Engineering, construction and project management firm Bechtel Corp. is planning to invest $10 million to relocate its Maryland operations to Virginia, creating 700 jobs.
Gov. Terry McAuliffe said Wednesday that Bechtel will move from Frederick, Maryland, to Fairfax County and expand its presence there.
Bechtel has about 53,000 employees that work with customers, partners and suppliers on diverse projects in nearly 40 countries.
It moved its global operations headquarters to Reston in 2011. Bechtel's corporate headquarters are in San Francisco.
McAuliffe approved $4 million from the Virginia Economic Development Incentive Grant fund and $500,000 from the Governor's Opportunity Fund for the project.
The Virginia General Assembly allocated $27 million to the Governor's Opportunity Fund in a state budget lawmakers approved last week.