Industries

Northern Virginia—For the Record

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The Fairfax County Economic Development Authority received the Excellence in Economic Development Award from the International Economic Development Council

for its “Power of Ideas” advertising campaign. The print ads, created by the Siddall firm of Richmond, highlighted innovative companies and the skilled work

force of Fairfax County. (News release)

Five Indian companies will open offices at the Mason Enterprise Center’s International Business Accelerator at George Mason University. The companies are

expected to create 60 jobs within three years. The investment is part of a trade partnership between Virginia and India. (News release)

Innovectra Corp., a Vienna provider of online advertising solutions, secured a $2 million loan from MMV Financial of Toronto. The company plans to use the

proceeds to continue marketing of its ActivImpact product which gives Yellow Pages publishers a local search advertising platform. (Business Wire)

McLaughlin Electric Co., a Baltimore-based electrical contracting firm, opened an office in Springfield as part of its plan to compete in the Washington,

D.C., market. (News release)

MicroStrategy Inc., a McLean-based provider of business intelligence software and services, will give the business school at the University of Colorado

Denver free software, tech support and training to help expand its business intelligence course offerings. (PR Newswire)


Therma-Tru Corp., a manufacturer of steel frame doors and door systems, will close its Spotsylvania County plant, with the loss of 220 jobs. Production will

be transferred to plants in Indiana and Oklahoma. The downturn in the domestic housing market was cited for the move. (The Free-Lance Star)


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