K2M Brings 97 New Jobs To Loudoun County’s Leesburg
Wednesday, December 17, 2014
Governor Terry McAuliffe has announced that K2M Group Holdings, Inc., a global medical device company, will relocate its global headquarters and research and development operations to a new 146,000-square-foot facility in the Town of Leesburg in Loudoun County. The approximately $28 million project is expected to create 97 new jobs and retain 268 jobs, and will be funded through contributions from Trammell Crow Company, Keane Enterprises, Inc., and K2M, as well as the Town of Leesburg, Loudoun County, and the Commonwealth.
Speaking about the announcement, Governor McAuliffe said, “This is a significant win for Virginia to retain a 10-year corporate partner that will continue to operate its headquarters and light manufacturing operation in Leesburg and Loudoun County. Creating these high-tech jobs of the 21st century is key for building a new Virginia economy. We are confident that this tremendous project will encourage the future growth and viability of K2M.”
“K2M is a high-quality employer in Leesburg and Loudoun County, and this project was a priority to ensure that the company could grow in Virginia,” said Maurice Jones, Virginia Secretary of Commerce and Trade. “We are pleased that K2M will continue to thrive in the Commonwealth, and remain ready to do what we can to help facilitate the company’s growth and success.”
“K2M recently celebrated its 10-year anniversary at its global headquarters in Leesburg, Virginia with a core mission to innovate technologies for spine surgery. Loudoun County has been an ideal location to attract excellent high-quality employees. The proximity to Dulles Airport has been critical to our international shipping and travel requirements,” stated Eric Major, K2M's Co-Founder, President and CEO. “When exploring options for the company’s new headquarters and light manufacturing facility, the town was an obvious choice. We have deep Virginia roots, and we are proud to be a success story for the Commonwealth.”
The Virginia Economic Development Partnership worked with the Town of Leesburg and Loudoun County to secure the project for Virginia. Governor McAuliffe approved a $450,000 grant from the Governor’s Opportunity Fund to assist Loudoun County with the project. The Governor also approved a $400,000 performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies. Additional funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
“K2M has proven to be an outstanding corporate citizen, and we’re pleased that they will continue to invest in Loudoun County,” said Chairman of the Loudoun County Board of Supervisors Scott K. York. “K2M launched our Small Business Development Center’s business plan competition, they are a long-term sponsor of the Loudoun County Fair and Loudoun 4-H, and they have also sponsored three STEM Summits for Loudoun girls. We’re proud of the many contributions like these that K2M has already made, and will continue to make, to Loudoun County’s success.”