Grant Thornton, a leading U.S. professional-services firm, will invest $15.75 million to consolidate offices and grow its presence in Arlington, Virginia. The company plans to retain 994 jobs and create 348 new jobs in the northern Virginia region.

“This move reinforces Grant Thornton’s commitment to Virginia and Arlington County,” said Jamie Fowler, Grant Thornton’s Atlantic Coast Managing Partner. “We’ll be combining our area offices to create a more efficient footprint, but also the ‘workplace of the future,’ a concept developed with input from Grant Thornton employees. The ‘workplace of the future’ equips and engages our people to leverage technology and design to do their jobs smarter, faster and better. More importantly, it allows them to feel connected no matter where they work.”

As an incentive, Virginia Economic Development Partnership worked with Arlington County to secure the project for Virginia. Governor McAuliffe approved a $1 million grant from the Commonwealth’s Opportunity Fund to assist the County with the project.The company will also be eligible to receive a Major Business Facility Job Tax Credit.

Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.

“Retaining Grant Thornton in Virginia is a big win for the Commonwealth, as we continue to make Virginia the best place in the country for business and workforce development,” said Governor Terry McAuliffe.

“The firm’s consolidation is a great testament to the business advantages of Arlington County and we are excited to announce that this project is, not only retaining nearly 1,000 jobs in Virginia, but also creating 348 additional jobs. I am pleased with our success and will continue to work with industry leaders to ensure the new Virginia economy is innovative, diverse, and competitive in the global marketplace,” he added.

“I am thrilled we were able to help Grant Thornton find a new, state-of-the-art home in Arlington County that can meet the company’s growing needs as it consolidates locations and expands in the region,” said Secretary of Commerce and Trade Maurice Jones. “Grant Thornton will continue to benefit from the Commonwealth’s superior workforce and Northern Virginia’s best in class business environment, and I congratulate the company on this exciting new chapter.”