Another economic development loss for Montgomery County and Maryland is in the books. Not surprisingly, the winner in the latest contest for a corporate headquarters is once again Northern Virginia. ORBCOMM, Inc., currently headquartered in New Rochelle, New Jersey, has announced it will locate its global HQ in Sterling, Virginia, in Loudoun County - not Montgomery County, Maryland. The "internet of things" company is focused on products and services that track, monitor, and control industrial assets around the world. It operates its own network of 31 low-Earth-orbit (LEO) satellites. ORBCOMM's clients include Walmart, Caterpillar, Hitachi, Target, Tropicana, Tyson, and Canadian National Railways.
"Virginia is proud to welcome ORBCOMM’s global headquarters to Virginia," Virginia Governor Glenn Youngkin said in a statement. "This decision highlights our commitment to innovation, workforce development, and creating an environment where advanced industries can thrive. We look forward to the economic opportunities and technological leadership ORBCOMM will bring to the Commonwealth."
"As we welcome ORBCOMM's headquarters to Sterling, I wanted to express my sincere gratitude for the significant economic impact this expansion brings to Loudoun County and the Commonwealth," Virginia State Delegate Atoosa R. Reaser said. "The creation of new jobs is a welcome development and will undoubtedly contribute to the prosperity of our community," said Delegate Atoosa R. Reaser.
Montgomery County has failed to attract a single major corporate headquarters in over 25 years. The County, and Maryland as a whole, have forgone massive amounts of potential tax revenue rather than adopt more competitive, business-friendly policies and tax rates. They have also refused to construct a new Potomac River crossing to the Dulles area that has been on the books for decades, which would provide direct access to the only local airport with the frequency of flights and variety of international business destinations that corporate executives demand. Once an economic engine of the Washington, D.C. region, Montgomery County's economy today is moribund, and the County has become a bedroom community for booming job centers elsewhere in the region.
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