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Virginia Politics
Posted at 11:34 AM ET, 08/18/2011

Two Virginia counties make CNN Money list for top job growth

Prince William and Loudoun counties were named two of the top 25 places for job growth over the past decade, according to a recent CNN Money report.

Loudoun was ranked second and Prince William was ranked 13th among counties nationwide in the magazine’s annual “Where the Jobs Are” list. Last year Prince William was ranked 17th and in 2008 it was ranked 23rd, Prince William officials said.

Loudoun, also known as the “Silicon Valley of the East,” has one of the nation’s highest concentrations of high-tech firms, CNN Money states. The once mostly farmland community has transformed to a bustling community with more than 9,000 firms that employ more than 130,000 people. It’s proximity to Dulles International Airport has also helped it grow over the years, according to CNN Money.

In Prince William, officials like to, “give companies the royal treatment.” The county had a job growth rate of more than 40 percent in the last decade and more than half-a-dozen companies have either expanded or moved into the county in the last year, CNN Money states. CNN Money also touts the county’s Innovation Technology Park and its proximity to Dulles Airport

“Prince William County is well established as one of the most pro-business communities in the nation,” Prince William Board Chairman Corey Stewart (R-At Large) said. “National accolades, like this year’s announcement by CNN Money. . .serve to underscore the strength of our business community, as well as to highlight the incredible opportunities that exist. . . for future job growth.”

CNN Money looked at localities where there was both job growth and population growth and where unemployment was below the national average, Prince William officials said. Only two places within each state could qualify.

“As many municipalities across the nation are slashing budgets and watching debt pile up, Prince William County has weathered the recession and scored top marks from all three credit rating agencies,” the CNN Money article states.

By  |  11:34 AM ET, 08/18/2011

 
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