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Basket Savings Invests $10 Million In Arlington County, Virginia, Operations Center

Basket Savings, an innovative application software development company, will invest $10 million to establish an operation in Arlington County, Virginia. Virginia successfully competed against Washington, D.C. for the project, which will create 65 new jobs paying above the average prevailing wage in the region.

When you look at the current landscape of tech start-ups in the headlines, many of them are focused on the top 1% of our country. People who have more money than time and are willing to pay whatever price to have their soy latte and kale salad delivered in less than 15 minutes,” said Neil Kataria, Founder/CEO of Basket. “There are hundreds of millions of consumers that haven’t benefited from the wave of innovation in commerce because they don’t live in the middle of New York or San Francisco. Virginia is an incredible cross section of America and the perfect location for us to invest in the community and in growing our company.

As an incentive, the Virginia Economic Development Partnership worked with Arlington County to secure the project for Virginia. Governor McAuliffe approved a $125,000 grant from the Commonwealth’s Opportunity Fund to assist Arlington County with the project. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.

Governor Terry McAuliffe said, “The Commonwealth is thrilled to welcome Basket to its roster of world-class companies that choose Virginia, boosting our position as a next generation technology leader. Arlington County has become a hub for technology, attracting entrepreneurial businesses that benefit from the region’s robust, high-tech workforce and Virginia’s top-notch IT infrastructure. The Commonwealth continues to lead in this important industry that helps us grow, diversify and build a new Virginia economy.”

“Basket’s investment to establish an operation in Arlington County and create well-paying jobs is a big win for both the region and the Commonwealth,” said Secretary of Commerce and Trade Maurice Jones. “Virginia continues to win these projects as a result of our outstanding workforce, infrastructure and great quality of life. We are thrilled to welcome Basket to Virginia and look forward to a longstanding partnership.”

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