Dulles Tech corridor soon will miss the presence of its big employer: AOL. The big brass at AOL decided that it's to the best of the company to move its headquarters from Dulles in Washington DC to New York. Because Madison Avenue in NYC, is the mecca for advertising business, and advertising dollars is heavily concentrated there. That's what they think.
AOL's decision to move its corporate headquarters to New York from Dulles, Va., is the most visible step by the online company to transform itself from an Internet-subscription business into a digital ad-sales firm.
From its base in Dulles, AOL became one of the first Internet giants, selling consumer access to the Web. But with that business dominated by phone companies and cable operators, AOL is focusing on selling targeted digital ads on a network of its own Web sites as well as other digital venues, including rival Web sites, online video and mobile devices.
Housing and jobs are inter related. The move will affect Loudoun county and Dulles tech local economy, including commercial and residential real estate. AOL has a big campus here, what will happen to its campus if they leave?
Not sure what will happen to the 4,000 employees. More houses going to be on the market soon, if some of the employees relocated with the company, then?
We will see.