Business

Bechtel Corporation to Relocate 700 Jobs to Fairfax Co.

Governor Terry McAuliffe announced that Bechtel Corporation, one of the world’s largest engineering, construction and project management companies, will relocate 700 jobs to Fairfax County from its Frederick, Md., operation as a result of global restructuring. The company will invest $10 million in the Fairfax County location as a result of the move. Bechtel will lease up to 175,000 square feet in the Reston area of Fairfax County for the expansion.

Headquartered in San Francisco, Bechtel is an engineering, project management, and construction company founded in 1898 with 58,000 employees in nearly 40 countries. The FCEDA worked with the Virginia Economic Development Partnership to secure the project for Virginia. Governor McAuliffe approved a $500,000 grant from the Governor’s Opportunity Fund to assist Fairfax County with the project.