Austrian life sciences firm Ringana has made the United States the target of its next international expansion push, but first it needed a U.S. corporate headquarters to operate from. It has found the perfect location, and you won't be surprised to hear it is not in Montgomery County, or even within the state of Maryland. You also won't be surprised to learn that Virginia is once again the winner in this latest corporate HQ sweepstakes. That's right: 435 jobs are on the way from the Österreich to 2797 Frontage Road NW in Roanoke, Virginia. The former Johnson & Johnson site will not only house corporate offices, but also a manufacturing facility and a distribution center.
The deal was apparently secured when Virginia Governor Abigail Spanberger invited Ringana corporate leadership to meet with her personally this past February. In contrast, Maryland Governor Wes Moore has failed to turn his supposedly-massive Rolodex of Wall Street, Hamptons, and Martha's Vineyard business contacts into a single major corporate headquarters win. After an awkward few months dominated by divisive partisan politics, Spanberger seems to have found the blueprint left behind by her Democratic predecessors, who have typically been as successful in attracting corporate headquarters as their Republican counterparts.
“RINGANA’s decision to establish its first U.S. facility in Virginia underscores the Commonwealth’s reputation as a welcoming, premier destination for international investment,” Spanberger said in a statement. “With our world-class workforce, strong apprenticeship and career training programs, and unwavering commitment to supporting global companies in a global marketplace, Virginia offers the ideal environment for businesses to grow and succeed in the United States. We are excited to welcome RINGANA to Roanoke and look forward to the hundreds of career opportunities this partnership will create for Virginians.”
We should take note of the site chosen by Ringana. Look how close it is to Roanoke-Blacksburg Regional Airport, which has connecting flights to Dulles International Airport. Also nearby is Interstate 81, a major freight trucking route connecting Tennessee and Canada. Once again, Virginia tax advantages join with infrastructure to hand Maryland and Montgomery County yet another economic development loss. MoCo and Maryland elected officials will tell you with clownish pride that "we don't do highways," and that they will never allow construction of the long-delayed new Potomac River crossing to the Dulles area.
Now before we get too carried away, I don't want to overhype Ringana. We should be focused on major corporations, especially on aerospace, biotech, defense, and technology firms. Ringana is not a Fortune 500 company. But it has enjoyed $245 million in annual revenue, and 30% year-over-year revenue growth. It will be investing $85 million in Virginia and its people and communities. The Roanoke Regional Partnership is already working to connect local businesses that can provide services to Ringana with the company's leadership.
Beggars can't be choosers. Montgomery County and Maryland once again are left holding their nearly-empty begging cups.
Armand's Pizzeria and Grille is closing at 190 Halpine Road in Rockville. After over 51 years in business, the restaurant's co-owners announced on Instagram that they will permanently shut their doors after the close of business on June 20, 2026. This is your last chance to get a slice of Armand's pizza. But it's also another chance to see what the anti-business policies of the Montgomery County Council, and the resulting moribund Montgomery County economy, have wreaked on our business community and underfilled County revenue coffers.
WTOP reporter Luke Lukert wrote that "due to financial reasons and a struggling environment for small businesses, they will have to shut their doors." Lukert interviewed Armand's co-owner Chris Sappe, who told him,"Montgomery County is a tough place to have a family-owned business with minimum wage increasing." Along with recent hikes in ingredient and fuel costs, Sappe said, they had to make the difficult decision to close.
Let's again spin one of the greatest hits recorded by Peter Gragnano of the Suburban Washington Franchise Owners Association, when he and many other business owners and advocates pleaded with the Council not to move forward with their massive minimum wage hike in June of 2016. "That's a lot of extra Slurpees to sell," Gragnano said in the quote of the night. Did the Council heed these warnings? Nope.
Remember the Council's brilliant idea to index the minimum wage to inflation beginning in 2021? Yep, that one hasn't aged well, either. One businessman warned the Council that if inflation spiked as it did in the late 1970s and early 1980s, "there won't be a way to wash a dish in a restaurant." This is the man you should now be asking to generate your lottery numbers! Inflation spike? In America? The County Council clearly does not share that businessman's Kenny Kingston-esque foresight.
Another one of the brilliant minds in the business realm of Maryland is Maddy Voytek, who in 2016 was working at the Maryland Retailers Association. She noted that Montgomery County had already lost 2141 retail jobs between 2000 and 2016. Voytek told the Council that adoption of the $15 wage would "devastate our economy."
What we've seen most recently, as all of these dire predictions came true, are more closings of older businesses. Community institutions. Businesses like Armand's or Flanagan's in Bethesda. Businesses that have survived wars, recessions, and the 2008 "Great Recession," only to be felled now by the incompetents on our County Council. Something is rotten in the County of Montgomery. Have the smelling salts reached your nostrils yet?
