Virginia scored another economic development victory Monday over Maryland.
Bechtel Corp., a San Francisco-based engineering, construction and project management company, will relocate its global operations headquarters from Frederick, Md., to the Reston Town Center in Fairfax County. The company also will establish its Government Services group headquarters and a presence for its civil business unit, creating 625 new jobs.
Bechtel has more than 53,000 employees with clients in nearly 50 countries. Last year the company reported sales of $27 billion.
“The Reston Town Center is an ideal location for Bechtel and makes the best sense for the long-term positioning of parts of our business,” Bill Dudley, Bechtel president and chief operating officer., said in a statement. “We will have a central, more convenient location to Washington, D.C., and the Reagan National and Dulles International Airports, which facilitates access to our domestic and international customers; and proximity to the Dulles Technology Corridor.”
Gov. Bob McDonnell approved a $1.5 million grant from the Governor’s Opportunity Fund to help Fairfax with the project and $5 million from the Virginia Economic Development Incentive Grant, which rewards economic development projects with large numbers of employees and relatively high wages for the area.