RICHMOND, Va. (AP) - Engineering, construction and project management firm Bechtel Corp. is planning to invest $10 million to relocate its Maryland operations to Virginia, creating 700 jobs.
Gov. Terry McAuliffe said Wednesday that Bechtel will move from Frederick, Maryland, to Fairfax County and expand its presence there.
Bechtel has about 53,000 employees that work with customers, partners and suppliers on diverse projects in nearly 40 countries.
It moved its global operations headquarters to Reston in 2011. Bechtel's corporate headquarters are in San Francisco.
McAuliffe approved $4 million from the Virginia Economic Development Incentive Grant fund and $500,000 from the Governor's Opportunity Fund for the project.
Gov. Terry McAuliffe said Wednesday that Bechtel will move from Frederick, Maryland, to Fairfax County and expand its presence there.
Bechtel has about 53,000 employees that work with customers, partners and suppliers on diverse projects in nearly 40 countries.
It moved its global operations headquarters to Reston in 2011. Bechtel's corporate headquarters are in San Francisco.
McAuliffe approved $4 million from the Virginia Economic Development Incentive Grant fund and $500,000 from the Governor's Opportunity Fund for the project.
Probably already underway prior to the recent elections......
ReplyDeletemore will follow. Hopefully Hogan can stop the bleeding.
ReplyDeleteSo a private and very wealthy company gets a $4m grant (bribe) to relocate, what is the issues?
ReplyDeleteMaryland gives these out all of the time to successful businesses.
That's because nova is awesome. So many things to do and a way better workforce to choose from.
ReplyDelete10:30
ReplyDelete... that still lives off the gov't tit.
Wrong. Get your facts straight. Look at the economics in the area. Your just making an in educated guess that most people in nova work for the government or a government contractor. Just not true. I you lived here you would know it. Go back to your $10 per hour job.
DeleteHeard the other week that k&l might layoff an additional 600 employees this year. I don't think what's left of them will be here much longer.
ReplyDelete
ReplyDeleteThanks, OweMalley!