In announcing new HQ site, CEO cites Virginia's universities
When the leaders of CoStar, a research and analytic firm for the real-estate industry, looked at potential sites for a new headquarters for its multimilion-dollar research center -- and 730 new jobs -- they had four options their short list: Atlanta; Charlotte; Kansas City, Missouri; and Richmond.
Richmond won. And a big reason why was the nearby institutions of higher learning, writes the Richmond Times-Dispatch.
Factors considered were a high quality of life, culture, cost of living, and a highly educated workforce, CEO Andrew Florance told the paper -- in particular "the proximity of such colleges as Virginia Commonwealth University, the University of Richmond, Virginia Union University, Virginia Tech, Old Dominion University and James Madison University."
The company will open the new center by the end of the year in the top floors of the nine-story WestRock building overlooking the James River.
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