Maryland Commerce, Montgomery County Support Relocation of Booz Allen Hamilton
Global technology & consulting firm moving offices to Bethesda, retaining 750 employees in the county
BALTIMORE, MD (December 22, 2017) – The Maryland Department of Commerce and Montgomery County today announced support for Booz Allen Hamilton’s (NYSE:BAH) new offices in Bethesda. A leading global technology consulting and engineering firm, Booz Allen will move from its offices in Rockville to a new 65,000 square-foot facility in Bethesda by the end of 2019. The company, which has more than 3,800 employees in locations across Maryland, will retain about 750 employees in Montgomery County at the new state-of-the art workplace designed to promote collaboration and innovation.
“The nature of work is changing rapidly, and we are taking steps to ensure that our offices reflect that change,” said Deane Edelman, vice president, Booz Allen Hamilton. “We’re providing our employees with open and inspiring workspaces that encourage collaboration and innovation and allow us to continue to attract and retain the best talent who look for a dynamic work environment. At the same time, we’re adopting smart-sizing strategies that will allow us to host as many employees in Bethesda as we have in Rockville, despite reducing our square footage. We are very appreciative of the State of Maryland and Montgomery County for helping facilitate our new presence in Bethesda.”
Booz Allen Hamilton has been at the forefront of strategy and technology for more than 100 years. The firm provides management and technology consulting and engineering services to leading Fortune 500 corporations, governments, and not-for-profits across the globe. Booz Allen partners with public and private sector clients to solve their most difficult challenges through a combination of consulting, analytics, mission operations, technology, systems delivery, cybersecurity, engineering, and innovation expertise. The firm employs more than 24,000 people globally and serves a variety of U.S. government clients based in Maryland.
“Our administration is proud to support Booz Allen Hamilton as they move to a new location in Bethesda to provide a more collaborative working environment for their team,” said Governor Larry Hogan. “Investing in this new facility demonstrates the company’s continued commitment to Maryland.”
“As Booz Allen Hamilton continues to lead the way as a global leader in innovation, Montgomery County’s advantages will be increasingly important to the company’s future growth and market reach,” said Montgomery County Executive Isaiah Leggett. “With a move to Bethesda, the company gains a strategic hub in a walkable, amenity-rich urban district that will help attract the best and the brightest.”
“With our highly-educated workforce, strategic location near more than 50 federal facilities, and an economy driven by innovation, Maryland is an excellent location for a growing company like Booz Allen Hamilton,” said Maryland Commerce Secretary Mike Gill. “We are excited to support one of the most well-known and successful firms in the consulting business.”
To assist with project costs, the Maryland Department of Commerce has approved a $750,000 conditional loan through the Maryland Economic Development Assistance Authority and Fund (MEDAAF). Montgomery County is also providing a $250,000 conditional grant for costs related to Booz Allen Hamilton’s relocation.
Booz Allen Hamilton has 10 locations in Maryland. For more information visit https://www.boozallen.com/.
About Maryland Commerce
The Maryland Department of Commerce stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing financial assistance to Maryland companies. The Department promotes the State’s many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism. Because they are major economic generators, the Department also supports the Arts, film production, sports and other special events. For more information, visit commerce.maryland.gov.
