- Growing tech company moves from D.C. to Arlington’s Clarendon neighborhood
- Company will invest $10 million in new operations
- Expected to create 65 technology jobs
Arlington County welcomes software development company Basket to Arlington’s Clarendon neighborhood. Basket, an innovative application software company that will invest $10 million to establish its operation here, is relocating from Washington, D.C. and will create 65 new jobs. Virginia Governor Terry McAuliffe made the announcement this morning from Basket’s new headquarters.
“Basket’s founders show the level of determination and innovation that Arlington is known for,” said Arlington County Board Chair Libby Garvey. “As Arlington’s technology innovation hub continues to grow and prosper, we believe Basket’s decision to relocate here from Washington, D.C. will prove to be a successful one for them, and we look forward to working with Basket as the company continues to grow.”
“We are excited to welcome this innovative company to Arlington,” said Victor Hoskins, Director of Arlington Economic Development. “Our commitment to diversify Arlington’s economy by becoming a hub for disruptive technology companies is paying off with companies like Basket. The arrival and success of companies like Basket here in Arlington will play a key role as we work to improve Arlington’s vacancy rate and become a technology leader in the nation.”
Basket has built the first-ever smart shopping list powered by its community-based app that empowers consumers to make educated decisions when shopping for groceries and every day goods, helping them know the price of everything, everywhere. Launched in January 2016 on iOS and Android, Basket is built to help busy shoppers save time and money. Basket enables users to not only search for their favorite products at local grocery stores, but to also see which store is currently offering the best deal via published and unpublished sale prices. All prices are community-generated with the consumers themselves adding thousands of goods every day.
Speaking about today’s announcement, Governor McAuliffe said, “The Commonwealth is thrilled to welcome Basket to its roster of world-class companies that choose Virginia, boosting our position as a next generation technology leader. Arlington County has become a hub for technology, attracting entrepreneurial businesses that benefit from the region’s robust, high-tech workforce and Virginia’s top-notch IT infrastructure. The Commonwealth continues to lead in this important industry that helps us grow, diversify and build a new Virginia economy.”
“When you look at the current landscape of tech start-ups in the headlines, many of them are focused on the top 1% of our country, people who have more money than time and are willing to pay whatever price to have their soy latte and kale salad delivered in less than 15 minutes,” said Neil Kataria, Founder and CEO of Basket. “There are hundreds of millions of consumers that haven’t benefitted from the wave of innovation in commerce because they don’t live in the middle of New York or San Francisco. Virginia is an incredible cross section of America and the perfect location for us to invest in the community and in growing our company.”
The Virginia Economic Development Partnership worked with Arlington County to secure the project for Virginia. Governor McAuliffe approved a $125,000 grant from the Commonwealth’s Opportunity Fund, which will be matched by Arlington County for the project. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
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.