10 big company investments slated to create over 5,100 new jobs in Northern Virginia!
NoVA’s proximity to Washington D.C., excellent infrastructure, pro-business climate, and wealth of resources make it an attractive city for businesses large and small to center operations. The Washington Dulles International Airport in Loudoun hosts flights to over 80 cities nationwide, 40 non-stop international flights, and is the sixth busiest U.S. airport for international travel. The many top colleges and universities located throughout the Commonwealth promote innovative research and development, and—along with the many individuals who move to the area to be close to D.C.—provide area corporations with a wealth of hiring opportunities. Virginia offers companies stable, low tax costs; a 6% corporate income tax; and many incentive programs. There are 5 main discretionary grants available to companies that would be creating more jobs in the local economy, as well as 2 financing programs, 3 infrastructure assistance programs, 9 tax credit incentives, the Virginia Jobs Investment Program for workforce development, and several other regional assistance programs and tax exemptions. The diverse multicultural climate of Virginia where employees can live and work, abundance of both urban and rural settings, proximity to the Dulles Technology Corridor as well as our nation’s capital, and the continuing corporate and residential growth in Northern Virginia are other factors that companies weigh when considering where their expansion would be most successful.
#1: Amazon Web Services, Herndon
Amazon’s Web Services division already has a sizeable presence in the D.C.-area, however, in April the company announced an expansion that added many more jobs to Northern Virginia. Texas and Washington state were both in competition for the project, but instead Amazon will open their new East Coast corporate campus at One Dulles Tower in Herndon. Part of the reason Virginia was chosen for the expansion is because the state is offering the company incentives in exchange for creating more jobs in the region. Amazon Web Services will be eligible to receive $7,000 per net new job created because of a custom state grant approved by the governor and Virginia’s Major Employment and Investment Commission. This move comes 4 years after the same division of Amazon completed an expansion into a building nearby, also aided by state business incentive programs, that added 500 jobs to the local economy.
#2: Amazon Distribution, Frederick County
Fairfax isn’t the only county in Virginia that will see an Amazon expansion though! The Internet giant will be establishing an e-commerce warehouse and distribution operation in Frederick County, which is expected to create 1,000 local jobs. Virginia was in the running against West Virginia for this economic opportunity, and in the end the online retailer decided to build their new one-million-square-foot distribution facility in the county’s White Hall Commerce Center. The Virginia Economic Development Partnership worked with Frederick County to land the deal, and Amazon will be eligible to receive funds through some Virginia business incentive programs as part of the project—including funding and services to support the company’s employee training activities through the Virginia Jobs Investment Program.
#3: Navy Federal Credit Union, Winchester
The Navy Federal Credit Union, a Norfolk-based business, will invest $100 million into expanding its Winchester operations center. This will create about 1,400 jobs in Frederick County and nearly double Navy Federal’s workforce employee-count and physical square footage in Frederick. The company expansion was announced in January and was made possible by grants given to assist Frederick County with the project, including ones from the Commonwealth Opportunity Fund and the Virginia Economic Development Incentive Grant.
#4: Unanet, Sterling
Unanet, a business software company, just opened their new office space in Sterling last month. Virginia was in the running against Alabama, California, Florida, Maryland, and Tennessee for the expansion. Our state was able to sweeten the deal by offering support with the training of up to 38 new hirees, funded by the the Virginia Jobs Investment Program. The company has been in the process of hiring developers, analysts, marketers, and engineers for this new branch in Loudoun County. Up to 60 more new workers are expected to be hired to help serve Unanet’s growing client base, which currently includes over 1,000 businesses and organizations. “Growing information technology companies like Unanet continue to recognize the benefits of the Commonwealth’s robust tech workforce, cutting-edge training programs, and competitive business climate,” Governor McAuliffe stated at the ribbon-cutting ceremony.
#5: Granules India Ltd., Fairfax County
Granules India Ltd., a pharmaceutical company based in Hyderabad, India, is planning a new branch in Chantilly. In a $35 million investment they’ll be expanding their pharmaceutical research, development, and manufacturing operations and selected Northern Virginia as the best location for it. Said executive vice-president of Granules India, Priyanka Chigurupati, in a statement: “We are very excited about our plans for expansion in Fairfax County in the Commonwealth of Virginia. There is a lot of untapped potential with a highly educated and technically savvy workforce, reliable security, diverse amenities and state of the art infrastructure including Dulles International Airport, The Port of Virginia, and the expanded Metrorail in close proximity.” Like most items on the list, this move comes with assistance and coordination from the Virginia Jobs Investment Program.
#6: Bloomberg BNA, Arlington
Bloomberg BNA announced in April that they had selected Northern Virginia over Maryland and D.C. for their $5.5 million investment project. The company, a subsidiary of financial information company Bloomberg LP, will be expanding their Arlington offices and consolidating operations currently in Maryland to their Virginia office. Bloomberg is already one of the top ten private employers in Arlington; this move will retain about 1,000 jobs and add up to 125 new jobs over the next 3 years. Once again, the Virginia Economic Development Project worked with Arlington County to make this move happen, and provide incentives to the business for choosing Northern Virginia.
#7: Nestlé, Rosslyn
Nestlé USA Inc. is going to be relocating their United States headquarters to Rosslyn in a $39.8 million dollar investment move. Their previous headquarters were in Glendale; California, but this move will be creating 748 new jobs in Arlington County. Nestlé USA is a subsidiary of their global corporation, Nestlé S.A., which is based out of Switzerland but has eight main companies in America: Nestlé USA, Nestlé Purina PetCare Co., Nestlé Waters North America, Nestlé Nutrition, Nestlé Professional, Nespresso, Nestlé Skin Health and Nestlé Health Science. The lease on this Rosslyn building brings to a conclusion a lengthy and wide-ranging relocation search, says company chairman and CEO; Paul Grimwood: “Nestlé USA carefully considered a number of locations and Arlington hits all the marks. The area offers appealing benefits for our current employees, as well as a great talent pool for the future. This location allows us to be closer to our business operations, our customers and other important stakeholders.” Arlington, like so many other smaller D.C.-connected metros in NoVA, is up-and-coming in terms of large-scale economic development—and attracting businesses and corporations of all sizes to the area. Grants totalling $8 million, from the Commonwealth Opportunity Fund as well as the Virginia Economic Development Incentive Grant, were signed off on by Gov. McAuliffe to entice this global corporation to select Northern Virginia as their new U.S. headquarters.
#8: 84 Lumber, Frederick County
84 Lumber, a Pennsylvania-based company, will be investing $3.9 million into building a new manufacturing operation in Frederick County. Virginia competed against Maryland, West Virginia, and Pennsylvania for the project; which will be bringing 100 new jobs to the local economy. 84 Lumber, a certified women’s business enterprise owned by Maggie Hardy Magerko, was named as one of Forbes’ Best Midsize Employers in America 2016 and Forbes’ Largest Private Companies in America 2016. The company has over 250 stores, as well as various distribution centers, manufacturing plants, custom shops, and engineered wood product centers in 30 states. This Frederick County expansion was made possible through the advocacy of the Virginia Economic Development Partnership and their Virginia Jobs Investment Program.
#9: Favor TechConsulting, Tysons Corner
Favor TechConsulting is an IT solutions company to watch, that will be establishing its headquarters in the Tysons Corner area of Fairfax County. FTC is a service-disabled veteran-owned, woman-owned and minority-owned business that ranked no. 405 on the 2016 Inc. 5000 list of America’s fastest-growing companies. They plan to invest $1.65 million and create 1,200 new local jobs within the next five years. The Virginia Jobs Investment Program will be supporting the company with consultive services and employee training, the Department of Veterans Affairs also allotted them 10 task orders valued at $112 million under the VA’s Transformation Twenty-One Total Technology Next Generation contract.
#10: Thermo Fischer Scientific, Frederick County
A Massachusetts-based medical device manufacturer, Thermo Fischer Scientific, will be investing $9.5 million to expand into Frederick County. They already have a location in Frederick where they employ over 300 locals, but are looking to expand their clinical diagnostics operations and hire 57 more people. Governor Terry McAuliffe approved a $110,000 grant from the Commonwealth’s Opportunity Fund for the expansion, and employee training will be provided for by the Virginia Jobs Investment Program.