Anchor Innovation, Inc. Expands Marine Maintenance and Repair Services Adds 15 New Jobs in Virginia Beach
September 20, 2016
Anchor Innovation, Inc., a service-disabled veteran owned small business with 42 employees nationwide, will expand their small craft maintenance operations within Virginia Beach. As part of the expansion, the company will create 15 new jobs. In addition to their marine maintenance and repair services, the company provides technical services in consulting, management, repair, maintenance, logistics and operations support to force protection/antiterrorism, port operations and special warfare organizations within the Department of Defense. Anchor Innovation, Inc. was established in 2002 in San Diego and moved its headquarters to Virginia Beach in 2006. They maintain a satellite office in San Diego to support their technical and consulting services. Anchor Innovation, Inc. has purchased 532 Central Drive a 9,432-square-foot building that will support the growth of their small craft maintenance and repair business. Anchor will be adding technicians and mechanics at the new facility, and the company will also add Navy simulator flight instructors at NAS Oceana. The new personnel annual salary will average $80,000.The Virginia Beach Development Authority has approved an Economic Development Investment Program (EDIP) grant in the amount of $55,000 based on the number of jobs created. Additionally, Anchor Innovation, Inc. will make a capital investment of $825,000 for real estate, fixtures, equipment, machinery and tools. "Anchor is thankful for the Virginia Beach Economic Development office's help in finding a facility that enables the continued growth in our marine services business line, said Anchor's President Chris Powell. "The EDIP program demonstrates the City's dedication to foster small business growth." "Anchor Innovation, Inc. is the type of small business we want to retain in Virginia Beach," said Virginia Beach Economic Development Director Warren D. Harris. "These are high paying, technical jobs, and the City is proud to support a service-disabled veteran business in any way possible." Anchor Innovation, Inc. was established to support U.S. Government and service organizations enabling them to optimize programs, achieve assigned objectives and improve readiness. It provides organizational and operational analysis using established industry methodologies to identify program gaps and seams, assess risk and develop/refine requirements and mitigation strategies. For more information, visit http://anchori.com/.The mission of the Virginia Beach Department of Economic Development is to attract and retain national and international businesses to stimulate capital investment and create jobs. Virginia Beach is the most populous city in Virginia with a population of 450,000, and it is the 37th largest in the United States. It is recognized as one of the Best Run Cities in America by 24/7 Wall St. The Department of Economic Development received re-accreditation through the International Economic Development Council in 2012 and is one of only 50 economic development organizations in the world to have this recognition. It is listed among the Top Five Overall Mid-sized American Cities of the Future, Top 10 for Economic Potential and Top Five for Infrastructure by fDi magazine. CNNMoney.com ranked Virginia Beach as the Easiest Place to Start a Business and the 2nd Most Business-Friendly City in the country. For more information, visit www.yesvirginiabeach.com.# # #
