ARLINGTON, Va.- Governor Mark R. Warner today announced that BNA, Inc., a wholly employee-owned publisher of print and electronic news, will invest $110 million to relocate its headquarters from Washington, D.C., bringing more than 1,000 jobs to Arlington County's Crystal City.

"The positive work environment that BNA has created for its employees and the company's solid business ethics make it an excellent fit for Virginia," said Governor Warner. "BNA's move to the Commonwealth underscores one of many Virginia advantages: the ability to offer headquarters firms an excellent cost of doing business."

BNA's new headquarters will be located at 1801 S. Bell Street, in one of Arlington's most sought-after urban districts, Crystal City. The headquarters location will offer a wealth of transit options: the building is adjacent to the Crystal City Metro station, and all the region's major transportation systems converge within blocks of the building. It is also linked directly to Arlington's 86 miles of paved, off-street walking and bike trails, and is steps away from the many dining and entertainment options found along Crystal Drive, Crystal City's newly-revitalized urban "Main Street".

"Arlington is delighted to welcome BNA to Crystal City," stated Arlington Board Chair Jay Fisette. "We feel that their new Crystal City location will provide them with the best that Arlington has to offer: a great location, access to Metro and other mass transit, and wonderful amenities like Crystal City's new restaurants and shopping. Their Arlington location will provide employees access to the top schools in the nation, and some of the most beautiful neighborhoods in the region, with hundreds of bike and walking trails."

BNA, Inc. is a leading publisher of print and electronic news and information, reporting on developments in business, labor relations, law, health care, economics, taxation, environmental protection, health and safety, and other regulatory and public policy areas. BNA produces more than 200 news and information services, in a range of print and electronic formats. Subsidiary companies Tax Management Inc., BNA International Inc., Institute of Management and Administration, Inc., and Kennedy Information, Inc. reach into different segments of the market place with the same brand of essential information that has become the hallmark of the parent company.

Other subsidiaries deliver complementary services, like interactive forms for electronic products (STF Services Corporation), and high-end commercial printing (The McArdle Printing Company). Headquartered in the nation's capital for more than 75 years, BNA is the oldest wholly employee-owned company in the United States.

"This is an historic step for BNA," said BNA CEO Paul Wojcik. "But moving to Virginia is a step that promises to yield tremendous benefits for BNA as a company as well as for BNA's employee-owners. As a major media organization reporting on Washington, we will continue to have our sights firmly fixed on the workings of government, and Crystal City affords excellent access to the major government agencies we cover. We look forward to 2007."

In Crystal City, BNA will consolidate more than 1000 reporters, editors, and attorneys, as well as technical, marketing, sales and support professionals, under one roof. BNA's Washington operations are now spread across the company's three buildings at 1227, 1229, and 1231 25th Streets, N.W., as well as in leased space at 1250 23rd Street, N.W. The Crystal City building also will afford the company space for future growth.

'We are very excited about BNA relocating to Crystal City. Like the PBS relocation, BNA's intention to move to Crystal City validates the transformation of Crystal City and its appeal as a corporate headquarters location.' said Mitchell N. Schear, President of Charles E. Smith Commercial Realty, a division of Vornado Realty Trust.

Arlington, Virginia is a world-class residential, business, and tourist location in the country's most influential region, Washington D.C. Home to some of the most powerful organizations in the world, corporate leaders have made Arlington a hub for telecommunications, information technology, defense electronics and other industries. Arlington maintains a rich variety of stable neighborhoods, quality schools and enlightened land use, and was granted an award for its practices of "Smart Growth" by the Environmental Protection Agency in 2002. Arlington stands out as one of America's preeminent places for living, visiting and doing business.