Point One USA, LLC Expands Operations in Virginia Beach Six New Jobs and 22 Retained
August 16, 2016
Point One USA, LLC, a service-disabled veteran-owned small business (SDVOSB) founded in 2013, will expand its operations in Virginia Beach. The company is purchasing 3121 Holland Road, a 1.104-acre site with an 8,400-square-foot facility. The expansion will create six new jobs in Virginia Beach and retain the existing 22 full-time positions in the City with average annual salaries exceeding $80,000. Point One USA, LLC provides training for military and law enforcement professionals to help counter the growing the growing threat of terrorism. The company currently has two other facilities in Virginia Beach including its corporate headquarters and one in San Diego. It will expand its Virginia Beach operations to the new location on Holland Road once it's complete in September. The Virginia Beach Economic Development Authority has approved an Economic Development Investment Program grant in the amount of $30,000 based on Point One USA, LLC's capital investment of $1.05 million in real estate and business property and job creation. "We are pleased to keep this dynamic company in the City and feel that the strong business climate here has helped propel its growth," said Virginia Beach Economic Development Director Warren D. Harris. "Additionally, Point One has been successful in finding highly skilled and qualified employees in this market with our large number of retired military and trained workforce." "Point One USA, LLC is very pleased with the Virginia Beach Economic Development Authority's approval of a grant to help the company continue to expand in the Virginia Beach area," said Bob Brush, president. "We look forward to continuing to grow and employ many veterans and Virginia Beach residents in the future, and we believe this grant will assist us with these growth goals."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 2016 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.# # #
