Nestlé USA, a trusted leader in nutrition, health and wellness, will be moving their headquarters and calling Rosslyn home as early as 2017.
Nestlé’s U.S. operations consist of more than 120 locations in 47 states, employing over 51,000 people. Nestlé product sales in the U.S. topped $26 billion in 2015, making it the largest Nestlé market in the world.
The company was attracted by Rosslyn’s ability to help it recruit, retain and engage a talented workforce.
“Nestlé USA carefully considered a few locations and Arlington hits all the marks. The area offers appealing benefits for our current employees as well as a great talent pool for the future. This location allows us to be closer to our business operations, our customers and other important stakeholders,” said Paul Grimwood, Chairman and CEO of Nestlé USA. “Nestlé’s growth over the past 150 years has enabled us to improve millions of lives through the products and services we provide, employment opportunities, our supplier networks and the economic contributions we make here in the U.S.”
The news is a boon to the region with Nestlé projected to invest $39.8 million and bring roughly 750 new jobs. It will also result in 206,000 square feet of positive commercial real estate absorption in Rosslyn, which provides 23 percent of commercial tax revenues to Arlington County despite consisting of just .06 percent of its land mass.
For Rosslyn business leaders, the announcement validated efforts to facilitate the community’s ongoing evolution as an engaging, urban center.
“As the capitol region has scrambled to respond to challenging economic trends, the steady vision and conviction of Rosslyn’s business community, along with our Arlington County partners, have enabled us to continue our trajectory as one of the region’s most active and attractive urban centers,” said Mary-Claire Burick, President, Rosslyn Business Improvement District. “Currently, there are several billion dollars of investment and development in Rosslyn leveraging the advantages that attracted Nestlé to the neighborhood, including access, expanded retail options and world-class views.”
The announcement comes during an exciting period for the neighborhood, with Eastern Foundry and Grant Thornton Rosslyn offices opening and Central Place coming online later this year. You can read more about the news and its impact on the region in the Washington Post.