And Boeing moves GHQ yet again

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They started in Seattle but moved their Global Headquarters to Chicago as Seattle is turning into a shithole city and the costs of doing business in WA State are climbing out of control (one of my primary reasons for moving to N.C.). They jumped out of the frying pan and into the fire, moving to Chicago, Illinois - probably got a nice sweetheart deal on taxes. Now? Beetlejuice's worker's paradise has gotten to be too much and they are on the move again.  This time? Virginia. Republican governor. Kick-ass Lieutenant Governor.  Cheap taxes and close enough to the swamp but not too close.

From Boeing:

Boeing Names Northern Virginia Office Its Global Headquarters; Establishes Research & Technology Hub
Boeing [NYSE: BA] announced today that its Arlington, Virginia campus just outside Washington, D.C. will serve as the company's global headquarters. The aerospace and defense firm's employees in the region support various corporate functions and specialize in advanced airplane development and autonomous systems. In addition to designating Northern Virginia as its new headquarters, Boeing plans to develop a research & technology hub in the area to harness and attract engineering and technical capabilities.

"We are excited to build on our foundation here in Northern Virginia. The region makes strategic sense for our global headquarters given its proximity to our customers and stakeholders, and its access to world-class engineering and technical talent," said Boeing President and Chief Executive Officer Dave Calhoun.

Boeing will maintain a significant presence at its Chicago location and surrounding region.

"We greatly appreciate our continuing relationships in Chicago and throughout Illinois. We look forward to maintaining a strong presence in the city and the state," said Calhoun.

"We also want to especially thank Governor Youngkin for his partnership, and Senator Warner for his support as we worked through the process."

Heh - "continuing relationships in Chicago and throughout Illinois"  Yeah - they still have factories and maintain offices there but that is not the headquarters of the business.  Boeing will not pay its business taxes to Chicago any more.

Good move and smart for their shareholders.

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This page contains a single entry by DaveH published on May 6, 2022 7:37 PM.

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