RICHMOND - Governor Jim Gilmore today announced that Centrivity, a start-up technology company, will locate its operations in Herndon, Virginia. Through an initial commitment of approximately $3 million from its founders, Centrivity will initially employ 45 people. Within three years of operation, it is expected that employment will grow to more than 300 employees. Centrivity is associated with a portfolio of companies, including Digicon Corporation, which is headquartered in Rockville, Maryland.
RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the economic results for Fiscal Year (FY) 2014, which ended June 30. In 1995, the Virginia General Assembly created the VEDP to better serve those seeking a prime business location and increased trade opportunities, and, therefore, to foster increased expansion of the Commonwealth's economy.
VEDP-assisted projects generate a steady revenue source for the Commonwealth, increasing its ability to fund the important needs for Virginia’s citizens.
Industrial IoT solutions leader will invest in significant new job creation and office space expansion
RICHMOND - Governor Bob McDonnell announced today that GSI Commerce, a leading provider of ecommerce and interactive marketing solutions, will invest approximately $1.5 million to expand in Henry County. The leased fulfillment facility will create more than 60 new jobs.
RICHMOND - Governor Terry McAuliffe announced today that Bayshore Concrete Products, a subsidiary of Skanska USA and producer of quality precast concrete products, will invest $4 million to expand its operation in the Town of Cape Charles in Northampton County. The company’s investment in harbor infrastructure improvements will create 135 new jobs and will allow Bayshore to precast larger concrete components and ship them to customers for transportation and major infrastructure projects.
AFL to invest $1.3 million in manufacturing operation
McLEAN - Governor Bob McDonnell announced today that Intelsat, the world’s leading provider of satellite services, plans to move its U.S. headquarters from Washington, D.C., to Fairfax County. Upon relocating in mid-2014, Intelsat will move at least 430 employees to Virginia.
Intelsat will lease approximately 188,000 square feet of space in Tysons Tower, a 20-story, state-of-the-art office building that is being built by Macerich (NYSE:MAC) at Tysons Corner Center.
RICHMOND - Governor Terry McAuliffe today announced that Favor TechConsulting, LLC (FTC), a leading provider of IT solutions to the federal government, will invest $1.65 million to expand in Virginia and establish its principal headquarters in Fairfax County. The company will fulfill additional contracts with federal agencies, creating up to 1,200 new jobs over five years.
Plan details strategies to position the Commonwealth and Central Virginia for faster growth
RICHMOND - The Virginia Economic Development Partnership (VEDP) announced today that it has completed a five-year (FY19-FY23) Strategic Plan for Economic Development of the Commonwealth, as required by the Code of Virginia as part of VEDP reforms enacted by state leaders earlier this year.
$1.76 million in site Remediation Grants from the Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund will be awarded to six localities.