$10 million investment, 65 jobs in Richmond’s basket
RICHMOND, Va. — Basket Savings, an innovative application software development company, will invest $10 million to establish an operation in Arlington County. Basket has built the first-ever smart shopping list powered by its community-based mobile app that empowers consumers to make educated decisions when shopping for groceries and every day goods, helping them know the price of everything, everywhere. Virginia successfully competed against Washington, D.C., for the project, which will create 65 new jobs paying above the average prevailing wage in the region.
Gov. Terry 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.”
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products at local grocery stores, but to also see which store is currently offering the best deal via published and unpublished sale prices.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.
Source: Gov. McAuliffe’s office