Fairfax County Economic Development Authority’s Business News Update – May 16

Somatus, a Tysons-based kidney-care company, has emerged as the highest-valued unicorn in Northern Virginia, with a valuation of over $1 billion. The company’s success can be attributed to its collaboration with talented individuals in the Fairfax County area, including nurses, patient health advocates, and business leaders. Alicia Palmer, Chief Legal Officer of Somatus and a Fairfax County resident, highlighted the abundance of talent in the area as a key factor in the company’s growth.

In a recent conversation with key members of Somatus, including Co-Founder and CEO Dr. Ikenna Okezie, the focus was on the company’s innovative technology, growth trajectory, and the advantages of having their headquarters in Fairfax County. The presence of great schools, public transportation, and proximity to international airports were cited as reasons for choosing Fairfax County as their base of operations.

Meanwhile, Reston-based SAIC CEO Toni Townes-Whitley was honored by Women in Technology with a Lifetime Achievement Award at their 25th Annual Leadership Awards event. The event recognized women professionals who have excelled in various industries, inspiring others in the process.

Additionally, Comstock Holding Companies celebrated the topping out of Virginia’s first-ever JW Marriott Hotel and Residences at Reston Station. The event marked a significant milestone in the development of The Row at Reston Station, a project that aims to elevate the standard of mixed-use development in transit-oriented communities.

Overall, these stories highlight the thriving business landscape in Northern Virginia, showcasing the region’s commitment to innovation, collaboration, and growth.