- New U.S. Corporate headquarters in Potomac Yards will bring 500 jobs to Arlington
- Significant win for Arlington and Virginia
- Signifies a turnaround in the economic market, reflects Arlington’s “Way Forward” strategy
Lidl, one of the leading European retailers, announced today that it will invest $202 million to establish operations in Virginia, including a $77 million investment in its U.S. corporate headquarters in Arlington County. Lidl’s arrival will create 500 new jobs at its Arlington location and mark a strategic decision for an international company launching its expansion into the United States.
Arlington was a top contender for Lidl’s choice, meeting its criteria of an urban location, young and educated workforce and excellent public transportation system. Ultimately, it was Arlington’s real estate and incentives package, and the County’s ability to meet Lidl’s timeframe that led to its decision to locate in Arlington.
“Lidl chose Arlington for its U.S. corporate headquarters because of our commitment to diversifying our economy, a terrific workforce, regional transit connections and access to a major airport,” said Arlington County Board Chair, Mary Hynes. “Lidl’s presence will be an anchor and catalyst for growth in the National Gateway area. We are thrilled to welcome Lidl to Arlington and look forward to working closely with the company to build a successful U.S. presence here.”
Lidl currently operates nearly 10,000 stores in 26 countries throughout Europe. It is part of the Schwarz Group, which is the largest retailer in Europe and one of the largest in the world. Lidl has a simple philosophy – focusing on offering customers top quality fresh goods and grocery products at the most competitive pricing in convenient locations. While customers receive amazing savings by choosing Lidl’s own great quality brands, they can still shop for their favorite branded goods, available at competitive prices.
The Lidl announcement is a win for Virginia overall, as an additional $125 million investment is being made in a regional headquarters and distribution center facility in Spotsylvania County, creating 200 new jobs. Speaking about today’s announcement while conducting a marketing mission in Europe, Governor Terry McAuliffe said, “I was thrilled to meet with Lidl’s company leaders in Germany today to close this tremendous deal. This is a significant win for Arlington County and Spotsylvania County, and projects like this that create a significant number of jobs in the Commonwealth are a key part of my administration’s efforts to build a new Virginia economy. Lidl’s investment demonstrates Virginia’s ability to attract companies from all over the globe.” Read the Governor’s press release.
“We want to thank Governor Terry McAuliffe, as well as the teams in Arlington and Spotsylvania, who recognized Lidl’s potential and worked with us to bring Lidl to the area. We are honored to work with this incredible team of professionals who have laid the groundwork for Lidl’s success in the United States,” said Brendan Proctor, President and CEO of Lidl US.
Virginia Economic Development Partnership
The Virginia Economic Development Partnership worked with Arlington County and Spotsylvania County to secure the project for the Commonwealth. Governor McAuliffe approved a total of $5 million in grants from the Governor’s Opportunity Fund to assist both Arlington County and Spotsylvania County with the project. The Governor also approved $2 million in funds from the Virginia Economic Development Incentive Grant (VEDIG). VEDIG was established as a self-funded program of performance-based incentives that the Commonwealth awards to exceptional economic development projects with large numbers of employees and very high wages relative to average wages for that particular area. Additional funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
The Lidl announcement is the latest result of Arlington’s new “Way Forward” strategy, which has already retained, expanded and/or attracted companies to fill more than one million square feet of Arlington’s vacant office space this fiscal year. This new strategy embraces working with regional partners, proactive marketing, providing strategic incentives and offering key infrastructure improvements, such as Arlington’s Technology Zone incentives, implementation of the newest phase of ConnectArlington (Arlington’s strategic broadband fiber network), revisions to sign ordinances in targeted areas, and other efforts. The “Way Forward” strategy is setting Arlington apart from other regions in providing companies like Lidl with the resources and tools they need to grow their businesses for the future.
“We began this fiscal year with the very exciting announcement of CEB’s new headquarters in Rosslyn. We end with another huge announcement of Lidl choosing Arlington as the location from which it will expand its global reach to North America,” said Victor Hoskins, Director of Arlington Economic Development. “Companies are realizing that Arlington provides businesses with the ideal environment in which to expand and succeed, and we now have the resources to help them do it.”
Arlington Economic Development
Arlington Economic Development (AED), part of Arlington County Government, is dedicated to the preservation and enhancement of an economically competitive and sustainable community, and the creation of exciting, diverse and amenity-rich places. AED provides visionary leadership and superior services to Arlington’s business and arts community, its tourism industry and its real estate development. For more information, visit arlingtoneconomicdevelopment.com.