Nestlé USA Relocating U.S. HQ To Virginia

The company will invest nearly $40 million to move its U.S. corporate headquarters from California to Arlington County, creating 748 new jobs.


https://businessfacilities.com/2017/02/nestle-usa-relocating-u-s-hq-to-virginia/
The company will invest nearly $40 million to move its U.S. corporate headquarters from California to Arlington County, creating 748 new jobs.
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Nestlé USA Relocating U.S. HQ To Virginia

The company will invest nearly $40 million to move its U.S. corporate headquarters from California to Arlington County, creating 748 new jobs.

Nestlé USA Relocating U.S. HQ To Virginia

Nestlé USA, a subsidiary of Nestlé S.A., will invest $39.8 million to relocate its U.S. corporate headquarters from California to Arlington County, VA. The global nutrition, health and wellness company will create 748 new jobs at its 206,000-square-foot space at 1812 North Moore Street, the tallest building in the Washington, DC metropolitan area.

Arlington County
(Photo: 1812 North Moore)

“Nestlé USA carefully considered a number of locations and Arlington hits all the marks,” said Paul Grimwood, Chairman and CEO of Nestlé USA. “The area offers appealing benefits for our current employees, as well as a great talent pool for the future. This location allows us to be closer to our business operations, our customers and other important stakeholders. Nestlé’s growth over the past 150 years has enabled us to improve millions of lives through the products and services we provide, employment opportunities, our supplier networks and the economic contributions we make here in the U.S.”

Nestlé in the U.S. consists of eight main businesses: Nestlé USA, Nestlé Purina PetCare Company, Nestlé Waters North America, Nestlé Nutrition, Nestlé Professional, Nespresso, Nestlé Skin Health and Nestlé Health Science. Together, these companies operate in more than 120 locations in 47 states and employ over 51,000 people. In the U.S., Nestlé product sales topped $26 billion in 2015, making it the largest Nestlé market in the world.

The Virginia Economic Development Partnership worked with Arlington County to secure the project for Virginia. Governor Terry McAuliffe approved a $6 million grant from the Commonwealth Opportunity Fund to assist the county with the project. In consultation with the General Assembly’s Major Employment and Investment Commission, Gov. McAuliffe also approved $4 million in funds from the Virginia Economic Development Incentive Grant (VEDIG). VEDIG is 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. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.

Arlington County
Soaring 390 feet, the LEED Platinum certified 1812 North Moore is Metropolitan Washington, DC’s tallest building. (Photo: 1812 North Moore)

“Adding a global brand like Nestlé USA to Virginia’s corporate roster is a huge win for our commonwealth,” said Gov. McAuliffe. “Nestlé USA’s decision to relocate its corporate headquarters to Arlington County clearly demonstrates the competitive advantage that our commonwealth enjoys thanks to our world-class workforce, education system and infrastructure. As we continue to work to diversify our economy, I am particularly proud that this great company will locate in a property that has sat empty as the area and our entire state grappled with defense cuts and sequestration. This project is a clear sign that our efforts to build a new Virginia economy are paying off.”

“It is an honor for a leading company like Nestlé USA, with its globally known and respected household brands, to choose Virginia as the new home of its corporate headquarters,” said Secretary of Commerce and Trade Todd Haymore. “The company has made a wise choice to invest in Virginia and I commend the team work by the Governor, key General Assembly members, Virginia Economic Development Partnership staff, Arlington County leadership, and others to recruit Nestlé to the commonwealth through our domestic marketing missions. The effort shows once again that Virginia approaches economic development and job creation in a strategic and thoughtful manner.”

Relocating or Expanding Your Business In Virginia

Considering Virginia for your company’s relocation or expansion project? Check out Business Facilities’ Virginia Incentives and Workforce Development Guide.

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