Cybrary Expands In Prince’s George County, Maryland
The company will relocate its headquarters to an interim space of nearly 11,000 square feet at 5801 University Research Court in College Park before moving to its permanent location, a 25,000 square-foot facility at 4600 River Road in the Discovery District in College Park.
“Our in-house content team coupled with our network of subject matter experts and learning and assessment technology vendors makes Cybrary’s catalog the fastest moving and most continually refreshing, full scope offering in the industry. No organization is developing cybersecurity careers faster and at the scale as us,” said CEO & Co-Founder Ralph Sita. “Every day more than 2,000 people join the Cybrary network, most of whom end up either entering the industry or moving up from their current cybersecurity or IT work role.”
To assist the company in the project, Maryland Commerce has approved a $750,000 conditional loan through Advantage Maryland, formerly the Maryland Economic Development Assistance Authority and Fund (MEDAAF). Cybrary may also be eligible for additional state programs including the Partnership for Workforce Quality and the Job Creation Tax Credit. In addition, Cybrary may qualify for assistance from Prince George’s County.
“No state is better positioned than Maryland to address emerging cybersecurity challenges, and training programs like those offered by Cybrary are critical to ensuring our workforce is equipped for the jobs of the 21st century,” said Governor Larry Hogan. “Cybrary’s decision to expand in our state and add more than 200 new jobs further solidifies Maryland’s status as the cyber capital of America.”
“The demand for cybersecurity talent is great, with an estimated 300,000 cyber-related job openings in the nation,” said Maryland Commerce Secretary Mike Gill. “With its online platform for cybersecurity training, Cybrary opens opportunities to anyone interested in a career in information security and helps address the growing need for cyber warriors.”
“Cybrary’s decision to expand within Prince George’s County, using its cutting edge cybersecurity technology and providing high paying jobs for our residents, is an exciting endorsement of the progress that this county has made as a business location,” said County Executive Rushern Baker. “In particular, we celebrate Cybrary’s decision to connect directly with the University of Maryland, the State’s flagship university and one of the most important economic forces in this county. We are looking forward to a fruitful collaboration.”
“Over the past four years, University leaders and state and local partners have been working diligently to put College Park on the map for innovation and entrepreneurship,” said Chief Strategy Officer Ken Ulman. “The Greater College Park vision is now being realized, and we are thrilled to welcome Cybrary to our growing roster of powerhouse startups and private sector partners.”
How are Uncertain Times Altering Company Location Strategies?
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
Infrastructure Investment as an Economic Stimulus Tool
34th Annual Corporate Survey & the 16th Annual Consultants Survey