Discovery Communications will expand its main headquarters in downtown Silver Spring through a renovation project that will receive state and local aid, reports Bethesda magazine, which added that the state of Maryland “announced the company is moving 230 employees to its corporate base and is spending $10 million on renovating its campus at Georgia Avenue and Colesville Road. The company expects to finish the improvements next year for the arrival of these employees, who are currently based at Discovery’s creative and technical center on Kennett Street in Silver Spring.
““Our administration is proud to support Discovery Communications’ continued commitment to Maryland as they expand their headquarters and consolidate their company,” Gov. Larry Hogan said in a press release.
“To help with the renovation project, the Maryland Department of Commerce is offering the company a $625,000 conditional loan from the Maryland Economic Development Assistance Authority and Fund, the release stated. The county is also pitching in with a $375,000 grant from its economic development fund.
““We are thrilled that Discovery Communications will further consolidate its operations in our community and expand its international media reach from Montgomery County,” County Executive Ike Leggett said in a prepared statement.
“Discovery, the media company behind the Discovery Channel, TLC and the Animal Planet, established its headquarters in Silver Spring in 2003 and employs 1,300 people full-time in Maryland. Some have wondered if Discovery will move its headquarters following its July announcement that it would acquire Scripps Networks Interactive, a Tennessee-based company that produces HGTV and the Food Network. The $14.6 billion deal is expected to close early next year, according to the corporate press release.
“A Discovery spokeswoman said the renovation announcement is separate from decisions about how the company will operate after the merger.”