Monday, December 15 2014
Leesburg, VA -- K2M Group Holdings Inc., a medical device company, will relocate its headquarters and research and development operations to a new 146,000-square-foot facility in Leesburg.
The approximately $28 million expansion project is expected to create 97 jobs and retain 268 positions.
The company has operated in Leesburg for 10 years.
The project will be financed with funds from Trammell Crow Co., Keane Enterprises Inc., and K2M, as well as the Town of Leesburg, Loudoun County and the Commonwealth of Virginia.
Gov. Terry McAuliffe approved a $450,000 grant from the Governor’s Opportunity Fund to assist Loudoun County 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.
K2M designs, develops and commercializes technologies used to treat patients suffering from degenerative spinal conditions.