FAIRFAX COUNTY, Va.--(BUSINESS WIRE)--Fairfax County-based Inova Health System’s announced today that it will take over the ExxonMobil headquarters building in the Merrifield area of the county to house the Inova Center for Personalized Health. The center will make Fairfax County “a community known worldwide for genomic science,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority (FCEDA).
Gordon attended an event today at Inova Fairfax Hospital where hospital system officials announced creation of the center. The event also featured Gov. Terry McAuliffe and Fairfax County Board of Supervisors Chairman Sharon Bulova as well as leaders from Inova and ExxonMobil. Inova CEO Knox Singleton announced that the Peterson Family Foundation will donate $10 million for the initiative.
“The enormity of this announcement is almost indescribable,” Gordon said. “This campus will make Fairfax County a hub for world-class research and the commercialization of ground-breaking discoveries. New companies will grow as a result and more world-class researchers and businesses will want to be here.”
The Inova Center for Personalized Health will have three goals:
- Create the world’s leading center for translational cancer research and patient care based on genomic science and individualized therapy;
- Create a leading center of nationally recognized biotech researchers developing new tests, therapy and population health processes based on genomic science and bioinformatics; and,
- Stimulate collaboration of life-science companies with world-class researchers leading to the expansion of the life-science economy in Virginia and the Washington, D.C., area.
Gordon noted that the center will dramatically accelerate the FCEDA’s goal of further diversifying the economic base of the county. “We’ve been working to attract, retain, and grow the county’s non-government contracting economy for several years. This announcement places Fairfax County in a leadership position in the growth of the nascent industry of translational medicine,” he said.
The center will be based in a landmark building, near the Capital Beltway interchange with Arlington Boulevard (U.S. Route 50) that has served as the “downstream headquarters” of ExxonMobil since 1999 and previously was the corporate headquarters of Mobil Corp. ExxonMobil announced in 2013 that it would consolidate its headquarters functions in a new campus in the Houston area.
“Mobil Oil’s decision to locate its headquarters here in the 1980s put Fairfax County on the map as a corporate headquarters location, and Inova’s decision is just as momentous, heralding an exciting new economy for the county,” Gordon said.
Time magazine called Fairfax County “one of the great economic success stories of our time.” Business growth and innovation helps Fairfax County fund the nation’s top-rated school system and other public services that contribute to the quality of life of residents. Fairfax County offers businesses a state-of-the-art telecommunications infrastructure, access to global markets through Washington Dulles International Airport, a vibrant investment capital community and a highly skilled, well-educated workforce.
The award-winning Fairfax County Economic Development Authority promotes Fairfax County as a business and technology center. The FCEDA offers site location and business development assistance, and connections with county and state government agencies, to help companies locate and expand in Fairfax County. In addition to its headquarters in Tysons Corner, Fairfax County’s largest business district, the FCEDA maintains marketing offices in seven important global business centers: Bangalore, Boston, Munich, London, Los Angeles, Seoul and Tel Aviv.