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Reports: Intelsat Passes Up Bethesda; Will Move HQ To Tyson's

Satellite giant has officially announced its move to Tyson's Corner, despite an "agressive" incentives package offered by Montgomery County, according to reports.

Satellite giant Intelsat announced Monday it will move its Washington, DC-based U.S. headquarters and its 430 employees to Tyson’s Corner in mid-2014, the Washington Business Journal reports.

The company looked closely at an East-West Highway office tower under construction by Carr Properties in Bethesda, the Business Journal reported last month, and was offered “a very aggressive incentives package” to consider re-locating to Montgomery County.

According to the Business Journal’s latest report, Intelsat CEO David McGlade remarked to Virginia Sen. Mark Warner that the satellite services provider company had a tough choice between Maryland and Virginia. Minutes later, according to the report, McGlade “got a call from Gov. Bob McDonnell, touting Virginia and asking what he could do to lure Intelsat to the commonwealth.”

The company received a $1.3 million grant from the Virginia Governor's Opportunity Fund, tax credits and job training assistance, according to the report.

Montgomery County Economic Development Director Steve Silverman told the Business Journal last month that if Intelsat chose Virginia over Maryland, it would likely have more to do with rental rates than incentives.

Virginia officials are touting the pending relocation, Virginia Business reports. Intelsat will anchor the planned Tyson’s Tower, a 22-story office tower that will be one of three towers making up a 1.4 million square-foot, mixed-use development near the planned Tyson’s Corner Metro station on Metro’s Silver Line.

bill marshall December 05, 2012 at 06:06 PM
rental rates are determined by the property taxes and cost of construction which are both at the mercy of a tax hungry county and state. Taxes most likely were a huge determining factor.... I doubt the intelsat employees care about out overpriced underused improperly maintained indoor pools
Mike December 05, 2012 at 06:27 PM
Just another company HQ choosing Northern Virginia over Maryland per usual.
jag December 05, 2012 at 07:15 PM
"the governor said before he presented Fairfax Board Chairman Sharon Bulova with an oversized $1.3 million check" LOL. I knew VA handed out corporate welfare as if it was candy, but I never knew they took such pride in it. Learn something new every day.

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