Discovery Communications To Expand Corporate Headquarters in Silver Spring
Media company gets state, county aid for $10 million renovation project
Discovery Headquarters in Silver Spring
This story was updated to clarify that Discovery Communications has not made a decision about the location of its corporate headquarters following its merger with Scripps Networks Interactive.
Discovery Communications is planning to expand its main headquarters in downtown Silver Spring through a renovation project that will receive state and local aid.
The state on Wednesday 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.
“This announcement is about the consolidation and renovation of our Silver Spring headquarters, and part of our ongoing commitment to lead the industry in the use of state-of-the-art technology. The negotiations with the state and county are unrelated to and predated the Scripps transaction, which is not expected to close until early 2018. No decisions have been made related to integration of the two companies,” the company said in a statement.