US: GeoEye plans to move its headquarters from Loudoun County to Fairfax County in the US and add 100 jobs over the next three years. The move follows after Fortune magazine identified GeoEye as one of the 100 Fastest-Growing Companies in the US.
The new headquarters will include the company’s 230 Virginia-based employees. The company will spend USD 10 million to move to the headquarters at the Dulles Corner Office Center. The move is expected to take place in early 2011.
“GeoEye has experienced tremendous growth over the past 13 years; our satellite imagery business helped fuel our 84-per cent revenue growth from fiscal 2008 to 2009,” said, Matt O’Connell, GeoEye’s CEO and President. “This move reflects the continuing growth of our company and it is an important strategic step toward reinforcing our position as a premier provider of satellite and aerial geospatial information technology and services.”
Governor Bob McDonnell approved a grant of USD 84,000 from the Governor’s Opportunity Fund to help Fairfax with the project.
Source: Virginia Business