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The Big Book: Most Influential Virginians


James W. Dyke Jr., senior advisor, State Government Relations, McGuire- Woods Consulting LLC, Tysons Why he is influential: Dyke’s background in law and politics is wide-ranging. He served as secretary of education under former Gov. L. Douglas Wilder and today, as a


lobbyist, counts among


his clients three Virginia universities — George Washington, Marymount and the foundation at George Mason. Recent developments: A lawyer, Dyke is entering the third year of a three-year appointment to the board of visitors at Norfolk State University. Last year, he joined the board of the Virginia Early Childhood Foundation. As a board member of GO Virginia, an influential, state-funded economic development initiative promoting regional collabora- tion and private-sector investment, Dyke has been advocating for the program’s full funding as included in Gov. Ralph Northam’s biennial budget.


Ric Edelman, chairman, financial education and client experience, Edelman Financial Engines, Fairfax


Why he is influential: Over the air, on paper or in your earbuds, Edelman answers financial-planning ques tions in a relatable way. Aside from his podcasts, weekly radio


show and books, Edelman has been chairman of the nation’s largest Registered Investment Adviser since his company’s 2017 merger with Financial Engines. Today, Edelman Financial Engines manages more than $213 billion in assets for 1.2 million clients across 170 offices. Recent developments: Edelman Financial recently launched a Work- place Innovation division to help companies offer financial guidance to their employees. Edelman and his wife, Jean, have focused their philan- thropy on furthering research to fight Alzheimer’s disease. In December, they pledged $2 million to back a documen- tary on Alzheimer’s research scheduled for release next year.


Richard Fairbank, chairman and CEO, Capital One Financial Corp., Tysons


Why he is influential: Fairbank co-founded McLean-based Capital One with Nigel Morris in 1994, and it now ranks No. 11 on the list of the nation’s largest banks by assets, and


it’s the second-largest auto-financing company in the U.S. He also serves as chairman of MasterCard’s U.S. board of directors and as non-executive director of MasterCard International. A billionaire thanks to stock holdings, Fairbank has received no base salary from Capital One since 1997. Recent developments: The bank’s revenues broke a record in 2019, reach- ing $28.2 billion, although that number is 1% lower than anticipated. And if that weren’t enough, last year pop superstar Taylor Swift signed a multiyear deal to become Capital One’s latest celebrity spokesperson.


Thomas F. Farrell II, chairman, CEO and president, Dominion Energy Inc., Richmond


Why he is influential: Farrell has led the state’s largest utility since 2006, but he also has wielded con- siderable influence on Richmond’s land- scape, mostly through


public-private partnerships. Last year, Dominion opened its sleek, 20-story headquarters building in downtown Richmond. And Farrell spent much of his local political capital over the last two years spearheading his NH District Corp.’s failed $1.5 billion Navy Hill downtown redevelopment plan, which would have included a replacement for the Richmond Coliseum.


Victor Hoskins, president and CEO, Fairfax County Economic Development Authority, Fairfax


Why he is influential: Before moving to Fairfax last August, Hoskins played a key role in securing Amazon.com Inc.’s East Coast headquarters for Arlington County, where he led its economic development authority for close to five years. The $2.5 billion deal, expected to create 25,000 jobs by 2030, is said to be the nation’s largest economic development project, based on the number of jobs. It also caps a period for Hoskins that included bringing Nestlé USA’s and Lidl’s headquarters to Arlington, and retaining the headquarters for the Public Broadcasting System and the Drug Enforcement Administration.


Recent developments: As Hoskins gets his feet wet in Fairfax, he and officials in nine other jurisdictions have formed the Northern Virginia Economic Develop- ment Alliance, which will help the region compete for large conventions and, overall, promote economic development cooperation. His focus is on work- force development and place-making, a process underway in Tysons, which is turning into a more walkable, urban environment with major multiuse devel- opments. As the former deputy mayor of planning and economic development for Washington, D.C., Hoskins was instrumental in developing places like City Center, the Wharf and Union Market that attract young professionals. He’s likely to do the same in Fairfax.


52 | MARCH 2020 Photo by Stephen Gosling


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