- Associated Press - Monday, July 21, 2014

ARLINGTON, Va. (AP) - Corporate advisory firm CEB is keeping its global headquarters in Rosslyn, and expects to add 800 new jobs in coming years.

State and local officials announced Monday that CEB, formerly known as the Corporate Executive Board, is moving to a new location in Rosslyn after conducting a multi-state search for a new headquarters.

State officials approved $9.5 million in grants to secure the deal, contingent on the company meeting requirements for creating high-paying jobs. Suzanne Clark, spokeswoman for the Virginia Economic Development Partnership, said the average annual salary of the new jobs anticipated in this deal is $122,000.

The county is providing $4.5 million in infrastructure improvements.

CEB currently employs about 1,400 in Arlington, and expects to grow to about 2,200.

The move is projected to occur in 2018.

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