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RICHMOND – Governor Ralph Northam today announced that CoConstruct, a web-based project management system for custom home builders and remodelers, will invest $485,000 to expand its IT operation in Albemarle County. The project will create 69 new jobs.
“The Commonwealth’s technology infrastructure and top industry talent are invaluable assets to companies of all sizes, and CoConstruct’s impressive growth is a testament to the quality of our IT workforce,” said Governor Northam. “CoConstruct is a great entrepreneurial success story for Albemarle County, and we are proud that this young company is expanding and creating 69 well-paid jobs in Virginia.”
Founded in 2004, CoConstruct provides custom home builders and remodelers with web-based and mobile apps to streamline the home-building process. The company focuses on simplifying the key areas of selections, scheduling, change orders, client/vendor communication management, to-do and warranty item management, files and photos, and more.
“Albemarle County boasts a renowned education system and quality of life that attracts and retains a brilliant workforce, and CoConstruct is one of many small businesses thriving in Central Virginia,” said Secretary of Commerce and Trade Brian Ball. “Creating 21st-century jobs remains critical in our efforts to strengthen the Commonwealth’s economy, and we are honored to support innovative companies like CoConstruct.”
“My wife and I chose to relocate to Albemarle County because of the great quality of life—outdoor activities, top-ranked schools, and cultural opportunities,” said CoConstruct Founder and CEO Donny Wyatt. “And when our experience building a home prompted the idea for CoConstruct, it was only natural to want to establish the company here. As we rapidly grow our team, we leverage those same benefits of the area to help us import talent from across the country.”
The Virginia Economic Development Partnership will support CoConstruct’s job creation through its Virginia Jobs Investment Program (VJIP). VJIP provides consultative services and funding to companies creating new jobs or experiencing technological change to support employee training activities. As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for its citizens.
“CoConstruct is an example of what talented and creative people can do in Albemarle County. Their innovation exemplifies the depth and breadth of intellectual capital in our community,” said Roger Johnson, Albemarle County’s Economic Development Director. “Their continued growth is the latest success in our thriving entrepreneurial ecosystem, and we fully expect other companies to follow suit.”
“CoConstruct was founded to provide a technology-based, innovative solution to a problem and epitomizes the economic growth we need to encourage and develop in the Commonwealth,” said Senator Creigh Deeds. “It is critical to continue to build the infrastructure that will allow the community to prosper, and attract and grow 21st-century jobs.”
“In our region we are tremendously proud of our homegrown entrepreneurial ventures that blossom into full-fledged national and multinational enterprises,” said Delegate David Toscano. “I congratulate Donny Wyatt and the whole team at CoConstruct for reaching this milestone, and I’d also like to thank Governor Northam and VEDP for assisting CoConstruct’s movement to the next level.”
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