JES to relocate headquarters and expand division
JES, a company specializing in the design and installation of foundation support systems, plans to relocate its Virginia Beach headquarters and expand its software development division.
The deal will result in a total investment of $4 million and the creation of 33 new jobs.
The company, currently based on Central Drive in Virginia Beach, has purchased 1741 Corporate Landing Parkway, a 45,000-square-foot building in the city’s Corporate Landing Business Park, where it will move both of its business functions.
KBH Business Management Systems, the software development division, was begun in 2009 to develop BizWiz, an online operating system for the construction industry.
KBH plans to add 33 jobs with average annual salaries of $94,000. The new location will provide 10,000 square feet of space for customer and employee training and 13,000 square feet for new computer and software programmers, marketers and customer service professionals.
In addition to the new jobs, the move will retain 119 jobs in Virginia Beach
The company will make a $4 million investment in the expansion, including $2.5 million for the real estate purchase and $1.5 million for the buildout.
The Virginia Beach Development Authority has awarded JES a $75,000 Economic Development Investment Program grant based on the number of jobs created by the project.
JES provides engineered solutions for foundation repair, underpinning, basement waterproofing and crawl space moisture control.
It operates in Virginia, Washington, D.C., Maryland and Northeastern North Carolina.
JES ranked among the Fantastic 50, the commonwealth’s 50 fastest-growing companies, from 2011 through 2013.
The company was founded in 1993 by Jesse and Stella Waltz.