Argan moves corporate HQ from Montgomery County to Arlington, Virginia

Montgomery County has lost yet another corporate headquarters to Northern Virginia. Argan, Inc., announced yesterday that it has relocated its HQ from 1 Church Street in Rockville to Two Liberty Center in Arlington. The telecommunications and power industry service provider was founded in Rockville over two decades ago. Argan cited the new location's direct access to Dulles International Airport as one of the primary reasons for the move. The firm's stock price doubled, and surged 33% in two days at one point in 2024, and is up about $10 since then, to $104.05 as of this morning.

It's no surprise that Argan, like so many companies, is heading for greener pastures across the Potomac. Montgomery County and Maryland leaders have defiantly refused to construct the long-planned bridge across the river that would provide our own direct connection between the I-270 corridor and the Dulles area. Dulles is the only airport in the region that provides the frequency and variety of direct flights to global destinations demanded by international businesspeople. And let's fact it: Virginia's lower taxes, fewer regulations, and status as CNBC's "Top State for Business in America" certainly didn't hurt. 

Northern Virginia has other advantages for a firm that primarily deals with power plants and telecommunications infrastructure. Maryland leaders have forced the closure of 8 power plants since 2012 alone, and the state is now forced to import 40% of its electricity from out-of-state at higher prices to avoid rolling blackouts. 70% of internet traffic around the globe flows through data centers in Northern Virginia. And the Old Dominion has invested far more in highway, air transport, railroads, and ports than Maryland. It's no wonder Montgomery County has failed to attract a single new major corporate HQ in over 25 years.

"We are thrilled with the move to our new headquarters location in Arlington, Virginia," Argan CEO David Watson said in a statement. "We believe the location and layout will accommodate the Company’s continued growth, improve recruitment and retention of employees, and facilitate greater collaboration and a more productive overall work environment. The Washington metro area has a dynamic and robust economy with a quality workforce, and we look forward to leveraging our new location to enhance the experience of Argan’s current and future employees, partners and customers. The Company’s more than 22 years in Rockville, Maryland where Argan was founded, have been both meaningful and productive, and we look forward to continuing our success in our new home in Arlington."

Dumpling District opens in Germantown

Dumpling District is now open at 19775 Frederick Road in Germantown. Despite the name, they serve more than just dumplings. On the menu, you will find authentic homemade dumplings, dim sum, traditional Shanghainese cuisine, and Szechuan specialties. The restaurant is located in the space vacated by Bonchon at the Fox Chapel Center. You can tell a bit about a restaurant by the cars parked outside of it. The Chevrolet Camaros and Teslas outside of Dumpling District indicate that cool people are dining here.

Suspect arrested for armed robbery at CVS Pharmacy in Germantown

Montgomery County police have arrested a suspect in the February 28, 2025 armed robbery of a CVS Pharmacy in Germantown. The robbery was reported at 9:30 AM that morning at the CVS store at 19901 Frederick Road. According to police, the suspect displayed a weapon and stole merchandise from the store before fleeing. The type of weapon utilized has not been identified by police.

Police have arrested Leon Budd, 38, of Gaithersburg. Maryland court records indicate Budd has been charged with felony robbery, 2nd-degree assault, and theft under $1500. He is being held without bond. A preliminary hearing in the case has been scheduled for March 28 in Montgomery County District Court in Rockville. 

Montgomery County goes green...with envy of Loudoun County

The Montgomery County Council is all-but-certain to hike property taxes on residents again in the fiscal year starting this July. They've done it every year in recent times, except for a paltry average $12 "tax cut" in the election year of 2014. By contrast, Loudoun County, Virginia across the river will be delivering a property tax cut to residents there this year. The difference? Not only more business growth and jobs created than Montgomery County over the last decade, but its new position as "data center capital of the world," The Washington Post reported earlier this week.

A shocking new statistic emerged in the Post report on the budget situations in the five biggest counties in Northern Virginia. Loudoun County's data centers generate a full 38% of that county's total revenue. Data centers are often criticized for representing very few jobs, as staffing is minimal at each. But they clearly generate bigtime revenue.

Of course, these data centers require massive amounts of electricity, something Montgomery County and Maryland lack because our elected officials ordered the closure of 8 coal-fired power plants across the state since 2012. High-wage jobs are something else MoCo lacks, as it has failed to attract any new major corporate headquarters in over 25 years. Heckuva job, Brownie! 

While I would rather see an aerospace research facility, or a major defense firm headquarters fill our underutilized and vacant office parks, imagine if there was a data center on each of the office properties among those that have been converted to luxury townhomes in recent years. Residential housing is a revenue loser for the County, as our structural budget deficit proves. Data centers are a revenue winner, as homeowners in Loudoun County will be delighted to tell you, when they receive their FY-2026 property tax cut.

Montgomery County minimum wage to increase by 50 cents on July 1, 2025

Montgomery County's minimum wage is set to increase on July 1, 2025, reflecting the region's inflation rate, as mandated by County law. The adjustments will see a 50-cent per hour increase across all employer sizes. Effective July 1st, large employers (those with 51 or more employees) will be required to pay a minimum wage of $17.65 per hour. Mid-size employers (11-50 employees) will see their minimum wage rise to $16 per hour, and small employers (10 or fewer employees) will be required to pay $15.50 per hour.

The wage increase is directly tied to the 2.9 percent rise in the consumer price index for all urban wage earners and clerical workers in the Washington, D.C.-Arlington-Alexandria area in 2024. This increase over the 2.8 percent seen in 2023 triggered the adjustment, which the County says ensures the local minimum wage maintains its purchasing power in the face of rising costs.

“Raising the minimum wage to account for inflation is an important step in ensuring that all Montgomery County workers can earn a fair wage that supports their well-being,” Montgomery County Executive Marc Elrich said in a statement. “As the cost of living continues to rise, this increase helps workers and families keep pace while also benefitting local businesses by putting more money back into our community. By indexing the minimum wage to inflation, we are providing a long-term solution that adjusts to economic conditions, making sure that working people are rewarded fairly for their contributions and that our local economy stays strong and resilient.”

County estimates state that this minimum wage increase will boost the income of those receiving the minimum wage by $1,040 this year. The minimum wage law was passed by the Montgomery County Council in 2017, and was spearheaded by Elrich, who was a Councilmember at that time.

BigBear.ai moves HQ from Maryland to Virginia

Oh, no, not again! Moribund Maryland has just lost yet another corporate headquarters to Virginia. BigBear.ai has moved its HQ from Columbia, Maryland to a Class A trophy office building in Tysons, Virginia, The Business Journals reports. Its new address is the Valo Park building at 7950 Jones Branch Drive. The move caps off a month of great news for the company and its investors. It not only picked up coveted new contracts from the Army and Navy, but hired a new CEO who was a high-level adviser to President Donald Trump, giving it an edge in any DOGE-sizing at the Pentagon.

Valo Park not only enjoys easy access to I-495, but its website notes it is only a 15-minute drive from Dulles International Airport. No Montgomery County or Maryland business can make that claim, as leaders of both jurisdictions for decades have blocked construction of the long-planned I-370 Potomac River crossing to the Dulles area. Montgomery County hasn't attracted a single major corporate headquarters in over 25 years, and Maryland's record is about the same. Both have lost many HQs to Virginia, among other states, and now the trend continues to play out. Tysons is the happening place to be; you can feel the energy just driving through on the Beltway, among all of the neon corporate logos that light up the night. Montgomery County is Sleepy Town, a bedroom community for the booming job centers elsewhere in the region - such as Tysons!

The loss of BigBear.ai is particularly humiliating for Maryland, as Governor Wes Moore has stated that artificial intelligence is one of the key economic sectors he wants to grow. Alas, Maryland not only has much higher taxes, but much less electricity generation capacity, after the Democrat-controlled Maryland legislature forced the closure of 8 coal-fired power plants. They apparently were unaware that artificial intelligence requires massive amounts of energy. Virginia has that capacity, while Maryland has to import expensive electricity from out-of-state at boardwalk prices just to keep the lights on. We're being governed by very stupid people, folks. Heckuva job, Brownie!

Montgomery County to lose more jobs to housing in I-270 corridor

Another valuable Montgomery County office park property could be lost to residential housing, if the City of Rockville approves a proposal to convert it into condos and townhomes. 1455 Research Boulevard, one of many office sites located in the I-270 corridor of the County, would become 106 townhomes, 30 stacked condo townhomes, and 72 multifamily condo units, under the plan envisioned by developer Pulte. The company is building several similar developments in the City, including within the new Farmstead community, as well as in the King Farm, and Tower Oaks areas. Pulte's site plan is likely to be reviewed at a public hearing by the Rockville Planning Commission in summer or fall of 2025.

The existing office building, which was only constructed
about 30 years ago

The existing office building contains 17 office suites, 10 of which are currently leased, according to the property website. So the building is 59% leased. The property is 10.6 acres in size, meaning that it would still be ideal for a corporate headquarters, or a research, lab, and/or manufacturing facility, if the existing building were torn down for that purpose. It is directly adjacent to I-270. To state the obvious, all of the jobs currently provided by the current tenants of the building will likely be lost to the City and County in a conversion to housing. And the many more potential, high-wage jobs that could fill this office park site - and the resulting revenue - will never be realized.

Pulte's proposed redevelopment plan
for residential housing

From a County revenue standpoint, filling the current building, or replacing it with a major corporate headquarters or facility, would be more ideal than filling the site with residential housing. That's because residential housing, as we have seen this century, generates more costs in County services and infrastructure demands than it does in tax revenue. Hence the County's structural budget deficit, which extends as far into the future as the forecasts go. And do you remember "smart growth," which included placing jobs near housing, to reduce congestion and auto emissions in the I-270 corridor? Neither do the County Council and Planning Board, which don't even talk about "smart growth" anymore, having abandoned its fictional, expedient construct for the equally-fictional canards of "affordable," "attainable," "equity," "inclusionary," and "missing middle" - all code words bandied about in a nationwide campaign to allow upzoning for higher-density luxury housing in existing suburban neighborhoods.

Office, research, manufacturing and commercial uses, in contrast, generate less traffic and require no additional school capacity, for example. The problem is that the Council has driven the County's economy into the ditch over the last 23 years, through radical anti-business policies, and a failure to provide the necessary infrastructure to compete with Northern Virginia, such as direct highway access to Dulles International Airport via a new Potomac River crossing. Montgomery County has not only lost every competition for major corporate headquarters to Virginia during this time, but is most often not even in the hunt for these opportunities.

As a result, Montgomery County has failed to attract a single major corporate headquarters in over 25 years. While MoCo leaders slumbered this century, Virginia added the HQs of Northrop Grumman, Intelsat, Hilton Hotels, Nestle, Lidl, Gerber, Volkswagen, Corporate Executive Board, Amazon HQ2, CoStar, Lego, and more. And those are just ones we lost to Virginia! 

Montgomery County has been left to spend large sums just to retain some of the HQs it had, like Marriott International, Choice Hotels, and GEICO, all of which have downsized when making their moves. In addition to such rearrangements of the deck chairs aboard the Titanic, Montgomery County has lost still other HQs that it had altogether. While the Council argued about the legality of circus animals one week last decade, representatives of New York City and Knoxville were completing final, secret negotiations that sealed their victory in snatching away the Discovery Communications HQ from downtown Silver Spring.

Obviously, property owners such as those at 1455 Research Boulevard can't be blamed for all this. They, understandably, are not going to simply wait for a future ousting of the Montgomery County cartel from power to maximize their investment. So we are likely to end up with more residential housing at this site. The Council is not sad about that, as their developer sugar daddies want them to keep Montgomery County bad-for-business, so that prime office park sites can become residential housing sites instead. Virginia prepares and markets such office/industrial properties extensively to international businesses, and reaps the spectacular results; Montgomery County just waits for someone to build housing on them. Too bad that Montgomery County residents will continue to shoulder the increasing tax burden to make up for all of this lost business and commercial revenue. Heckuva job, Brownie!

Maryland bill would force hunters to use "non-toxic" ammunition

Democratic lawmakers in the Maryland General Assembly are seeking to ban the use of lead ammunition by hunters in the state. House Bill 741 and Senate Bill 634 would mandate that hunters of any type of game in Maryland utilize "non-toxic" ammunition by no later than July 1, 2029. "Non-toxic" ammunition is defined in the bills as ammo containing 1% or less lead content. The bills would also alter the definition of "hunt" to no longer exclude "the sport of fox chasing."

The Sportsmen's Alliance, an organization representing the interests of individual hunters, anglers, and trappers, opposes the bills. It warned of the economic damage such a ban would have in Maryland. "Hunters contribute $328 million to the economy, directly support over 4,100 jobs, and provide over $29 million to state and local taxes," the Alliance noted in a statement. "This is a loss the Old Line State cannot afford." The Maryland Senate Education, Energy, and the Environment Committee will hold a hearing on the Senate bill on March 4, 2025 at 1:00 PM.

Photo courtesy Maryland Department of Natural Resources