Virginia Beach Company with Global Customers Expands in Virginia Beach
VIRGINIA BEACH, VA (January 26, 2021) — Virginia Beach headquartered, Regulus Global, LLC, will be adding 31 employees, expanding operations in the city. In addition, they have leased an additional 12,000 square feet nearby in Oceana East Industrial Park. They provide procurement and logistics support solutions to global defense, security, intelligence and humanitarian sector customers. A growing aspect of their business has been in providing humanitarian relief and medical equipment to customers globally.
"Warehousing and logistics are key areas where our community provides excellent opportunities in support of the Port of Virginia and other import and export activities. We are pleased that Regulus Global has chosen to expand their operation in Virginia Beach to take advantage of the resources and assets we have here," states Taylor Adams, Director of Economic Development.
"For the last nine years Regulus Global has been a rapidly growing business, executing a medical, expeditionary and national security business worldwide. We do that proudly from our Virginia Beach headquarters, where we have the privilege to employ and support our local community — such as recently securing much-needed medical supplies for Sentara, VCU, Chesapeake General," said Regulus Global CEO Will Somerindyke.
The City of Virginia Beach Economic Development Authority will provide Regulus Global, LLC with an Economic Development Investment Program grant of $46,500 for creation of the new jobs.
The mission of the Virginia Beach Department of Economic Development is to attract and retain national and international businesses to stimulate capital investment and create jobs. Virginia Beach was named America's #1 Best Big City to Live in and 3rd Hardest-Working City in America along with 3rd Best Cities for Jobs by wallethub.com. For more information, visit www.yesvirginiabeach.com