Web software pioneer Unanet is expanding its Loudoun County footprint. The company has been headquartered in Loudoun since 2003 and is moving from its current location to a larger, 24,000 square-foot facility in the Loudoun Gateway office park in Sterling.
This $7.3 million investment will allow the company to add 100 more employees over the next few years, Loudoun’s Economic Development Communications Manager Lois Kirkpatrick said.
“It is vitally important that we keep growing businesses like Unanet in Loudoun County,” Loudoun County Supervisor Ron Meyer (R-Broad Run) said. “The Broad Run District is proud to be home to many great tech companies, and this board has made a commitment to provide a supportive business environment where all companies can thrive.”
The company, founded in 1988 by CEO Fran Craig, serves more than 1,000 organizations nationwide, including government contractors in the Washington D.C. area. Before deciding to grow its business in Loudoun, Unanet considered other localities, Kirkpatrick said.
“We’re proud of our Loudoun roots, and are excited to continue our strong relationship with the county,” Craig said. “We worked with the Loudoun County Department of Economic Development throughout the process and they have helped us every step of the way. A key goal in founding Unanet was to create quality careers and opportunity for employees. We are delighted to be headquartered here, and to locate all of our software development in Loudoun County.”
Because Loudoun was in competition for this expansion project, the Board of Supervisors offered Unanet an incentive package worth $125,000 to expand in Loudoun. Unanet was one of two companies to receive an incentive package in 2016, Kirkpatrick said.
“The incentive included a waiver of permit fees, along with a cash component,” Economic Development’s Executive Director Buddy Rizer said. “Our board has specific criteria for business incentives, and this deal met all of those criteria. This is a good deal for Loudoun. Per board direction, the county will be paid back in direct tax revenue in under three years.”
According to a Washington Post profile, Unanet grossed nearly $20 million per year and has grown its annual revenue by about 20 percent over the past decade.
In addition to Unanet’s success in serving different business sectors, it also supports local charities such as Loudoun Hunger Relief, Loudoun Education Foundation, Loudoun Laurels Foundation, Loudoun Cares and the Loudoun County Fraternal Order of Police Cops and Kids Program.
“Unanet’s long-term success confirms that Loudoun has the ideal workforce and amenities for I.T. businesses,” Rizer said. “We’re very proud to have such a top-tier software company expand in Loudoun, and we look forward to their continued prosperity.”