Va. Beach military contractor announces $4M expansion
SJS Executives will create 49 jobs, purchase additional office, industrial space
SOURCE: Virginia Business Publication
PUBLISHED MAY 19, 2020
Virginia Beach-based military-industrial contractor SJS Executives LLC announced Tuesday it has received a $125,000 grant from the Virginia Beach Development Authority that will be used toward workspace and workforce expansion, as part of its Economic Development Investment Program (EDIP). As part of its expansion, the company plans to make a total of $4 million in capital investments and add 49 jobs.
The service-disabled veteran-owned company currently has three locations in Virginia Beach. The company plans to purchase a five-acre, 42,000-square-foot site at 2653 Excalibur Court (less than two miles from its headquarters office at 440 Viking Drive) which it will renovate and use for additional office and industrial space. The jobs created will have average salaries of $59,000.