Telos Corp., a prominent cybersecurity company based in Loudoun County, will invest $5 million to expand its headquarters in Ashburn, Gov. Terry McAuliffe (D) announced last week.
McAuliffe made the announcement during his first address before the Virginia General Assembly on Monday night.
Telos will undergo a major renovation to its headquarters and increase its cybersecurity capacity, resulting in an estimated 160 new jobs over 36 months, according to a statement from the governor’s office. Virginia had competed against Maryland as a prospective home for the project, the statement said.
“My top priority as governor is to grow and diversify Virginia’s economy and make Virginia a leader in 21st-century industries like cybersecurity,” McAuliffe said in the statement. “I am pleased that Virginia has retained Telos Corp. with this project and that such a major employer will add 160 new jobs here in the commonwealth.
“Investing in a significant facility upgrade and increased cybersecurity capacity is a great testament to the assets Virginia has, and Telos’s confidence in a long and successful future in the commonwealth,” McAuliffe said.
Telos has provided IT consulting services to the U.S. government and other organizations for more than 30 years, and has focused on cybersecurity since 1997, officials said.
In the statement, John B. Wood, Telos’s chairman and chief executive, said the company was committed to Loudoun’s economic development.
“We’re pleased to continue to make our home in this vibrant business environment,” Wood said.
The development marks another victory for the Loudoun Board of Supervisors, which has repeatedly emphasized the importance of attracting and retaining businesses in the county. The members of the all-
Republican board were elected in 2011 with campaign promises to create a business-friendly environment and broaden the county’s commercial tax base.
With its proximity to the District, Loudoun appeals to government contracting firms — more than 900 are operating in the county, Loudoun officials said. Loudoun is also home to the largest number of data centers on the East Coast, handling as much as 70 percent of the world’s Internet traffic, officials have said.
Loudoun Economic Development Director Buddy Rizer said in the statement that the cybersecurity industry in Loudoun is expected to grow “tenfold over the next 10 years.”
The Virginia Economic Development Partnership worked with county officials to secure the Telos project for Virginia, officials said. Former governor Robert F. McDonnell (R) approved a $500,000 grant from the Governor’s Opportunity Fund to assist Loudoun with the project, the statement said. The Virginia Department of Business Assistance will also provide funding and services through its Virginia Jobs Investment Program to support Telos’s recruitment and training.
Board of Supervisors Chairman Scott K. York (R-At Large) described Telos in the statement as both an important business presence and community partner for the county.
“Mr. Wood was a co-founder of the CEO Cabinet and a past chair of our Economic Development Commission, and the company has been at the lead of many initiatives, from education to support for our military,” York said. “I’m proud to say that Loudoun will continue to be the home for Telos for years to come.”