Telos Corporation, a cybersecurity company, will invest $5 million to upgrade and renovate its headquarters and operations center in Loudoun County, Virginia. The company also plans to increase cybersecurity capacity, creating 160 new jobs over 36 months.
“My top priority as governor is to grow and diversify Virginia’s economy and make Virginia a leader in 21st Century industries like cybersecurity,” said Gov. Terry McAuliffe. “I am pleased that Virginia has retained Telos Corporation with this project and that such a major employer will add 160 new jobs here in the Commonwealth. Investing in a significant facility upgrade and increased cybersecurity capacity is a great testament to the assets Virginia has and Telos’ confidence in a long and successful future in the Commonwealth.”
“Telos has long been committed to Loudoun’s economic development,” said Telos Chairman and CEO John B. Wood. “We’re pleased to continue to make our home in this vibrant business environment.”
The cybersecurity firm has provided innovative IT solutions and services to the government and commercial organizations for more than 30 years, focusing on cybersecurity since 1997. The company’s solutions ensure that the most security-conscious organizations, including Department of Defense, the Intelligence Community, and financial services firms, comply with demanding information security mandates.
The Virginia Economic Development Partnership worked with Loudoun County to secure the project for Virginia. Former Governor Bob McDonnell approved a $500,000 grant from the Governor’s Opportunity Fund to assist Loudoun County with the project. The company is also eligible to receive a Major Business Facility Job Tax Credit. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the company’s recruitment and training activities.
Loudoun County Economic Development Director Buddy Rizer said, “The cybersecurity industry in Loudoun County is poised to grow ten-fold over the next 10 years, and Telos is a leader in that arena.”