RICHMOND - Governor Mark R. Warner today announced that IBM Corporation will invest $10 million to expand its operations in Fairfax County, creating 1,250 new job opportunities. Governor Warner announced IBM’s decision during the Commonwealth of Virginia’s Information Technology Symposium annual event held at the Norfolk Waterside Marriott.
“IBM’s decision to expand in Fairfax County speaks volumes for the company’s commitment to the Commonwealth at a time when the technology industry is under fire for sending many jobs overseas,” said Governor Warner. “We’ve worked hard to foster an environment where technology and homeland security industries can grow and thrive. This is a tremendous announcement for Virginia.”
The 1,250 new jobs are part of IBM’s public sector consulting business. Many of the jobs are high-level consulting positions with an average salary in excess of $90,000. A significant portion of these jobs also will come through IBM’s active college hiring program. IBM said last month that it expects to create about 18,800 new jobs in 2004 throughout the world, and that the hires in the United States will be high-value jobs where technological innovation transforms and enlivens business.
“Virginia understands that states need to create a fertile environment for innovation that attracts companies – and attracts jobs,” said IBM Vice President of Governmental Programs Christopher Caine. “Led by Governor Warner, Virginia has demonstrated innovative thinking and launched contemporary programs that leverage a first-rate educational system, understand the importance of enhanced homeland security, and bolster economic development approaches for the 21st century.”
The Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority to prepare the state’s proposal and negotiate an incentive package to secure the deal for Virginia. Governor Warner approved a $600,000 grant from the Governor’s Opportunity Fund to assist Fairfax County with the project. The Virginia Department of Business Assistance will support the project by providing workforce training services.
"I am delighted that IBM is boosting its presence here and will be able to take full advantage of our highly skilled workforce and a quality of life that is second to none," said Gerald E. Connolly, Chairman of the Fairfax County Board of Supervisors.