List of the companies that have left or bypassed MoCo for NoVa
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Anonymous
I doubt you know much about biotech since you skipped right over Novavax. |
Anonymous
Lots of people skipping over Novavax. They can't get their act together to produce an effective vaccine They are barely early stage in their development |
Anonymous
Because the buyers couldn't afford to live in Arlington. |
Anonymous
DP .. some VA lover poked fun at MoCo for only having "government, non profit jobs, and activists", yet it's great that VA has all these Defense contract jobs? Is this like when Rs tell the federal government "hands off my social security.. we don't want social welfare"? LOL |
Anonymous
| Really this all began only 30 years ago … |
Anonymous
um.. ok, but $1mil sfh in a suburb is still darn expensive. So, if people are *fleeing* MoCo, why is the housing in MoCo still expensive? The same argument plays out in CA. Yes, people are leaving CA.. because they are priced out. Home prices in CA are ridiculously expensive. I used to live there; my family still lives there. Their tiny, ugly, 2br/1ba condo in a no thing, sleepy suburb with tons of strip malls is going for $550K; SFH goes for $1.5mil+. Again, this is in a no-nothing, suburb in SoCal. I don't think some people understand supply and demand; yet, I bet you think you are a smart R. |
Anonymous
Every company in Northern Virginia “bypassed” Montgomery County and Maryland in general. They made a choice. If you don’t need or want to be in DC proper but still need access, your next choice is Northern Virginia or Maryland. In theory there is the same infrastructure and potential for growth, and even similar workforce, in Montgomery County. But taxes and regulation, and positive feedback loop of clustering. Maryland offered Amazon $8 billion in incentives. Virginia offered only $500 million. So the difference is what the advantage/disadvantage is worth to just this company. I wouldn’t be surprised if corporate Lockheed Martin is now 50/50 Bethesda/Crystal City. Not that they’ll leave. It’s another state and district in their pocket. The real question you should be asking is why Northern Virginia is outperforming Maryland, and the answer is until the last decade, purple/moderate/actual issue politics. You can prioritize jobs and business, or pronouns and racist theory. Not both. |
Anonymous
HQ2 was about access to airports and mass transit. That's why they also chose NYC, the site was right next to the airport, just like the one in Crystal City. It's right next to DCA. It's not always about taxes. Otherwise, companies like Alphabet and Meta wouldn't continue to be HQ in high tax, high regulation state of CA. Oh, and Trump would've left NYC a very long time ago rather than recently when he got chased out. |
Anonymous
. NYC offered over a billion and Long Island City is just as far as Montgomery is to JFK/La Guardia/Newark as Dulles/DCA/Baltimore. They surmised they needed to split their labor requirements (which Montgomery County didn’t win). And what did that leave Amazon with? Promises that local politicans couldn’t deliver because they didn’t get to wet their beak. Lesson observed, these places aren’t worth dealing it. It’s not just the taxes, it’s the obscene regulation and corruption that comes with it. Sure if you’re a somebody it doesn’t matter. But that’s not how rule of law works. Set the conditions, and the market will tell you if it’s acceptable. Instead places like Maryland for Montgomery County of their own accord need to offer $8 billion to even be considered. |
Anonymous
Montgomery County has an airport that the county is neglecting. It’s funny that you mention transit when after the airport, water views and resilient highway infrastructure are the most prominent features of these locations. Amazon has actually been moving out of Seattle and expanding into nearby Bellevue, WA. Guess what? Water views and highway infrastructure are the most prominent features. It’s pretty obvious that Montgomery County refusing to support basic road and highway infrastructure is a big reason for the difference in business investment. Transit is meaningless. |
Anonymous
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Northern Virginia’s county governments cooperate far better than suburban Maryland’s governments do. Virginia also has a much more mature and established mechanism to market the Commonwealth’s assets to businesses through the VEDP.
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Anonymous
People paid into social security accounts for years to receive benefits as early as age 62. People do not pay into -- say -- WIC programs to receive benefits. See the difference? |
Anonymous
No, I am a very smart Democrat who actually understands supply and demand -- and I also understand the effect of Prop 13 and how schools are districted. Why don't you tell me how that affected the housing supply in California -- along with the fires, floods, mud slides, and other disasters that each year wipe out a part of California's housing stock. |
Anonymous
DP. There is ample evidence from all over the country in a variety of places that housing can be still be expensive in places where schools suck. What the hell does any of this have to do with Montgomery County, MD and the companies located therein? |
Anonymous
Hahaha. Why don't you look up Novavax's history of failure, reverse stock splits to save the stock from being delisted, and multiple dilutions in order to keep the company afloat. They barely make a y revenue on their COVID vax that was many months too late too the party. By the time they were able to launch anything, moderna and Pfizer already best them to the punch for the original strain of covid. They've launched almost no drugs in 30+ years of history. Believe me, I know much more about biotech than you do. Both from a science and business perspective. MoCo's biotech sector is a big whatever. 95% prerevenue companies that are going to fail, barely make any revenue, and pay modest salaries compared to real tech that all of NoVa gets. |