Block.one to locate U.S. headquarters in Arlington, vows to keep Blacksburg ‘hub’
Blockchain titan Block.one — a company with strong Blacksburg ties — announced it will establish its U.S. headquarters in Arlington County.
The new headquarters will come with a $10 million investment and 170 new jobs in Northern Virginia over the next three years, it was announced by Gov. Ralph Northam Monday.
The jobs and investment come with an incentive package from Virginia’s Economic Development Partnership, including a $600,000 grant from the Commonwealth’s Opportunity fund. The company will also be eligible to receive a major business facility job tax credit for new full-time jobs created.
Block.one’s largest American presence today is in a 30,000-square-foot building at Virginia Tech Corporate Research Center in Blacksburg. That building has capacity to host as many as 200 employees.
Block.one employs more than 80 people in Blacksburg and the town will “remain a significant innovation hub,” according to a statement on the company’s website.
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