It looks like the governor has lost the latest corporate HQ contest. Despite a personal sales pitch from Martin O’Malley to the company CEO, Northrop Grumman today announced that it has chosen Northern Virginia as the new home for it’s corporate headquarters. According to this story by Sarah Krouse in the Washington Business Journal, the announcement “comes as no surprise to many observers, who felt the inclusion of Maryland on the short list was simply to serve as leverage in the economic development game.”
In other words, we was used.
On the other hand, we really shouldn’t feel very bad about all that. The company still maintains a sizable presence in the Free State and that is unlikely to change anytime soon. In fact, the company just finished construction of a new 150,000 square office building (picture) by the airport.
April 26th, 2010 ANNAPOLIS – Bob Ehrlich today released the following statement in response to reports that Northrop Grumman has chosen not to move its headquarters to Maryland.
ReplyDelete“Northrop Grumman’s decision not to move its headquarters to a high-tax state like Maryland is very disappointing, but not the least bit surprising. Some reports indicate that Maryland was never even a serious contender.
http://www.bobehrlich.com/2010/04/statement-from-bob-ehrlich-regarding-northrop-grummans-decision-to-move-its-headquarters-to-virginia-instead-of-maryland/
Bad business decision. Think about where the money will be flowing in years to come and think about where large numbers of gov't ees are being relocated.
ReplyDeleteIt might not make much diff where they roost, but choosing Congress over the Agency is not a good bet.