Bechtel to invest $10 million, create 700 new jobs in VirginiaStaff writer ▼ | March 4, 2015
Bechtel Corporation will invest $10 million to relocate its Frederick, Maryland operation to Fairfax County as a result of global restructuring. The project will create 700 new jobs.
Bechtel Corporation Fairfax County to get a construction giant
Today, its 58,000 colleagues team with customers, partners and suppliers on diverse projects in nearly 40 countries. The company's corporate headquarters is in San Francisco, California.
"Since relocating our global operational headquarters to Reston in 2011, we have enjoyed immense support from the business community of Fairfax County and the Commonwealth," said Bechtel chief executive officer Bill Dudley.
"Reston has proven to be an ideal location for Bechtel. Conveniently situated between two airports, it facilitates international and domestic travel, which is key to our business, provides access to a highly skilled workforce, and offers an enjoyable work/life environment for our employees." Dudley added that the company also considered Texas and Arizona.
The Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority (EDA) to secure the project for Virginia. Governor McAuliffe approved a $500,000 grant from the Governor's Opportunity Fund to assist Fairfax County with the project.
Governor Governor Terry McAuliffe also approved $4 million in funds from the Virginia Economic Development Incentive Grant (VEDIG). VEDIG was established as a self-funded program of performance-based incentives that the Commonwealth awards to exceptional economic development projects with large numbers of employees and very high wages relative to average wages for that particular area. ■