Fairfax County gets another Fortune 500 headquarters: Arconic

Contacts: Alan Fogg, afogg@fceda.org, 703-790-0600 (o) or 571-213-5065 (m); Christa Zipf, Christa.Zipf@arconic.com, 212-836-2605

Company is a global technology and manufacturing leader serving many industries

Monday, April 30, 2018
Gov. Ralph Northam today announced that Arconic Inc. (NYSE: ARNC), a Fortune 500 company and a global leader in technology, engineering and advanced manufacturing, will relocate its global headquarters from New York City to Fairfax County. The move will bring approximately 50 jobs to the community.
 
A decision on an exact headquarters location will be made at a later date.
 
“Fairfax County is a world-class location for Arconic’s global headquarters,” said Arconic Chief Executive Officer Chip Blankenship. “We look forward to benefiting from the location’s proximity to customers, talent and transportation hubs.”
 
Arconic creates breakthrough products that shape industries. Working in close partnership with its customers, the company solves complex engineering challenges to transform the way people fly, drive, build, and power. Through the ingenuity of Arconic’s team and cutting-edge advanced manufacturing techniques, it delivers products at a quality and efficiency that ensure customer success and shareholder value.
 
Arconic was no. 228 on the 2017 Fortune 500 list and will join a Fairfax County business community with nine headquarters in the Fortune 500.
 
“I am delighted to welcome another Fortune 500 company to Fairfax County,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority (FCEDA). “Arconic’s decision to relocate its global headquarters to Fairfax County illustrates how the county’s economy is diversifying with new industries and attracting companies that recognize the value that this community offers for businesses and employees.”
 
In addition to manufacturing products for the aerospace, automotive and other industries, Arconic’s independently endowed charitable arm, Arconic Foundation, supports programs that help prepare for a 21st-century engineering and advanced manufacturing workforce. The Foundation’s initiatives make STEM education opportunities available to students; support engineering and technical skills training through community colleges, technical schools and universities around the world; and help create access for underrepresented individuals to the STEM fields. The work of Arconic Foundation is enhanced by thousands of Arconic employee volunteers who share their talents and time to make a difference in their communities. Established in 2016, Arconic Foundation is active in 26 countries.
 
The FCEDA worked with the Virginia Economic Development Partnership to secure the project for Virginia. Governor Northam approved a $750,000 grant from the Commonwealth’s Opportunity Fund to assist the county with the project. 
 
Time magazine called Fairfax County “one of the great economic success stories of our time.” Business growth and innovation help Fairfax County fund the nation’s top-rated school system and other public services that contribute to the quality of life of residents. Fairfax County offers businesses a state-of-the-art telecommunications infrastructure, access to global markets through Washington Dulles International Airport, a vibrant investment capital community and a highly skilled, well-educated workforce.
 
The award-winning Fairfax County Economic Development Authority promotes Fairfax County as a business and technology center. The FCEDA offers site location and business development assistance, and connections with county and state government agencies, to help companies locate and expand in Fairfax County. In addition to its headquarters in Tysons Corner, Fairfax County’s largest business district, the FCEDA maintains marketing offices in six important global business centers: Bangalore, Berlin, London, Los Angeles, Seoul and Tel Aviv. Follow the FCEDA on Facebook, Twitter and LinkedIn.
 
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