Virginia
Raytheon announces its global headquarters is leaving Massachusetts, moving to Virginia
In a blow to Massachusetts, Waltham-based Raytheon Applied sciences is shifting its international headquarters to Arlington, Virginia.
Raytheon introduced its plans Tuesday, saying a headquarters in Virginia “will increase agility in supporting U.S. authorities and business aerospace prospects and serves to bolster partnerships that can progress revolutionary applied sciences to advance the business.”
The corporate, which didn’t define impacts on employees right here, additionally known as the D.C space a “handy journey hub” for its prospects and workers.
“It gained’t be the final headline that we learn in that regard,” Massachusetts Taxpayers Basis President Eileen McAnneny mentioned after the host of a discussion board on the state finances learn a breaking information alert concerning the firm’s plans. Firms are “far more attuned to relative value variations,” she mentioned.
Raytheon mentioned it had not “accepted or sought” monetary incentives from any state or municipality as a part of the transfer, and mentioned it could “keep its sturdy U.S. presence which incorporates 600 amenities throughout 44 states and territories.”
The corporate’s 4 enterprise items have operations in Virginia, Raytheon mentioned, and its new international headquarters will likely be in Arlington’s Rosslyn neighborhood alongside the Raytheon Intelligence & House enterprise.
Raytheon Applied sciences Company’s 4 companies are Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & House, and Raytheon Missiles & Protection. In 2020, the corporate was shaped after Raytheon Firm and the United Applied sciences Company aerospace companies mixed their companies.
Boston Globe enterprise reporter Jon Chesto described the information as “a blow to Massachusetts when it comes to status, simply two years after the state gained out within the merger between Raytheon and United Applied sciences Corp.” He cited an organization spokesman in reporting that “there can be no discount within the protection firm’s Massachusetts workforce because of the transfer.”
On the Massachusetts Affiliation of Well being Plans’ finances discussion board, affiliation president Lora Pellegrini known as the breaking information a “well timed message.”
“Raytheon is shifting out of the state, and so they’re shifting to Virginia,” she mentioned. “So I believe to your level about us creating an economic system, and a spot the place folks need to dwell and work, and it’s reasonably priced, perhaps that is among the causes Raytheon is shifting. Clearly, it’s an enormous loss to the commonwealth.”
“Wow,” McAnneny responded.
McAnneny went on to recall tax coverage adjustments enacted within the Nineties to retain Raytheon, at a time when the Division of Protection was doing belt-tightening and the corporate was exploring a possible transfer to Arizona and its extra favorable tax local weather.
“They fought like hell to get a greater tax local weather in Massachusetts, and so they’ve been combating ever since,” she mentioned. “They’ve been, you already know, made to be the monsters … as a result of they requested for this coverage. I imply our protection producers had been a critically necessary sector in Massachusetts, plenty of high-tech jobs in it. And so that’s, it’s troubling.”
The Massachusetts Fiscal Alliance used the information to attract consideration to a constitutional modification on the November poll enabling a brand new 4% surtax on family earnings above $1 million per 12 months, a measure that Democrats within the state Legislature have superior to lift cash for training and transportation.
The alliance opposes the surtax and mentioned it could push the tax local weather right here “additional into unfriendly territory for companies and their workers.”
“Raytheon might have thought of this transfer for a lot of causes, however it’s not misplaced on us that when the legislature’s earnings tax poll query is months away from showing on the poll, a big Massachusetts based mostly firm like Raytheon decides to maneuver its company headquarters out of Massachusetts,” alliance spokesman Paul Diego Craney mentioned in a press release. “This might be the primary vital canary within the coal mine for Massachusetts and a warning to what’s going to change into extra frequent if the legislature’s 80% grad tax hike modification passes this November.”
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CAROLINE COUNTY, Va. — The State Fair of Virginia returns for 10 days at The Meadow Event Park in Doswell.
The fair opens Friday at 10 a.m.
Fair executive director Marlene Jolliffe told CBS 6 this is her 35th career state fair.
“We have a legacy. We have generational fairgoers who this is a tradition, and they keep coming,” Jolliffe recalled. “My grandchildren and my children have grown up in the fair industry because of me.”
The State Fair of Virginia has been in operation since 1854 and Jolliffe said they’ve learned a lot since it moved to The Meadow Event Park in 2009.
Last year, she invited contractors to visit the fairgrounds to study their procedures finding virtually no issues, but showed areas for improvement.
Crews installed metal detectors and upgraded cameras.
A security team holds meetings year-round before the fair and safety briefings every morning the fair is in operation.
The fair partners with the Virginia State Police for security. VSP declined an interview about this topic.
Jolliffe said attendees can expect to see troopers across the park in addition to RMC Events employees in yellow shirts.
Those safety plans come on the heels of 300 people who were banned from nearby King’s Dominion due to fighting. Busch Gardens Williamsburg and Chesterfield County’s fair also saw groups fighting over the summer.
Community shares voices after large altercations mar community events, gatherings
“Certainly I follow that and pay attention to it, but we don’t start changing what has worked so well for us just because an incident happens at another location,” Jolliffe explained.
The fair has not changed any policies since then and there is no chaperone policy, either.
Jolliffe described the 10 fun days as family-friendly, with dozens of school groups visiting during the day.
“We’re secured and partner with Virginia State Police. They are one of our most critical partners, and they’re here. They’re in the operation. They’re all over the grounds. They park, they get people off of the roadway from a parking standpoint, but they’re all over the main footprint of the property, securing,” Jolliffe said.
WTVR
Among the highlights this year include new bathrooms built near the entrance.
After two years of dealing with soaking tropical storms, crews have installed a 17,000-square-foot tent with seating over their main stage.
New foods include the “Big Fatty” cinnamon roll rolled in bacon and “Hurricane Fries” topped with mac and cheese, fried chicken, and Yum Yum sauce.
The fair offers a new “Fast Lane” wristband to skip the lines at the rides, farm animal showcases for adults and youth, baking competitions, musical acts, a roving piano, a magician, and more.
“The beauty of what we do with the fair is we’re not all about entertainment. We’re also about the agriculture of things, the garden, the competitions, and having that nice mix of things makes it a little easier to be able to figure out how you program it,” Jolliffe said.
The event has an overall regional economic impact of $41.5 million with 200,000 attendees over 10 days.
Do you know about a good news story happening in your community? Click here to email WTVR.com and the CBS 6 News team.
EAT IT, VIRGINIA restaurant news and interviews
CHESTERFIELD, Va. (WWBT) -Chesterfield first responders made their way to southwest Virginia Thursday to help areas forecasted to be the most affected by Hurricane Helene.
19 firefighters and EMS workers left Fire Station 17 in the morning to Wythe County.
The county expects several inches of rain, gusty winds and potentially downed trees and power lines.
The Chesterfield crews will be on standby to perform water rescues.
They are also ready to deploy to neighboring states if necessary.
Another group of Chesterfield firefighters flew out to the Roanoke area earlier Thursday afternoon.
Copyright 2024 WWBT. All rights reserved.
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