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Economic development

KCG Engineering Group to Invest $185,000 in Virginia Expansion

Strategic Insights

— 2 min read

Governor Glenn Youngkin announced today that KCG Engineering Group, a veteran-owned firm specializing in advanced technology solutions for defense and government clients, will expand its footprint in Virginia by consolidating its Hampton Roads operations at a new facility in the City of Chesapeake. The investment is estimated to create 60 new jobs in the Commonwealth, further solidifying Virginia's reputation as a hub for defense and technology industries. "When companies choose Virginia, they choose a commonwealth committed to performance, partnership, and results," said Governor Youngkin. The expansion is seen as a strategic investment in innovation and the future of Hampton Roads, with KCG President Mike Klett emphasizing the importance of the state-of-the-art Chesapeake headquarters as a hub for delivering advanced technology solutions.

Key Takeaways:

  • KCG Engineering Group, a veteran-owned firm, will invest $185,000 to expand its footprint in Virginia and consolidate its Hampton Roads operations at a new facility in the City of Chesapeake.
  • The investment is estimated to create 60 new jobs in the Commonwealth, further solidifying Virginia's reputation as a hub for defense and technology industries.
  • Governor Glenn Youngkin highlighted Virginia's commitment to performance, partnership, and results by securing the project for the state.
  • KCG President Mike Klett emphasized the importance of the state-of-the-art Chesapeake headquarters as a hub for delivering advanced technology solutions.
  • The Virginia Economic Development Partnership (VEDP) worked with the City of Chesapeake and the Hampton Roads Alliance to secure the project for Virginia.
  • The VEDP will support KCG's job creation through the Virginia Jobs Investment Program (VJIP), which provides consultative services and funding to companies creating new jobs.
  • VJIP is state-funded, demonstrating Virginia's commitment to enhancing job opportunities for citizens.
  • KCG Engineering Group provides consulting services to all branches of the U.S. military and delivers mission-critical expertise in IT and cybersecurity, systems engineering and integration, and policies and governance.

Statistics:

  • $185,000: The amount invested by KCG Engineering Group to expand its footprint in Virginia.
  • 60: The estimated number of new jobs created by the investment.
  • 2001: The year Klett Consulting Group, Inc. (now known as KCG Engineering Group) was headquartered and operating in Virginia Beach.
  • 91st House District: The district represented by Delegate Cliff Hayes, Jr., who welcomed the expansion of KCG Engineering Group in Chesapeake.

Sources:

  • Governor Glenn Youngkin and the Virginia Economic Development Partnership.
  • Secretary of Commerce and Trade Juan Pablo Segura.
  • KCG President Mike Klett.
  • Hampton Roads Alliance President and CEO Douglas L. Smith.
  • Chesapeake Mayor Rick West.
  • Delegate Cliff Hayes, Jr.

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