BMK Ventures to Expand at New Facility in Corporate Landing Business Park in Virginia Beach

Driven by its recent rapid growth, BMK Ventures, Inc. (BMKV) announced that it will move from its location at 1112 Jensen Drive to the Corporate Landing Business Park and build a 39,000-square-foot facility to serve as its headquarters. BMKV will purchase approximately 3.5 acres of land in the business park at $200,000 per acre.

Earlier today, the Virginia Beach Development Authority awarded an Economic Development Investment Program grant of $169,000 to BMKV to help it grow by supporting its job creation and capital investment.

"BMK Ventures, Inc. appreciates the partnership and support of the Virginia Beach Development Authority," said Pete Campbell, CEO of BMK Ventures. "This partnership and building project will enable our small business to continue to grow and better serve our military, federal, law enforcement, and first responder customers."

BMKV is a certified service-disabled veteran-owned small business based in Virginia Beach that distributes medical and related supplies as well as equipment to various government organizations. The company also has a presence in Kentucky. Locally, BMKV services a spectrum of clients such as warfighters, first responders and medical personnel – serving those that serve us.

"Our rapid growth and a new building helps us hire more veterans and provides a state-of-the-art facility to continue our important mission of 'Serving Those That Serve Us'," added BMKV President Mike Whetstone.

Once built, the new location will house 30 full-time employees (10 existing and 20 new employees) in varied specialties with an average annual salary of $65,000. The project's total capital investment is $6.9 million which consists of real estate, furniture and fixtures, and machinery and tools.

"BMKV was founded in Virginia Beach, and we are pleased to see one of our locally grown businesses expanding in our community and reaching new heights," said Taylor Adams, City of Virginia Beach deputy city manager and director of Economic Development. "We are proud to recognize BMKV today and congratulate them for their commitment to the city it has called home."

The mission of the Virginia Beach Department of Economic Development is to drive economic vitality and inclusive prosperity in the city by fostering the attraction and creation of new investment, innovation, and jobs. www.yesvirginiabeach.com.