Bechtel Corporation, one of the largest engineering, construction and project management companies on the planet, has been lured across the Potomac from Maryland to Richmond, Virginia Gov. Bob McDonnell announced Monday.
The company will relocate its global operations headquarters from Frederick to Fairfax County, and will also establish its government services group headquarters and offices for other corporate functions and services, creating 625 new jobs and bringing in an $18 million investment.
“Gaining an international Company like Bechtel Corporation is a huge coup for Virginia and Fairfax County,” Mr. McDonnell said.
The company employs 53,000, and reported annual sales of $27 billion for the year ending 2010. The company’s corporate headquarters is in San Francisco, but its new Global Operations headquarters will come to Reston Town Center next year. It already has an office in McLean.
Mr. McDonnell approved a $1.5 million grant from the Governor’s Opportunity Fund to assist Fairfax County with the project, and also approved $5 million in funds from the Virginia Economic Development Incentive Grant (VEDIG).
Mr. McDonnell has tweaked Montgomery County and Maryland recently after Bethesda-based Lockheed Martin reportedly stepped in when the council was weighing a resolution asking Congress to spend less on defense and divert more money into social programs.
Virginia also famously won out in a hotly-contested regional battle for the corporate headquarters of defense giant Northrop Grumman last year, beating out the District and Maryland, in part by offering the company at least $12 million in incentives. Mr. McDonnell helped cut the ribbon on the new corporate headquarters in Falls Church in September.