BNA, INC. INVESTS $110 MILLION IN ARLINGTON COUNTY
-Governor Warner announces relocation of company to Crystal City-
ARLINGTON - Governor Mark R. Warner today announced that BNA, Inc., an employee-owned publisher of print and electronic news, will invest $110 million to relocate its headquarters from Washington, D.C., bringing more than 1,000 jobs to Arlington County’s Crystal City by 2007.
“The positive work environment that BNA has created for its employees and the company’s solid business reputation make it an excellent fit for Virginia,” said Governor Warner. “This is a great time to bring good news to Crystal City, even as we work with our congressional partners to make the case to federal BRAC commissioners about proposals that could impact this community especially hard. BNA’s move to the Commonwealth reinforces one of many Virginia advantages: the ability to offer firms in this region a competitive cost of doing business.”
BNA, Inc. is a leading publisher of print and electronic news and information, reporting on developments in business, labor relations, law, health care, economics, taxation, environmental protection, health and safety, and other regulatory and public policy areas. BNA produces more than 200 news and information services, in a range of print and electronic formats. Headquartered in the nation’s capital for more than 75 years, BNA is the oldest wholly employee-owned company in the United States.
“This is an historic step for BNA,” said BNA CEO Paul Wojcik. “But moving to Virginia is a step that promises to yield tremendous benefits for BNA as a company as well as for BNA’s employee-owners. As a major media organization reporting on Washington, we will continue to have our sights firmly fixed on the workings of government, and Crystal City affords excellent access to the major government agencies we cover. We look forward to 2007.”
The Virginia Economic Development Partnership worked with Arlington County to prepare the state’s proposal and negotiate an incentive package to secure the deal for Virginia. Governor Warner approved a $1 million grant from the Governor’s Opportunity Fund to assist Arlington County with the project. The Virginia Department of Business Assistance will support the project with training assistance through its Workforce Services Program.
"Arlington is delighted to welcome BNA to Crystal City," stated Arlington Board Chair Jay Fisette. "We feel that their new Crystal City location will provide them with the best that Arlington has to offer: a great location, access to Metro and other mass transit, and wonderful amenities like Crystal City's new restaurants and shopping. Their Arlington location will provide employees access to the top schools in the nation, and some of the most beautiful neighborhoods in the region, with hundreds of bike and walking trails.”