Pennsylvania Governor Tom Corbett announced that corporate vanpooling service vRide has relocated its corporate headquarters to Philadelphia.
The relocation will bring 75 high-paying jobs within the next three years to a leased 4,300-square-foot site in Philadelphia.
vRide, which is currently headquartered in Troy, MI, will invest $1.6 million for renovations, site improvements and for purchasing new equipment at their new headquarters.
Gov. Corbett said in a statement that they were thrilled that vRide has chosen Philadelphia for its corporate headquarters, and have no doubt that with the¬†talented workers and pro-growth initiatives,¬†vRide will thrive in the Keystone State.
vRide was founded in 1977 as a vanpool program for Chrysler employees. It became popular enough that Chrysler created a subsidiary called Van Pool Services, Inc. to provide innovative commuter transportation services. vRide is now the nation’s largest vanpooling business.
vRide CEO Ann Fandozzi said that while evaluating locations for their new headquarters, they were looking for a city with great talent, infrastructure and a positive approach to sustainability.
Fandozzi said it was clear that Philadelphia was the perfect choice for them as the company continues to develop consumer and business technologies to enable commuters to find the best ride to work.
The relocation project was secured with the help of an incentives package from the Pennsylvania Department of Community and Economic Development (DCED) that includes a $250,000 grant under the Pennsylvania First Program, and Job Creation Tax Credits worth $150,000, in addition to $29,100 as a training grant for training their existing employees and the new hires.
Select Greater Philadelphia CEO¬†Thomas G. Morr¬†said vRide‚Äôs innovative technology application will take cars off the road and make commuting more productive, and added that the company is a great fit for Greater Philadelphia‚Äôs growing technology economy.
Select Greater Philadelphia and the City of Philadelphia coordinated with economic development professionals in the Governor‚Äôs Action Team (GAT) who report directly to the Governor and work with businesses that are considering expanding or relocating in Pennsylvania.
Philadelphia Mayor Michael A. Nutter likewise noted that Philadelphia is increasingly home to one of the country‚Äôs most exciting and dynamic technology sectors, and vRide is a great addition to the community.
Mayor Nutter said the most exciting thing about the announcement was that vRide is moving into a space vacated by Artisan Mobile, another technology company that is moving into a larger space to accommodate additional employees.