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For Immediate Release: 12/18/2012
Montgomery County, State of Maryland & City of Gaithersburg Partner to Retain Sodexo Headquarters, 567 Jobs

Montgomery County Executive Isiah Leggett today joined Maryland Department of Business and Economic Development Secretary Christian S. Johansson and Gaithersburg Mayor Sidney A. Katz to announce that Sodexo Inc. has re-signed the lease on its Gaithersburg North American headquarters building, ensuring the company and its current 567 full-time jobs will remain at the site for the next decade. In addition, the company – the leader in Quality of Life services and part of the Global Fortune 500 Sodexo Group – plans to add 50 new jobs over the next three years.

“In just the past few weeks, our Department of Economic Development has partnered with its colleagues in the State of Maryland to retain over 800 high-paying, quality jobs in Montgomery County – the latest being the 567 full-time jobs that will remain at Sodexo’s Gaithersburg headquarters,” said Leggett. “Sodexo exemplifies economic development at its best – a company headquartered in the County for almost 15 years that has now committed to stay here for at least another decade and add jobs to our local economy. We are very proud that this industry-leading corporate citizen calls Montgomery County home.”

To assist the company with expenses associated with re-leasing the facility, the State has approved a $2 million conditional loan through the Maryland Department of Business and Economic Development’s Economic Development Assistance Fund. In addition, Montgomery County has approved a grant of up to $1.5 million based on the same terms and the City of Gaithersburg has approved up to $500,000 from its Economic Opportunities fund. The company will also be eligible for other State programs, including the Job Creation Tax Credit, Enterprise Zone credits and the County’s New Jobs Tax Credit.

“Sodexo has been an important corporate partner for well over a decade, employing a large number of Marylanders and giving back to the community through the efforts of the Sodexo Foundation,” said Secretary Johansson. “By working with our partners in Montgomery County and City of Gaithersburg and Sodexo’s leadership, we are preserving nearly 600 jobs, creating 50 new jobs and ensuring that this company will continue to grow and invest in Maryland.”

“We are delighted that we could be a part of the effort to reach an agreement with Sodexo that not only preserves the presence of this global leader in Gaithersburg, but fosters opportunities for their expansion,” said Gaithersburg Mayor Sidney A. Katz. “It is important for Gaithersburg to retain a focus on preserving and enhancing the experience for existing businesses, allowing them to continue to grow and thrive in our burgeoning community.”

“Having been in Gaithersburg since 1998, and with about 60 percent of our employees living in Montgomery County and nearly 80 percent living in Maryland, we are excited to be staying in a dynamic area that we will continue to grow with and contribute to in the future,” said George Chavel, president and CEO, Sodexo, Inc. “One of the most important factors in our decision is that Maryland is a national leader in environmental initiatives and sustainable development. Sodexo is firmly committed to minimizing our impacts on ecosystems and positively impacting communities. We are proud that One Washingtonian Center is LEED® Platinum certified – the highest standard of sustainability – with innovations contributing to water efficiency, lower energy consumption and having more than 50 percent of solid waste recycled.”

 

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Release ID: 12-365
Media Contact: Kristina Ellis 240-793-9568

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