Prosper Insurance Company Expands Virginia Beach, Virginia Operations
10/17/2018
As an incentive, Virginia Beach Economic Development Authority has approved an Economic Development Investment Program grant in the amount of $85,000 based on the number of new jobs created.
“We are grateful to be headquartered in a city that is promoting innovation and job growth,” said Andrew Monroe company co-Founder. “We are excited to continue our mission to deliver industry-leading value to our clients, while supporting our community and the environment.”
The corporate investment is expected to be $750,000 with the buildout, furniture, fixtures and equipment. According to city officials, Prosper Insurance also anticipates growing from the existing 43 full-time employees to add 75 new jobs over the next 36 months.
“These are young, forward-thinking entrepreneurs,” said Raymond K. White, Business Development Manager with Virginia Beach Economic Development. “They are charting growth, disrupting an industry and creating goodwill with everything they touch. This is a great corporate headquarters example for Virginia Beach.”
Project Announcements
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024