HomeMy Public PortalAboutTOL PR 2014-12-12 K2M Expansion
Town of Leesburg
News Release
For Immediate Release
Governor McAuliffe Announces K2M Global Headquarters
Expansion in Leesburg
K2M to Build New 146,000 Square Foot Facility and Add Almost 100
New Jobs in the Town
Leesburg, VA (December 12, 2014) – Governor Terry McAuliffe announced today that K2M
Group Holdings, Inc., a global medical device company, will relocate its global headquarters and
research and development operations to a new 146,000-square-foot facility in the Town of
Leesburg. The approximately $28 million project is expected to create 97 new jobs and retain
268 jobs, and will be funded through contributions from Trammell Crow Company, Keane
Enterprises, Inc., and K2M, as well as the Town of Leesburg, Loudoun County, and the
Commonwealth of Virginia.
Speaking about today’s announcement, Governor McAuliffe said, “This project is a significant
win for Virginia to retain a corporate partner that will continue to operate in Leesburg and
Loudoun County. Creating these high-tech jobs of the 21st century is key for building a new
Virginia economy. We are confident that this tremendous project will encourage the future
growth and viability of K2M.”
K2M Group Holdings, Inc. is a global medical device company focused on designing, developing
and commercializing innovative complex spine and minimally invasive spine technologies and
techniques used by spine surgeons to treat some of the most difficult and challenging spinal
pathologies. K2M has leveraged these core competencies to bring to market an increasing
number of products for patients suffering from degenerative spinal conditions.
“K2M recently celebrated its tenth anniversary at the global headquarters in Leesburg. Loudoun
County has been an ideal location to attract high-quality employees and the proximity to Dulles
Airport has been critical to our international shipping and travel requirements,” stated Eric
Major, K2M's Co-Founder, President and CEO. “When exploring options for the company’s new
headquarters and light manufacturing facility, the Town was an obvious choice. We have deep
Virginia roots, and we are proud to be a success story for the Commonwealth.”
The Virginia Economic Development Partnership worked with the Town of Leesburg and
Loudoun County to secure the project for Virginia. Governor McAuliffe approved a $450,000
grant from the Governor’s Opportunity Fund to assist with the project. The Governor also
approved a $400,000 performance-based grant from the Virginia Investment Partnership
program, an incentive available to existing Virginia companies. Additional funding and services
to support the company’s employee training activities will be provided through the Virginia Jobs
Investment Program. In addition, the Town will seek funding through the Virginia Department
of Transportation’s Economic Development Access Program for road infrastructure to support
the new facility.
“K2M has a 10-year history in Leesburg, and has been an outstanding corporate citizen by
providing solid careers for Leesburg residents, supporting the local business community and
volunteering on community boards and commissions,” said David S. Butler, Town of Leesburg
Vice Mayor. “Their employees are our neighbors. This clean, progressive and charitable medical
device company will provide significant positive economic impact to Leesburg for the ultimate
benefit of our residents while serving as a catalyst for future amenities in the Oaklawn
development.”
“K2M’s decision to expand their global headquarters in Leesburg represents confidence in the
Town’s business climate,” said Marantha Edwards, Leesburg’s Economic Development Director.
“As the largest corporate headquarters in the Town, Eric Major and his team implement
innovative practices on a daily basis that will have a tremendous impact on job opportunities in
Leesburg.”
For more information about K2M, please visit www.k2m.com.
Contact:
Marantha Edwards
Economic Development Director
medwards@leesburgva.gov
703-737-7019
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