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Metropolitan DC Local Politics
Reply to "List of the companies that have left or bypassed MoCo for NoVa"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Newish to the MoCo area. Heard a couple of years how companies leave or don't even consider MoCo and head towards NoVa. Is there a list of the companies that have bailed on MoCo over the last 20 years? The only ones I know of are Amazon and Discovery. Who else? [/quote] 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.[/quote] 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.[/quote]
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