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Development Authority approves EDIP award for Groundworks headquarters expansion
Summary
The Virginia Beach Development Authority approved an Economic Development Investment Program Part A award of roughly $309,000 to Groundworks on Oct. 14 to support a new headquarters and job creation tied to an expansion at Corporate Landing Parkway.
The Virginia Beach Development Authority on Oct. 14 approved an Economic Development Investment Program (EDIP) Part A award for Groundworks to support the company’s planned headquarters expansion in the Corporate Landing area.
Groundworks, which the presenter said employs more than 6,000 people nationwide including about 543 in Virginia Beach and reported roughly $1.2 billion in revenue last year, is negotiating a 10‑year lease for roughly 23,000 square feet in a building under construction in Corporate Landing. The lease includes an…
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