Earth observation imagery provider GeoEye plans to move its headquarters to Fairfax County, Va., from neighboring Loudon County and will receive $84,000 from Virginia to help with the move, the Washington Post reported Tuesday.
The state assistance is contingent on GeoEye adding 100 jobs over the next three years.
“Joseph F. Greeves, the company’s chief financial officer, said GeoEye needed a larger space to consolidate two locations — its main office in Dulles and a facility in Sterling. The new office will provide space to expand, he said.
“GeoEye expects to spend $10 million preparing its new building and about $5 million on the information technology infrastructure for the new facility,” Greeves said.
According to the article, GeoEye considered relocating to Colorado or Maryland, but opted to stay in Virginia to be near its main customer, the National Geospatial Intelligence Agency (NGA). In August, NGA awarded GeoEye a contract worth as much as $3.8 billion over 10 years to provide satellite imagery.