Prescient Edge LLC moves headquarters to Chicago, will create at least 60 jobs in Chicago initially and expects to add hundreds in the coming years
Mayor Rahm Emanuel today announced that Prescient Edge LLC, a global security and technology company is moving its headquarters to a new, state-of the-art Chicago facility located in One Prudential Plaza. The company will create at least 60 full-time jobs in Chicago initially and expects significant growth with the addition of hundreds of jobs in the coming years. Prescient Edge is the 30th company to move its headquarters to Chicago since Mayor Emanuel took office in 2011. The decision by Prescient Edge to move its new corporate headquarters to Chicago is a direct result of the Mayor’s efforts to enhance the city’s competitiveness as a center for business services and headquarters through the Plan for Economic Growth and Jobs.
“From the education of our workforce, to the quality of our transportation, to the diversity of our economy, more companies like Prescient Edge want to relocate to Chicago for the city we are today and the growth opportunities we offer them for tomorrow,” said Mayor Rahm Emanuel. “We are starting to see the results of having the right strategy and making the right investments. I look forward to building on this progress to give more companies the confidence to invest in Chicago’s future and create more jobs for more of our residents.”
The company will establish a 23,616-square-foot state-of-the-art facility in Chicago to support two new worldwide security platforms that leverage the company’s federal intelligence and security expertise. The company has pledged to invest approximately $6.6 million in a 10-year lease, plus improvements and equipment at the new facility. Prescient Edge had considered Miami, FL and Charlotte, N.C., for its expansion and chose Chicago for its talented workforce, access to its transportation networks and the diversity of the City’s economy.
“Chicago’s world class infrastructure combined with the technical talent and energy we found in the workforce made the decision an easy one,” said Prescient Edge CEO David Walsh.
Prescient Edge, previously headquartered in McLean, VA, provides global operations and tailored solutions on a full-spectrum of intelligence, technology and security offerings to corporate, federal and international clients across aerospace, utilities, hospitality and other industries. It advises clients on complex security and technology issues in human resources, cyber threat detection, computer systems design, employee training and other applications.
In 2014, Inc. Magazine ranked Prescient Edge number 18 on its 33rd annual Inc. 500|5000 list of the fastest growing private companies. The company was also ranked first among the Top 20 Government Services Companies.
In return for its job creation and investment, Prescient Edge will receive a credit worth an estimated $1.69 million against its state income tax liability over the next 10 years. The credit is offered under the state of Illinois’ Economic Development for a Growing Economy (EDGE) program and is available to companies weighing a project in Illinois against sites outside the state.
“Attracting corporate headquarters to Chicago is a key component of Mayor Emanuel’s Plan for Economic Growth and Jobs, which WBC is implementing,” said World Business Chicago President & CEO Jeff Malehorn. “WBC worked closely with Prescient Edge’s leadership to showcase why Chicago is an ideal location for their global business, and we look forward to working with the company as it continues to grow and thrive in Chicago.”
Prescient Edge currently employs 75 jobs across its locations in Virginia, Maryland and Washington, D.C. Prescient’s principal staff is comprised of expertly trained professionals from the Intelligence, Federal Law Enforcement, Special Operations, Software Engineering and Business communities.
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Chaired by Mayor Rahm Emanuel, World Business Chicago is the public-private partnership leading the Plan for Economic Growth and Jobs in order to drive business development, cultivate talent, and put Chicago at the forefront of the global economy.
WBC’s “Economic Briefs” track indicators from month to month to gauge the strength of several aspects of Chicago’s economy, including unemployment, population, venture capital, job openings and new hires, home sales, tourism, etc. This data provides a clear analytic framework for specific Plan strategies and initiatives.