Opower to invest $10.45 million in Arlington County
Published Thursday, Feb. 11, 2016, 8:20 am
Governor Terry McAuliffe announced today that Opower (NYSE: OPWR), the global leader in cloud-based software for the utility industry, will invest $10.45 million to expand its headquarters operation in Arlington County. Virginia successfully competed against Washington, D.C. for the project, which will create 70 new jobs and retain 357 existing jobs paying above the average prevailing wage in the region.
Speaking about the announcement, Governor McAuliffe said, “Keeping Opower in Arlington County has been a high priority of my administration. This high-profile energy software company is growing rapidly and making a major impact on global challenges, and we are committed to further strengthening this important corporate partnership. The technology industry is booming in Virginia, and wins like this expansion help us continue to build on the momentum in this important sector as we grow, diversify and build a new Virginia economy.”
“I am thrilled that Opower chose to stay in Arlington,” said Senator Barbara Favola. “This $10 million dollar investment speaks to Arlington County’s high quality of life and business-friendly environment. I am committed to fostering relationships with innovative technological companies such as Opower, and ensuring that Arlington remains an attractive place to start or run a business and to raise a family.”
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