The 7,000-job announcement comes after Capital One's earlier announcement in May that it is adding 1,000 additional employees in Fairfax County, Va. A third campus will be located in Goochland County, a new location for Capital One. A second campus will be located in Chesterfield County, where a new structure will double Capital One's existing space. One campus will be located in Henrico County, where Capital One already leases space in 27 facilities. The bulk of the mega-expansion will unfold at three separate Richmond-metro campuses that Capitol One is creating to consolidate existing area operations. With its campuses, says Vice President, Corporate Real Estate, Bill Yontz (above). To cope with its extremely rapid growth, Capital One has adopted "a phased consolidation approach" 10 in new and expanded facilities in Site Selection's 1999 business location scoreboard. Capital One's announcement ranks as the largest corporate expansion in Virginia's history - and in a state that ranked No. In this case, however, solid substance backed the exuberance. Hyperbole, of course, is invariably the order of the day in hailing business expansion.
Jim Gilmore ( said at the press conference in Richmond, where Capital One's plans were announced. Seven thousand of the jobs will be located at three campuses in the Richmond metro ( "Today, we have written another chapter in the shared history of this great company and our great commonwealth," Virginia Gov. The Falls Church, Va.-based credit card issuer has announced a multi-pronged US$700 million expansion that will create 8,000 new jobs in Old Dominion over the next four years. 1 on Virginia's business expansion chart.
Capital One's 8,000-Employee Expansion Sets New Record in Old Dominion - Site Selection Online Insiderįrom Site Selection's exclusive New Plant databaseīy JACK LYNE Site Selection Executive Editor of Interactive Publishingįast-growing Capital One ( has hit No.
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