MoCo fumbles three more: Blackboard, HalioDX, Idemia headed to Virginia

Montgomery County officials have blown it yet again. Just three months after failing to bring 25,000 Amazon jobs to our moribund County, they fumbled the ball on three more corporate headquarters sweepstakes. Blackboard, a high-profile education technology firm, will relocate its Washington, D.C. global headquarters to Plaza America in Reston. Biotech firm HalioDX chose Richmond over North Carolina, in its final North American headquarters decision. And Paris-based Idemia, a biometric augmented identity firm, is relocating its North American headquarters from Boston to Reston, as well.

The moves will bring hundreds of additional high-wage jobs to Fairfax County, and Idemia has promised to add 90 new high-wage jobs to the new HQ. Why did both firms choose Reston over Montgomery County? The answers are the same as usual: lower business costs, and superior infrastructure access in Virginia.

Blackboard CEO and President Bill Ballhaus cited their new location's proximity to Dulles International Airport, which as I've been noting for years, has the variety and frequency of international flights and destinations international businesspeople require. Unlike Northern Virginia, which has implemented several infrastructure projects to speed travel, Montgomery County has refused to build the new Potomac River crossing that would provide direct and quick access to Dulles Airport. In fact, the Montgomery County Council is actively trying to further sabotage our outdated and incomplete transportation system, refusing to build the M-83 Highway and Montrose Parkway East, and promising to lower speed limits on all major commuter routes to 25 MPH - and secondary and neighborhood roads to 15 MPH.

The failure to attract Idemia's HQ was a humiliating defeat for a County Council that has claimed it would make Montgomery County a cybersecurity hub. Instead, Virginia's Secretary of Commerce Brian Ball was the one crowing about the Old Dominion bolstering its dominance in that field with the addition of Idemia. "We rely on innovative companies like Idemia to maintain Virginia’s position as a U.S. leader in this industry,” Ball said in a statement.

HalioDX will join almost 70 biotech firms, laboratories and manufacturing facilities at the VA Bio+Tech Park in Richmond. It's a sad reminder that Virginia is now not only handing our County Council their [briefcases] in every other economic sector, but are rapidly reaching parity with Montgomery's biotech sector. Thanks to past County leaders who served before our elected offices were seized by the Montgomery County cartel in 2002, we had a promising biotech niche in the region. Now, it's only a matter of time before even those firms begin to relocate to Virginia, once they have the critical mass of qualified workers and government incentives.

The canary in the Montgomery County economic development coal mine has been deceased for some time. Our Council not only doesn't know anything about how to attract high-wage jobs and corporate headquarters, but couldn't act even if they did. Their developer sugar daddies, who fund the campaigns of every Council member, don't want corporate headquarters taking up valuable land they could use to profit from luxury apartments.

Virginia Gov. Ralph Northam hasn't had much reason to smile in recent weeks, and I reckon he appreciates Montgomery County turning his frown upside down reliably several times a month. His two immediate predecessors were legendary for openly mocking Montgomery County officials for their pro-tax, anti-business ideology. By all indications, comedy hour is just getting started at 100 Maryland Avenue.

Rockville construction update: Funeral home converted to retail center (Photos)

It's taken a long time, but the redevelopment of the vacant funeral home at 1170 Rockville Pike into a retail center is now very close to putting the fun back in "funeral." As you can see, the building has a finished appearance to it, and even the individual unit numbers are now installed on each available space. The more-welcoming lighting has really improved the prominence of the property to the 40,000 drivers who pass by it each day. KNLB is handling the leasing.

Congressional Plaza Lebanese Taverna temporarily closes ahead of move

Future home of Lebanese Taverna
at Congressional Plaza

Lebanese Taverna has temporarily closed at Congressional Plaza, as the restaurant prepares to move to the other wing of the shopping center on Rockville Pike. Its new location is a bit smaller, and the menu will be a bit simpler, featuring a condensed selection of their most popular items. The new Lebanese Taverna will be next to Modern Market. Their Rockville Town Square location at 115-A Gibbs Street remains open for business if you can't wait for your favorite Lebanese Taverna meal.

Current construction status of the
new Lebanese Taverna location

Their current spot in the shopping center,
now closed

Heavy snow and ice Wednesday could fell trees, power lines in Rockville

The weather forecasters got it wrong yet again, and we are facing a much more serious winter storm Wednesday than we were told last week. Heavy snow is expected to begin falling sometime after 3:00 AM Wednesday, most likely toward 5:00 or 6:00 AM. Accumulation of 3-6" is possible before precipitation switches over to freezing rain and ice mid-afternoon. Locations in the northern half of Montgomery County could see totals rise to 10". The storm is expected to end by 10:00 PM Wednesday night.

The combination of heavy, wet snow and a coating of ice will create conditions favorable to trees and limbs falling, and power outages. Temperatures will be the critical factor in the ultimate accumulation totals by nightfall Wednesday. This will be another serious test of the "new" Pepco system. With 48 hours of advance notice, the utility will have no excuse to not have called in backup workers from out of state. As a multi-state operation, Pepco parent Exelon has even more resources within its own nationwide workforce than the old Pepco did, so again, there will be no excuses.

Maryland Gov. Larry Hogan has urged residents to check their home emergency kit, and to prepare a plan for power outages.

Rockville McDonald's closes for renovations (Photos)

The McDonald's at 1390 Rockville Pike has temporarily closed for renovations. It's a major project that required the restaurant to close, unlike some of the makeovers the chain rolled out earlier this decade. Customers are being referred to the Derwood McDonald's location during the project. There are also McDonald's further down the road at 11564 Rockville Pike, and at 2101 Veirs Mill Road in Rockville.

Mass layoffs announced at Rockville company

Centerra Group, LLC, a government safety and security contractor located at 11555 Rockville Pike, has informed the state of Maryland it will conduct mass layoffs of its employees March 31, 2019. The firm filed a WARN notice with the state regarding the layoffs yesterday.

Eighty-seven employees are slated to lose their jobs, according to the notice filing. This is another blow to the anemic job activity in the White Flint area, which was capped off by the humiliating loss in the Amazon HQ2 sweepstakes. Montgomery County's economy grows more moribund with each passing hour, yet our County Council hasn't taken a single action to address the economic development crisis in the first two months of its term. Heckuva job, Brownie!

Federal Realty exceeds revenue forecasts for Q4 2018

Federal Realty, which owns several major retail centers in Rockville including Rockville Town Square, exceeded analysts' forecasts for revenue in the fourth quarter of last year. The real estate trust took in $235.4 million in revenue in the quarter, compared to the $$234.2 million the Associated Press reports analysts had forecast.

Funds from operations, which adds depreciation and amortization to a firm's net income, exactly matched forecasters' estimate of $1.57 per share, the AP reports. Federal Realty's stock has climbed 23% over the last year. The City of Rockville recently began subsidizing anchor Dawson's Market at the struggling Rockville Town Square, where multiple large tenants closed in 2018, including Mellow Mushroom pizzeria, Pandora Seafood, and - briefly - Dawson's Market, until the city subsidy enabled it to reopen.

Federal Realty is headquartered in Rockville.