Business & Tech

Nestle is Moving to Arlington

The Swiss company is moving its U.S. operations from California to Rosslyn.

ARLINGTON, VA — Nestle, the maker of brands like Haagen-Dazs, Lean Cuisine and many others, will be moving its U.S. headquarters from California to Rosslyn soon, bringing around 750 jobs to Arlington.

Nestle, which is the largest packaged-food company in the world, will be setting up shop at 1812 N. Moore Street, the largest office building in the downtown Rosslyn area that was completed in late 2013.

“Adding a global brand like Nestlé USA to Virginia’s corporate roster is a huge win for our commonwealth,”
Virginia Gov. Terry McAuliffe said in a statement. “Nestlé USA’s decision to relocate its corporate headquarters to Arlington County clearly demonstrates the competitive advantage that our Commonwealth enjoys thanks to our world-class workforce, education system and infrastructure. As we continue to work to
diversify our economy, I am particularly proud that this great company will locate in a property that has sat empty as the area and our entire state grappled with defense cuts and sequestration."

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Nestle was enticed into the area by more than $16 million in state and county subsidies, according to the Washington Post. The company's current U.S. headquarters are in Glendale, Calif. Nestle's global headquarters remain in Switzerland.

The company will occupy 206,000 square feet of the building, and will invest $39.8 million.

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Nestle was founded in 1866 and reported annual revenue of $88.8 billion in 2015 along with $9 billion in profit. It employs more than 300,000 people.

Image via Nestle

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