By IvyLee Rosario
Arlington, Va.—Virginia Governor Terry McAuliffe announced that Nestlé USA, a subsidiary of Nestlé S.A., will invest $39.8 million to relocate its corporate headquarters from Glendale, Calif., to Arlington, Va., creating 748 jobs in the process.
The company will occupy 206,000 square feet at 1812 N. Moore in the Rosslyn neighborhood starting September 2017. The high-rise has been vacant since construction was completed in 2013. The building offers views of the D.C. skyline, accessibility to major transportation venues, an onsite resource center and technology tools.
Nestlé USA will receive a total of $6 million from the Commonwealth of Virginia in a Commonwealth Opportunity Fund grant, which will be matched by Arlington County in the form of $4 million in Industrial Development Authority Performance Incentives grants and $2 million in Arlington County infrastructure focusing on Metro, transportation and the area surrounding the new headquarters.
“Nestlé USA carefully considered a number of locations and Arlington hit all the marks. 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,” said Paul Grimwood, chairman & CEO of Nestlé USA, in prepared remarks.
Image courtesy of 1812 North Moore