CoStar Group
Jobs: 732 | Investment: $8 million


In October, Governor McAuliffe announced that CoStar Group will invest $8 million and create 732 new jobs to establish a research and software development center in the City of Richmond. 

Founded in 1987, CoStar Group is the leading provider of commercial real estate information and marketplaces combining research, technology and powerful marketing to connect commercial real estate professionals with the data, insights, networking and leads they need to succeed. The company’s suite of brands includes CoStar, Apartments.com, LoopNet, LandsofAmerica and BizBuySell, to name a few, and serves as the primary source of business intelligence and communities that fuel the real estate industry. Headquartered in Washington, D.C., CoStar maintains offices throughout the U.S. and in Europe and Canada with a staff of approximately 3,000 worldwide, including the industry’s largest professional research organization.

VEDP worked with the City of Richmond and the Greater Richmond Partnership to secure the project for Virginia. Governor McAuliffe approved a $4 million grant from the Commonwealth’s Opportunity Fund to assist Richmond with the project. CoStar Group is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.

Microsoft Corporation
Jobs: 44 | Investment: $251 million


Microsoft announced plans for its fifth expansion in Mecklenburg County this past November. The company will invest $251 million to expand its data center site and increase capacity, creating 44 new jobs. This expansion brings Microsoft’s capital investment to more than $1.9 billion for its Southern Virginia facility, which opened in 2010.

Microsoft is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.

VEDP worked with Mecklenburg County to secure the project for Virginia. Governor McAuliffe approved a $500,000 grant from the Commonwealth’s Opportunity Fund to assist Mecklenburg County with the project. The Virginia Tobacco Region Revitalization Commission approved $970,000 in Tobacco Region Opportunity Funds for the project.

OVH
Jobs: 54 | Investment: $47 million


Europe’s leading cloud provider, OVH, will invest $47 million to establish its North American headquarters and first U.S. data center in Fauquier County.

Founded in 1999 in France, OVH has a long history of innovative technologies building its data center offerings from the processor up, leveraging technology partnerships with Cisco, Intel, Microsoft and VMware, among others. Today, OVH provides cloud infrastructure as a service with products including bare metal and virtual servers, networking, private cloud solutions and more. OVH operates 250,000 physical servers in 17 data centers and deploys its own fiber optic network of 7.3 Tbps bandwidth through three continents. OVH’s unique expertise and strong offerings drive its rapid growth which leads the company to deploy new data centers and network points of presence around the world. OVH customers range from web startups to global enterprises including Zipcar, Rogers, and Michelin.
The Virginia Economic Development Partnership worked with Fauquier County to secure this project for Virginia. Governor McAuliffe approved a $1.25 million grant from the Commonwealth’s Opportunity Fund to assist Fauquier County with the project. The company will also be eligible to receive sales and use tax exemptions on equipment. Funding and services to support the company’s employee training activities will also be provided through the Virginia Jobs Investment Program.

Lyft
Jobs: 32 | Investment: $350,000


Lyft, a San Francisco-based transportation network company, will establish a Mid-Atlantic regional headquarters operation in Arlington County. Governor McAuliffe met with Lyft officials at the corporate headquarters in San Francisco during his March 2016 Marketing Mission.

Lyft was launched in 2012 as an affordable ride-sharing service that helps commuters share rides with friends, classmates, and coworkers. Through the Lyft smartphone application, users are matched with local drivers at the tap of a button. Lyft is currently available in more than 200 U.S. cities, including many in Virginia.

The Virginia Economic Development Partnership worked with Arlington County to secure the project for Virginia.

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