MEDIA: Cara O’Donnell, 703-228-0854, [email protected]
FOR IMMEDIATE RELEASE: January 21, 2016
ARLINGTON, Va. — Arlington Economic Development is proud to welcome technology company Shift Technologies to Arlington. Shift, an online, peer-to-peer, marketplace for buying and selling used cars, will open its first East Coast office in Crystal City’s 1776 incubator. Shift was founded in 2014 in San Francisco and will invest $20 million to establish its first East Coast operation in Arlington County. The project will create 100 new high-tech jobs and is a direct result of the Governor’s meeting with company officials in California during his West Coast Marketing Mission in September 2015.
“Shift represents the type of technology companies we know can thrive in Arlington,” said Arlington County Board Chair Libby Garvey. “Arlington’s robust millennial workforce and opportunities for tech companies were the catalysts that brought Shift to Arlington’s Crystal City neighborhood, and we couldn’t be prouder to welcome such an exciting company into our community as we work to diversify and grow Arlington’s economy.”
“We are thrilled to start the year welcoming this innovative company to Arlington,” said Victor Hoskins, Director of Arlington Economic Development. “A year ago, we made the commitment to diversify Arlington’s economy by becoming a hub for disruptive technology companies. We believe Shift Technologies will find wonderful opportunity and an excellent pool of potential employees here in Arlington.”
“The recruitment of companies like Shift to Virginia is at the very heart of our work to diversify and build a new Virginia economy,” said Governor Terry McAuliffe, who welcomed the company to Arlington this morning. “As we work to offset the impact of federal budget cuts in Northern Virginia, high-tech companies like Shift are recognizing the enormous technological, workforce and quality-of-life assets this region has to offer.”
Shift provides a technology platform and services layer that connects car buyers and car sellers. Shift's Car Enthusiasts provide a personal touch to smooth the transaction, picking up cars from sellers, taking test drives to buyers, and handling all the work for buyers and sellers. A core team of engineers will be among the first employees hired at the new Arlington location to help build East Coast operations.
"We are excited to expand Shift's technology operations to Arlington and look forward to having access to the Commonwealth's high-skilled workforce,” said Toby Russell, Shift's Head of Business and Product and the lead company executive in the state. "Virginia is known for being one of the best states to do business, and we experienced this first-hand when Governor McAuliffe visited our office in San Francisco to outline why this investment made sense for our company. We've hit the ground running and are in the process of hiring software engineers who are passionate about using technology to empower consumers.”
“We are delighted to welcome Shift to our growing Crystal City community of innovators, creatives, and technology leaders,” said Mitchell Schear, President of Vornado/Charles E. Smith. “Crystal City will provide an ideal canvas for Shift’s broad vision for growth.”
Arlington Economic Development
Arlington Economic Development (AED), part of Arlington County Government, is dedicated to the preservation and enhancement of an economically competitive and sustainable community, and the creation of exciting, diverse and amenity-rich places. AED provides visionary leadership and superior services to Arlington’s business and arts community, its tourism industry and its real estate development. For more information, visit arlingtoneconomicdevelopment.com.
Arlington, Va., is a world-class residential, business and tourist location that was originally part of the “10 miles square” parcel of land surveyed in 1791 to be the Nation's Capital. Slightly smaller than 26 square miles, it is the geographically smallest self-governing county in the United States, and one of only a handful with the prized Aaa/AAA/AAA bond rating. Arlington maintains a rich variety of stable neighborhoods and quality schools, and has received numerous awards for Smart Growth and transit-oriented development. Home to some of the most influential organizations in the world – including the Pentagon – Arlington stands out as one of America’s preeminent places to live, visit and do business.