Fairfax residents remain richest in the nationr

Fairfax residents remain richest in the nation Fairfax County Source: Fairfax County Times TUESDAY, OCTOBER 6 2009

The nation may be in the midst of a deep recession, but there’s still a lot of money in Northern Virginia.

According to a survey released last week by American Community Survey, Loudoun's median household income totaled $111,925 — the highest in the nation in 2008.

Fairfax County had the second-highest household income in the nation in 2008, with $107,448.

Contributing factors include Fairfax County's high-wage jobs and a low unemployment rate. Despite the recession, increasing unemployment rates and depreciating home values, the county's median household income still increased 2 percent from 2007, when it also finished second to Loudoun at $105,421.

Fairfax County's income rate is 81 percent higher than Virginia's $61,233 median and 111 percent higher than the $52,029 U.S. median, according to the report.

County tops for tourism

Fairfax County continues to be a popular vacation spot for millions of people a year.

In 2008, Fairfax led the state with $2.56 billion spent on tourism, according to a report released by the governor's office this month. Fairfax was followed by Arlington ($2.53 billion) and Loudoun ($1.43 billion).

As one of the state's largest industries, tourism generated $19.2 billion in revenue (a 3 percent increase from 2007), supported 210,620 jobs and provided $1.28 billion in state and local tax revenue in 2008, the report stated. Virginia receives its annual economic impact data from the U.S. Travel Association.

“The 2008 figures show that the Virginia tourism industry continues to remain strong, even during a historic economic downturn,” Gov. Tim Kaine (D) said in the statement. Across Virginia, tourism dollars increased in transportation and food. However, spending decreased in lodging, entertainment and recreation, according to the report.

“Our industry is not immune to the tough economic times which have affected some localities and destinations harder than others,” said Alisa Bailey, president and chief executive officer of the Virginia Tourism Corp., in a press release.

MetroStar moves into historic Reston manor

Modern technology hooks up with history in Reston, as growing IT Services company MetroStar Systems has moved its headquarters into Reston’s historic Smith Bowman house.

The company’s move from University Drive in Fairfax comes on the heels of its 10th anniversary. MetroStar also has offices in San Diego, Cal., and Stafford, Va.

The new headquarters, on 1856 Old Reston Ave., is situated on a historic manor campus that has a rich history beginning in the 17th century. The manor has Civil War links to General E. Lee and his army, as well as ties to pioneering business growth that spiked throughout the area — which was then known as Sunset Hills — in the 1920s.

In celebration of its new headquarters and anniversary, MetroStar will host a private function on Friday, Oct. 16 for employees, clients, and members of the community.

Mayhood captures six GALA awards

The Mayhood Company, a leading condominium marketing and sales firm based in McLean, won six awards during last week’s Great American Living awards in Tysons Corner.

Mayhood was recognized in the following categories:

Overall Salesperson of the Year: Jim Patton

Exceptional Sales Effort: Matt Cummings, Turnberry Tower and Jonathan Loewenberg, City Vista

Attached homes (townhouses) over $500,000: Jim Patton, The Reserve at Tysons Corner

Condominiums under $500,000: Kami Knopf, 10101 Grosvenor Park Condominium

Condominiums over $500,000: Matt Ford and Chris Kraft (a sales team), Madrigal Lofts

The Great American Living Awards (GALA) program honors is a residential design, sales, and marketing competition in the metropolitan Washington market. Builders, developers, architects, sales, marketing, merchandising, and advertising professionals judge the awards.