Studio Center to Add 20 New Jobs and $3 Million in Capital Investment

June 21, 2016

Studio Center, headquartered in Virginia Beach, will expand and move to a new location within the city. The expansion will add 20 full-time jobs to the existing 33 in Virginia Beach with average annual salaries of $52,000.

Current Virginia Beach operations are housed in two buildings off Greenwich Road at 240 and 161 Business Park Drive. Expansion work on I-264 necessitates the move from 240 Business Park Drive where the company’s video production services are housed. Conveniently, Studio Center will purchase 149 Business Park Drive, next door to its other location to accommodate the move. The .99-acre parcel includes a 9,314-square-foot building.

“It’s a win-win situation for Studio Center and Virginia Beach,” said Virginia Beach Economic Development Director Warren D. Harris. “Studio Center is a major brand in its industry, with satellite facilities across the country. Helping them keep their headquarters in Virginia Beach means they can continue providing the highest quality service to their many clients, and also helps strengthen our brand as a city of innovation, technology and creative talent.”

Studio Center will invest $1.2 million in the real estate and add $1 million in improvements and $800,000 in business property. Based on the capital investment, the Virginia Beach Development Authority has approved a $150,000 Economic Development Incentive Program grant.

Studio Center is the largest, fastest growing production company of its kind in the country. Founded in 1966, Studio Center was one of the first production studios to specialize in the production of broadcast advertising. It employs more than 700 people and has five additional locations in Santa Monica, Richmond, Las Vegas, New York and Washington D.C.

With clients in all 50 states and 23 countries around the world, Studio Center produces more than 14,000 projects every year, many of them award-winning. Its 4,000 awards include Andys, Tellys, Clios, Addys, Silver Microphones, Gold Quills, Silver Screens, Axiems, EMAS, Mobiuses, a Grammy, and the 1993 Pine Bark Chipping Title of Wyoming.

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 29 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.

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​Studio Center to Add 20 New Jobs and $3 Million in Capital Investment