Local Business and Economic Development
(AP) Boeing Co., a leading defense contractor and one of the world’s two dominant manufacturers of airline planes, is expected to move its headquarters from Chicago to the Washington, D.C., area, – Arlington specifically – according to two people familiar with the matter. The decision could be announced as soon as later Thursday, according to one of the people. Both spoke on condition of anonymity because they were not authorized to discuss the matter publicly before Boeing’s announcement. Boeing did not immediately comment.
The decision was first reported by The Wall Street Journal. A move to Arlington, Virginia, would put Boeing executives close to officials for their key customer, the Pentagon, and the Federal Aviation Administration, which certifies Boeing passenger planes. Boeing’s roots are in the Seattle area, and it has assembly plants in Washington state and South Carolina. The company moved its headquarters to Chicago in 2001 after an unusually public search that also considered Dallas and Denver.
US Senator Mark Warner has commented on Boeing’s planned move if its headquarters to Arlington, saying that “for well over a year, I’ve been making my case to Boeing senior leadership that Virginia would be a great place for its headquarters.” Warner also said in a statement today he found out about that planned move from Chicago late last year.
virginiabio is a statewide trade association for the bio-tech industry and this year its bi-annual conference is being held at Hotel Roanoke. During a panel discussion this morning Brett Malone, who oversees the Corporate Research Center in Blacksburg, outlined a vision for downtown Roanoke. Both at the CRC adjacent to Virginia Tech and near the Fralin Biomedical Research Institute in Roanoke federal funding will be used to build “wet lab” shared spaces designed to attract bio-tech startups to the region.
Rising interest rates are not yet halting the steady increase in area home values. The Roanoke Valley Association of Realtors reports that for the first three months of the year, the average home sales price topped $292,000, an increase of almost 10% over the same period in 2021. At the same time, the number of homes sold so far in 2022 fell below that of the last two years. WFIR’s Evan Jones has more:
Those looking for work – no matter where they live locally – are invited to a job fair in northwest Roanoke this Saturday. One goal is to help reduce gun violence in that part of the city. The story from WFIR’s Gene Marrano:
Companies scheduled to be on hand:
Hopes were raised perhaps that Senator Mark Warner’s appearance to talk about infrastructure funding at the Wiley Drive low water bridge on the greenway this afternoon – often closed due to flooding – would be funded by the bi-partisan bill signed into law by Congress. But any replacement won’t come from that pot of money since the bridge is not in major disrepair. Warner had never visited that part of the Roanoke River Greenway before. He walked the low water bridge with Roanoke City Council members, other local officials – and met several people fishing from the bridge.
Franklin County officials say 40% of its workforce leaves the county each day to reach their jobs — which is why many employers there hope to attract some of that number to positions closer to home. The county’s Workforce Development Office is hosting a Career and Resource Fair from 1:00 to 4:00 pm Tuesday afternoon in Rocky Mount; more than two dozen employers on hand, largely in hopes of finding more employees who live nearby and may desire shorter commutes. More from WFIR’s Evan Jones: