Wednesday, October 13, 2010

More Jobs in GeoEye

GeoEye Inc. plans to move its headquarters from Loudoun County to Fairfax County and add 100 jobs over the next three years, according to the report.

GeoEye, an imagery expert in the geospatial industry, outgrew its offices in Loudoun and needed a building that could handle anticipated future growth. This year, Fortune magazine named GeoEye as one of its 100 Fastest-Growing Companies in the U.S.

The new headquarters will include the company’s 230 Virginia-based employees. The company will spend $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-percent revenue growth from fiscal 2008 to 2009,” Matt O’Connell, GeoEye’s CEO and president, said in a statement. “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.”

Virginia competed with Colorado and Maryland for the investment.

Gov. Bob McDonnell approved an $84,000 grant from the Governor’s Opportunity Fund to help Fairfax with the project.


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