Friday, January 29, 2016

Software Company AvePoint to Invest $1.5 Million to Operate in Richmond


On Friday, Jan. 29 Mayor Dwight Jones along with Governor Terry McAuliffe and Maurice Jones, Secretary of Commerce and Trade, welcomed the computer software vendor and manufacturer AvePoint to the City of Richmond, creating 100 new jobs. AvePoint will invest $1.5 million to establish an operation in the city.

“Today is a great day for AvePoint and the City of Richmond. AvePoint’s decision to establish its presence in Richmond speaks to the City’s strong business climate and ability to compete and retain new economy companies with international footprints,” said Mayor Jones.

AvePoint is the established leader in enabling enterprise collaboration across platforms and devices. AvePoint solutions and services aim to bring together business, IT, as well as compliance and risk officers to serve key business objectives such as big data, cloud integration, compliance, enterprise content management, and mobile data access monitoring.

Brian Brown, AvePoint’s Global General Counsel, stated, “Virginia clearly offers an unparalleled attractive business atmosphere with lower taxes, a lower cost of doing businesses and a highly talented labor force, the combination of which no other location suitably matched. Compared to other possible expansion locations, Virginia took the winning position by a wide margin thanks to its commercial, social and cultural standing."

The Virginia Economic Development Partnership worked with the City of Richmond, the Greater Richmond Partnership, and Arlington County to secure the project for Virginia. The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.