Photo: Arconic
Arconic Inc. (NYSE: ARNC), a global technology, engineering and advanced manufacturing leader, will relocate its global headquarters from New York City to Fairfax County.
According to Governor Ralph Northam’s office, the move will bring approximately 50 new jobs to the community.
“We are honored that Arconic, a world-renowned manufacturing company, has chosen Fairfax County and the Commonwealth as the new home of its global headquarters,” said Governor Northam.
“Arconic selected Northern Virginia for its access to top industry talent, global connectivity, public transit options, and competitive business climate, and we are proud that the Commonwealth’s reputation as an ideal location for headquarters operations continues to grow. With multiple Arconic operations already based in Virginia, we look forward to further strengthening our important corporate partnership with this global Fortune 500 company.”
A description of Arconic’s output says the company creates breakthrough products that shape industries. Working in close partnership with its customers, the company solves complex engineering challenges to transform the way people fly, drive, build, and power. Through the ingenuity of Arconic’s team and cutting-edge advanced manufacturing techniques, it delivers products at a quality and efficiency that ensure customer success and shareholder value.
“It is exciting to welcome another Fortune 500 company headquarters to the Commonwealth’s impressive corporate roster,” said Secretary of Commerce and Trade Brian Ball.
Credit: Arconic
“As evidenced by the many industry-leading companies that are based in Fairfax County and the region, we are confident that Northern Virginia will be an optimal home for a company of Arconic’s caliber. Recruiting and retaining high-quality companies and jobs of the 21st-century is critical to Virginia’s economy, and we thank Arconic for contributing to our mission.”
“We are pleased to establish Arconic’s global headquarters in Fairfax County, Virginia—an area that is home to several aerospace and defense customers, a world-class talent base, and which offers a favorable quality of life for employees and a high level of connectivity to our key locations,” said Arconic Chief Executive Officer Chip Blankenship. “We are grateful to Governor Northam, Secretary Ball, the Virginia Economic Development Partnership and the Fairfax County Economic Development Authority for their support.”
According to the Governor’s office, the Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority to secure the project for Virginia. Governor Northam approved a $750,000 grant from the Commonwealth’s Opportunity Fund to assist the County with the project.
“I am delighted to welcome another Fortune 500 company to Fairfax County,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority. “Arconic’s decision to relocate its headquarters to Fairfax County illustrates how the county’s economy is diversifying with new industries and attracting companies that recognize the value that this community offers for businesses and employees.”
A series of new investments are likely to step up economic development of Fairfax county and Virginia. Indeed, the entire Washington metro area, which houses some of the richest American counties and boasts of highly professional workforce, is poised to play a much greater economic role.
In recent month news reports indicate that Washington area may be the place of choice for Amazon the technology and e-commerce giant, which is looking to build its second multi-billion dollars headquarters.
SOURCE: Virginia Governor’s Office, Photos: Arconic
