Anonymous
08/04/2022 20:36
Subject: List of the companies that have left or bypassed MoCo for NoVa
Anonymous wrote:Anonymous wrote:Anonymous wrote:Wasn't there some big thing two decades ago in MoCo about them becoming a hub for biotech? What happened to that? Seems like they're all in Frederick now.
Meh, all mediocre biotech. There's astrazeneca, which is really the only top pharma company, but most of the other biotechs are very early stage companies that make almost no significant revenue. The vast majority of those biotechs are going to fail. Biotech is also notoriously unstable, and biotech jobs are much lower paying than finance, consulting, tech, etc. So. Over. Rated.
I doubt you know much about biotech since you skipped right over Novavax.
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.
Anonymous
08/04/2022 18:53
Subject: List of the companies that have left or bypassed MoCo for NoVa
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Why would anyone give an eff about “job growth” in a bedroom community?
Because once schools start going down the drain property will follow.. Then the tax base flees because they have zero ties to MoCo. If there's no jobs, schools go down the toilet, and property values follow suit, how does the big govt machine in MoCo support itself with a crumbling tax base.
This has already happened in Moco. Agree with everything in your post except future tense.
Then why did home prices average near 1 mil just to live in Silver Spring?
Because the buyers couldn't afford to live in Arlington.
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.
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.
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
08/04/2022 14:54
Subject: List of the companies that have left or bypassed MoCo for NoVa
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Why would anyone give an eff about “job growth” in a bedroom community?
Because once schools start going down the drain property will follow.. Then the tax base flees because they have zero ties to MoCo. If there's no jobs, schools go down the toilet, and property values follow suit, how does the big govt machine in MoCo support itself with a crumbling tax base.
This has already happened in Moco. Agree with everything in your post except future tense.
Then why did home prices average near 1 mil just to live in Silver Spring?
Because the buyers couldn't afford to live in Arlington.
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.
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
08/04/2022 14:50
Subject: List of the companies that have left or bypassed MoCo for NoVa
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:You are kidding right.
I know of 6 companies so far that have decided not to recruit from VA colleges. These will be CS jobs, Data science, business analyst. And they are Big companies one starts with an A and they are not going to be moving people to VA any more either.
MOCO has pharma companies growing big time.
Youngkin is going to destroy VA so companies are going to run give it another 6 months. Fun times.
Made up BS. A company is not going to hire from UVA and Virginia Tech for Engineering/CS talent because of Youngkin? That makes no sense. Companies fall over these graduates just like they do over UT Austin (oh no its in Texas!) grads because these are some of the best public schools in the country. At least make believable arguments.
+1
94,000 jobs added since Feb
https://shoredailynews.com/headlines/virginia-adds-94k-employees-since-feb-1/
Job Growth -Southern Virginia
https://www.virginiabusiness.com/article/growth-industry/
4 out of top 5 defense companies now in Virginia
https://businessfacilities.com/2022/06/raytheon-moving-global-hq-to-northern-virginia/amp/
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
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
08/04/2022 06:37
Subject: List of the companies that have left or bypassed MoCo for NoVa
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.
Anonymous
08/04/2022 01:14
Subject: List of the companies that have left or bypassed MoCo for NoVa
Anonymous wrote:Anonymous wrote:Anonymous wrote: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?
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.
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.
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
08/04/2022 00:35
Subject: List of the companies that have left or bypassed MoCo for NoVa
.Anonymous wrote:Anonymous wrote:Anonymous wrote: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?
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.
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.
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
08/03/2022 17:03
Subject: List of the companies that have left or bypassed MoCo for NoVa
Anonymous wrote:Anonymous wrote: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?
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.
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
08/03/2022 16:53
Subject: List of the companies that have left or bypassed MoCo for NoVa
Anonymous wrote: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?
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
08/03/2022 16:14
Subject: List of the companies that have left or bypassed MoCo for NoVa
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Why would anyone give an eff about “job growth” in a bedroom community?
Because once schools start going down the drain property will follow.. Then the tax base flees because they have zero ties to MoCo. If there's no jobs, schools go down the toilet, and property values follow suit, how does the big govt machine in MoCo support itself with a crumbling tax base.
This has already happened in Moco. Agree with everything in your post except future tense.
Then why did home prices average near 1 mil just to live in Silver Spring?
Because the buyers couldn't afford to live in Arlington.
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
08/03/2022 16:10
Subject: List of the companies that have left or bypassed MoCo for NoVa
Really this all began only 30 years ago …
Anonymous
08/03/2022 16:09
Subject: List of the companies that have left or bypassed MoCo for NoVa
Anonymous wrote:Anonymous wrote:Anonymous wrote:You are kidding right.
I know of 6 companies so far that have decided not to recruit from VA colleges. These will be CS jobs, Data science, business analyst. And they are Big companies one starts with an A and they are not going to be moving people to VA any more either.
MOCO has pharma companies growing big time.
Youngkin is going to destroy VA so companies are going to run give it another 6 months. Fun times.
Made up BS. A company is not going to hire from UVA and Virginia Tech for Engineering/CS talent because of Youngkin? That makes no sense. Companies fall over these graduates just like they do over UT Austin (oh no its in Texas!) grads because these are some of the best public schools in the country. At least make believable arguments.
+1
94,000 jobs added since Feb
https://shoredailynews.com/headlines/virginia-adds-94k-employees-since-feb-1/
Job Growth -Southern Virginia
https://www.virginiabusiness.com/article/growth-industry/
4 out of top 5 defense companies now in Virginia
https://businessfacilities.com/2022/06/raytheon-moving-global-hq-to-northern-virginia/amp/
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
08/03/2022 16:07
Subject: List of the companies that have left or bypassed MoCo for NoVa
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Why would anyone give an eff about “job growth” in a bedroom community?
Because once schools start going down the drain property will follow.. Then the tax base flees because they have zero ties to MoCo. If there's no jobs, schools go down the toilet, and property values follow suit, how does the big govt machine in MoCo support itself with a crumbling tax base.
This has already happened in Moco. Agree with everything in your post except future tense.
Then why did home prices average near 1 mil just to live in Silver Spring?
Because the buyers couldn't afford to live in Arlington.
Anonymous
08/03/2022 16:05
Subject: List of the companies that have left or bypassed MoCo for NoVa
Anonymous wrote:Anonymous wrote:Anonymous wrote:Wasn't there some big thing two decades ago in MoCo about them becoming a hub for biotech? What happened to that? Seems like they're all in Frederick now.
Meh, all mediocre biotech. There's astrazeneca, which is really the only top pharma company, but most of the other biotechs are very early stage companies that make almost no significant revenue. The vast majority of those biotechs are going to fail. Biotech is also notoriously unstable, and biotech jobs are much lower paying than finance, consulting, tech, etc. So. Over. Rated.
I doubt you know much about biotech since you skipped right over Novavax.
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
08/03/2022 13:55
Subject: List of the companies that have left or bypassed MoCo for NoVa
Anonymous wrote:Anonymous wrote:Wasn't there some big thing two decades ago in MoCo about them becoming a hub for biotech? What happened to that? Seems like they're all in Frederick now.
Meh, all mediocre biotech. There's astrazeneca, which is really the only top pharma company, but most of the other biotechs are very early stage companies that make almost no significant revenue. The vast majority of those biotechs are going to fail. Biotech is also notoriously unstable, and biotech jobs are much lower paying than finance, consulting, tech, etc. So. Over. Rated.
I doubt you know much about biotech since you skipped right over Novavax.