WASHINGTON — Maryland got great news this week: Marriott is staying in the Bethesda area, where it has been for 60 years.
Marriott had been threatening to move out of the state and build its new $600 million headquarters elsewhere.
“We did not want to see them leave the state, and they were seriously considering it,” said Maryland Gov. Larry Hogan. Both Virginia and D.C. had been working hard to win over Marriott.
But a side deal that sweetened the pot to get the Fortune 500-company to stay in Maryland has some concerned. An incentives package offered to Marriott includes $22 million in subsidies from Montgomery County and another $22 million from the state of Maryland.
Hogan said the incentives package is necessary.