Northern Virginia scores another corporate relocation

Washington Business Journal | Drew Hansen, Digital Editor | Apr 30, 2018

Lightweight metals producer Arconic Inc. announced Monday it is moving its headquarters to Fairfax County.

Arconic Inc., a Fortune 500 company specializing in lightweight metals production, is moving its headquarters to Fairfax County.

The exact location of the new office is yet to be determined, according to the Fairfax County Economic Development Authority, but the move will bring 50 jobs to the region.

The Virginia Economic Development Partnership and FCEDA worked to secure the relocation of the company from New York City. Virginia Gov. Ralph Northam, a Democrat, approved a $750,000 grant from the Commonwealth’s Opportunity Fund to incentivize the relocation.

Northam joined Arconic Vice President Daniel Cruise and officials from Fairfax County at the Tower Club in Tysons on Monday afternoon to announce the move.

The company declined to say how much square feet is will seek, but it hopes to pick a location in time to move in by the fourth quarter. The vast majority of the new jobs will executives relocating from New York, though the company may make some local hires. more