Shift Technologies will invest $20 million to establish its first East Coast operation in Arlington County, Virginia. The project is expected to create 100 high-tech jobs.
“We are excited to expand Shift's technology operations to Virginia and look forward to having access to the Commonwealth's high-skilled workforce,” said Toby Russell, Shift's Head of Business and Product and the lead company executive in the state. “Virginia is known for being one of the best states to do business, and we experienced this first-hand when Governor McAuliffe visited our office in San Francisco to outline why this investment made sense for our company. We've hit the ground running and are in the process of hiring software engineers who are passionate about using technology to empower consumers.”
Virginia Economic Development Partnership worked with Arlington County to secure the project for Virginia. 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 recruitment of companies like Shift to Virginia is at the very heart of our work to diversify and build a new Virginia economy. As we work to offset the impact of federal budget cuts in Northern Virginia, high-tech companies like Shift are recognizing the enormous technological, workforce and quality-of-life assets this region has to offer. I am proud to welcome Shift to Virginia, and I look forward to watching the company grow. I am confident that this announcement will help us attract more Silicon Valley startups to create jobs and economic activity here in the Commonwealth.”
“Shift’s significant investment to establish an East Coast 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 Shift to Virginia.”