The airplane manufacturing company, Boeing, stated last week that it is shifting its corporate headquarters from Chicago to northern Virginia.
Since 2001, Boeing’s global headquarters has been in Chicago, however, last Thursday, Boeing announced they are shifting their global corporate headquarters to Arlington, Virginia. This city is located in the suburbs of Washington D.C.
The CEO of Boeing, Dave Calhoun, stated that the company was excited to build a new foundation in Virginia. He justified his stance by saying it was closer to its customers and stakeholders and had access to top-class talent the company could make use of.
Although Boeing was changing HQ, the company stated that they would still hold a significant presence in Chicago, with hundreds of employees.
Several news outlets associated Boeing’s decision with their aspiration to be closely linked with the federal government, as the company generates a significant chunk of its revenue through military sales. One of the regular top clients of the company is the Pentagon itself.
It is believed that the new Virginia Gov. Glenn Youngkin (R) played an important role in this decision. The National Review reported that crime and the business environment were two of Boeing’s major reasons for moving its HQ.
As his campaign’s top goal, Youngkin has always wanted to make Virginia appealing for businesses and the Americans. He mentioned his delight in Boeing’s decision to move to Virginia and hoped it would also attract more talent and business. He stated that he aims to make Virginia the perfect state for living, working, and starting a family.
This is one of the reasons why the CEO of the company personally thanked Youngkin for his partnership. The Washington Post believes the two have a personal relationship through which Youngkin persuaded the CEO for the big move.
On the contrary, the Mayor of Chicago, Lori Lightfoot, defended the city by saying there were a lot of corporate relocations that they will announce in the coming months.
Many people, such as Sen. Dick Durbin (D-Ill), were cross with Boeing due to its relocation. He stated that Boeing’s decision was disappointing and undermined what Chicago and Illinois’s governments had done in the last 20 years to make the area a perfect place for Boeing’s headquarters.
He further added that he is working tirelessly to make the leadership of Boeing understand the harms of this move as he is primarily concerned about the jobs that the workers in Illinois might lose.