Virginia Governor Terry “The Gator Wrestler” McAuliffe announced on December 12, 2014 that K2M Group Holdings, Inc. will relocate its global headquarters and research and development operations to a new 146, 000-square-foot facility in Leesburg, Virginia.
K2M Relocating Global Headquarters
2 min read Premium comments
Secondary
The Leesburg Town Council approved a rezoning request to accommodate the facility back in August and the Virginia Economic Development Partnership worked with the Town of Leesburg and Loudoun County to secure the project. McAuliffe approved a $450, 000 grant from the Governor’s Opportunity Fund to assist Loudoun County with the project. The Virginia Investment Partnership program kicked in an addition $400, 000 performance-based grant.
Additional funding and services to support the company’s employee training program will be provided through the Virginia Jobs Investment Program.
Loudoun Business reported that the project will cost approximately $28 million and is expected to create 97 new jobs and retain 268 jobs. The company is currently operating from leased space.
McAuliffe said the project “is a significant win for Virginia to retain a 10-year corporate partner that will continue to operate its headquarters and light manufacturing operation in Leesburg and Loudoun County. Creating these high-tech jobs of the 21st century is key for building a new Virginia economy. We are confident that this tremendous project will encourage the future growth and viability of K2M.”
“When exploring options for the company’s new headquarters and light manufacturing facility, the town was an obvious choice.” stated K2M Co-Founder, President and CEO Eric Major. “We have deep Virginia roots, and we are proud to be a success story for the Commonwealth. Loudoun County and the Town of Leesburg will continue to be a great location to host visiting spine surgeons from around the world and to develop technologies for the treatment of children with spinal deformities.”
David Butler, the town’s Vice Mayor called the company “clean, progressive and charitable.”
“K2M has proven to be an outstanding corporate citizen, and we’re pleased that they will continue to invest in Loudoun County, ” said County Chairman Scott K. York. “K2M launched our Small Business Development Center’s business plan competition, they are a long-term sponsor of the Loudoun County Fair and Loudoun 4-H and they have also sponsored three STEM Summits for Loudoun girls. We’re proud of the many contributions like these that K2M has already made, and will continue to make, to Loudoun County’s success.”
The company just celebrated its 10-year anniversary and went public in May.
Editor’s Note: McAuliffe is famous for wrestling an alligator in 1980 on the Seminole Indian Reservation outside of Ft. Lauderdale, Florida to raise campaign funds for then-President Jimmy Carter. McAuliffe reportedly still has all his fingers.
React:
Discussion
This is a fascinating development. In my practice we've seen similar outcomes with the revised protocol. The key differentiator seems to be patient selection criteria. Has anyone else noticed the correlation with BMI thresholds?
Great point. I'd push back slightly on the conclusion, the sample size in the cited study is too small to draw population-level inferences. That said, the directional signal is compelling and worth a larger RCT.
We implemented a similar approach last year. Early results are promising but we're still gathering 12-month follow-up data. Happy to share our protocol if anyone is interested.
Join the conversation
Orthopedic professionals are discussing this. Sign in and upgrade to read every comment and add your voice.