By Gautham Nagesh - 09/13/10 03:24 PM EDT
President Obama will meet with members of Northern Virginia's technology community Monday as part of an event to discuss the state of the economy with small-business owners
Obama is planning to host a backyard discussion with neighbors and small-business owners on the economy at the home of John Nicholas and Nicole Armstrong in Fairfax, Va. About 30 people are expected to attend, including Reps. Gerry Connolly (D-Va.) and Jim Moran (D-Va.). Nicholas has worked for a global services technology firm since 1999, surviving several rounds of layoffs.
Also in attendance will be Larry Poltavtsev, chief executive of Target Labs, a technology-solutions firm located in Vienna, Va. Target Labs employs 51 people, 11 of whom were hired last year and 12 who have been added since July as a result of a loan backed by the Small Business Administration. Target Labs is hiring for five positions and hopes to add 15 more by the end of year, provided the firm has access to the needed capital.
Northern Virginia is home to a quickly growing technology industry, partly due to the proliferation of federal IT contractors in the state. The event is part of an ongoing effort by the Obama administration to frame the Recovery Act as a success; Obama is expected to highlight several stimulus investments in Northern Virginia as part of the event.