RALEIGH—PRA International, which sells services to biotech companies, is moving its headquarters from Reston, VA to Raleigh, creating 500 jobs, NC Gov. Mike Easley said Tuesday.
“The current headquarters in Reston is purely a corporate administrative office with no operational functions,” said Terrance J. Bieker, CEO.
“After conducting a comprehensive analysis, we have determined that relocating to the Raleigh area will allow PRA to tap into a stronger market for operational resources, place us in closer proximity to existing and potential new clients, provide ready access to a highly qualified talent pool and reduce our infrastructure costs.
“To fuel our planned growth, we expect to begin aggressive hiring in October and hope to attract 500 administrative and operations employees over the next five years.
The move affects 37 people located in or working regionally out of the Reston office. Most employees have been invited to move.
Of those unable to move, some will become home based and a few others will relocate to the Company’s offices in Charlottesville, VA, where the company plans to continue some of their corporate support services.
PRA says it will invest $2.89 million in its new facilty. Average wages for the new jobs is $75,000.
On the Web: www.prainternational.com
Southeast Venture Conference, February 29 – March 1, 2012 at the Ritz Carlton in Tysons Corner, VA – Where Smart Money Meets Smart People.
www.seventure.org
© 2007, TechJournal South. All rights reserved.



