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Navy Federal Plans $100M Virginia Investment

Navy Federal Credit Union, headquartered in Vienna, VA, is investing $100 million in its Winchester, VA operations center. The expansion will ultimately lead to the creation of 1,400 new jobs, and will double the center’s square-footage.

Virginia beat out three other locations for expansion, with help from $6 million in grants and incentives from various state funds. A $2 million grant came from the Commonwealth Opportunity Fund, while $4 million in funds was approved from the Virginia Economic Development Incentive Grant.

Navy Federal is expanding in other areas as well. The financial institution  is in the midst of a $115 million expansion of its Vienna headquarters, and has also embarked on a more than $200 million expansion of operations in Pensacola, FL.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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