Arlington is becoming a bonafide destination for corporate headquarters.
Three of the top 100 largest U.S. companies now have a headquarters — in the case of Amazon, a second headquarters — in the nation’s smallest self-governing county.
Yesterday brought the news that Raytheon would move its global headquarters from the Boston area to Rosslyn. One month prior, it was Boeing moving its corporate HQ from Chicago to Crystal City.
Those are in addition to other companies that top Fortune lists which already all Arlington home: utility company AES (#333), conglomerate Graham Holdings (#804), apartment developer AvalonBay Communities (#960) and the U.S. operations of Nestle (global #79).
The Raytheon and Boeing moves come with an asterisk, however — they’re more of an address change and will mostly utilize office space the companies already have here. Few employees will be moving here for either HQ, besides the CEO. And the primary reason Arlington was chosen was proximity to a certain five-sided building here, as well as a white building and a domed building across the river.
Still, there is a prestige factor that comes with being the headquarters for a major international company, including lots of national headlines, plus ancillary economic benefits like more business travel and lodging, greater interest from other potential relocating companies, etc.
In statements, Arlington County officials are touting the news as a point of pride.
Statement from Katie Cristol, Arlington County Board Chair
“We welcome the decision of Raytheon Technologies, a leader in the aerospace and defense industry and long-standing member of our business community, to bring its global headquarters to Arlington,” said Katie Cristol, Arlington County Board Chair. “Today’s announcement demonstrates how Arlington’s proximity to the decision-makers of D.C. and its welcoming, business-friendly climate are key factors for top companies. We are honored to work alongside Raytheon and welcome its global headquarters into our community.”
Statement from Shannon Flanagan-Watson, Interim Director, Arlington Economic Development
“Raytheon’s announcement, as well as that of Boeing last month, show that more companies are choosing Arlington for their headquarters. Our skilled, highly-educated workforce, key investments in public infrastructure, and our exceptional tech ecosystem are factors companies desire when locating a company. We welcome Raytheon’s global headquarters and look forward to their continued presence in Arlington.”
This morning we’re wondering how locals are reacting to all of this. Are the new headquarters boosting your sense of civic pride? Or do you view the news as neutral or negative for Arlington?