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Area Development - Site Selection, Facility Planning and Workforce Development

Bloomberg BNA Expands Arlington County, Virginia, Operations Complex

04/11/2017
Bloomberg BNA, a wholly-owned subsidiary of Bloomberg L.P., the global business, financial information and news leader, will invest $5.5 million to expand in Arlington County, Virginia. The expansion will include the consolidation of its operations currently based in Maryland.

“Bloomberg BNA is excited to expand our investment and operations in Arlington, Virginia, as we are achieving record growth across our business,” said Greg McCaffery, CEO & President of Bloomberg BNA. “For the past decade, Arlington has been a wonderful home for the majority of our employees. We will be thrilled when our employees currently based in Maryland can join us in Arlington later this year. Both Arlington County and the Commonwealth of Virginia have been great partners to work with on this project, and we look forward to the next phases of our expansion.”

Virginia Economic Development Partnership worked with Arlington County to secure the project for Virginia. Governor McAuliffe approved a $500,000 grant from the Commonwealth’s Opportunity Fund to assist the County with the project. Funding and services to support Bloomberg BNA’s employee training activities will be provided through the Virginia Jobs Investment Program. The project is expected to retain approximately 1,000 jobs and create up to 125 new jobs over three years.

“Retaining major employers and corporate partners like Bloomberg BNA in the Commonwealth is a key component of our efforts to diversify and build the new Virginia economy,” said Governor Terry McAuliffe. “The Bloomberg brand is known and respected around the globe, and it is a great testament to Arlington County and its skilled workforce that the company has chosen to consolidate operations and expand in Northern Virginia. We look forward to helping facilitate the company’s next chapter of success in the Commonwealth.”

“Bloomberg BNA is one of the top 10 largest private employers in Arlington County, and it is paramount that we foster the growth of our existing businesses so that they continue to choose Virginia,” said Secretary of Commerce and Trade Todd Haymore. “With a top-rated higher education system and one of the largest technology workforces in the nation, the Commonwealth is a hub for the information sector. We thank this world-renowned company for its commitment to Arlington County and to Virginia.”

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