Carfax will invest $5 million to expand its headquarters in Centreville, creating 120 new jobs.
The company also will invest $10.8 million to upgrade its data center operation in nearby Loudoun County.
“Carfax is a great example of a company that is diversifying the Fairfax County economic base as it grows,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority (FCEDA). “This is a leading firm in the automotive sector that is taking full advantage of the excellent workforce we have, and I am delighted to see that the company is expanding its data center capabilities in the Commonwealth as well as expanding its headquarters here.”
Carfax provides information that helps people shop, buy, own and sell used cars. The company maintains a database comprising more than 15 billion vehicle history records from 92,000 sources worldwide and handles more than 2.7 million requests for vehicle history information every day.
“Fairfax County is a special place that has been home to Carfax for more than 20 years.” said Carfax President Dick Raines. “With ready access to the I-66 corridor, our corporate headquarters in Centreville has proven a desirable location for our staff, the majority of whom call the county home. We’ve maintained a diverse workforce, with myriad career opportunities in sales, marketing, account management, business development, technology, product management, IT, finance, and legal. Our staff consistently votes us a best place to work and a big part of that success is made possible by our residence in Fairfax County.”
The FCEDA worked with the Virginia Economic Development Partnership to secure the headquarters expansion for Virginia. Gov.Terry McAuliffe approved a $150,000 grant from the Commonwealth Opportunity Fund to assist Fairfax County with the project. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.