Four years ago, Virginia's attorney general, Bob McDonnell, was in the final days of his gubernatorial campaign with the slogan "Bob's for Jobs," a promise he kept when he was elected and joined with Lieutenant Governor Bill Bolling to make jobs a number one priority. Four years later, Governor Bob McDonnell continues to bring new opportunities to Virginians.
On Wednesday the governor announced 400 jobs for Fairfax County with Cvent (NYSE: CVT), a leading cloud-based event management platform that recently went public. Virginia competed with neighboring Maryland for the project that will move its headquarters to Tysons Corner and, according to the press release, will create 400 new jobs in three years and retain 451 jobs.
As the governor made the announcement, he commented:
“As a corporate citizen that has called Virginia home since 1999, it is tremendous news that Cvent will continue to grow in Fairfax County with this headquarters expansion. The company benefits from the large, well-educated labor pool in the region that provides a qualified workforce, and the available site located on the new Silver Line Metro route is an ideal location that meets Cvent’s needs and allows room for future growth. We welcome 400 new jobs and celebrate the company’s Fairfax employee base of more than 450 that will continue to thrive in Virginia.”The Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority to secure the project for Virginia. Governor McDonnell approved a $1 million grant from the Governor’s Opportunity Fund to assist Fairfax County with the project.
Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the company’s recruitment and training activities. Cvent will lease about 130,000 square feet of space at 1710 Solutions Drive, and plans to invest $7 million to expand its headquarters operations. The company plans to move in the latter half of 2014.
More information is available at the governor's website.