Governor Bob McDonnell announced Wednesday that the Washington Redskins will retain its corporate headquarters in the Commonwealth and will continue its investment to expand and improve the training facility in Loudoun County. In addition, the Redskins will begin working with the City of Richmond to identify a suitable training camp site to hold summer practice in Richmond, starting in 2013.
The Washington Redskins are the only national sports franchise based in Virginia, and the team has a major economic impact on the Commonwealth. Recent data shows that the team supports 1,832 jobs in the state, directly and indirectly. The squad generates nearly $200 million in economic activity in Virginia and over $100 million annually in player salaries, and provides $9.8 million annually in state and local tax revenue. Expansion of the training facility is estimated to support 393 jobs during construction, while generating $52.8 million in total economic activity. The existing corporate headquarters supports, directly and indirectly, 350 jobs and provides $2.2 million in state and local tax revenue, not including the corporate income tax paid by the team. The headquarters is visited by 20,000 individuals a year who spend approximately $3.4 million on goods and services during their visits.