Boeing headquarters relocate to Virginia

Boeing announced the relocation of its headquarters from Chicago to Arlington.

Boeing already has a campus in northern Virginia and believes they will benefit from being closer to Washington D.C. so it can be closer to customers, stakeholders, and key government officials.

In addition to the movement of their headquarters, Boeing plans to develop a research and technology hub to attract new employees.

Governor Glenn Youngkin is the former co-CEO of the Carlyle Group and has a relationship with Boeing CEO David Calhoun from prior business ventures.

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Boeing gives $50M to help launch new Virginia Tech campus

By Associated Press | Published May 5, 2021 7:00 a.m.

ARLINGTON, Va. (AP) — Boeing is giving Virginia Tech $50 million to help launch the school’s graduate technology campus in northern Virginia.

Virginia Tech announced the multi-year donation to the Alexandria campus Tuesday, noting it will provide scholarships, foster faculty and researcher recruitment and fund programs for underserved K-12 students who want to pursue high-tech degrees and careers. The gift matches the largest ever made to the Blacksburg-based university.

Virginia Tech President Tim Sands said in a statement that the donation “will propel our work to help establish the greater Washington, D.C., area as the world’s next major tech hub.”

The Washington Post reports that David Calhoun, Boeing’s chief executive, said in an interview Monday that the company wants to be “one of the early players on the campus.” and the gift is meant to promote a skilled and diverse workforce.

Construction of the Virginia Tech Innovation Campus is expected to begin in the fall and the first building is set to open in 2024. The effort aims to grow to about 750 master’s degree students and 200 doctoral students.

(All contents © copyright 2021 Associated Press. All rights reserved)

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