Media production biz approved for investment grant in Virginia Beach

VIRGINIA BEACH — The city’s Development Authority approved a $40,000 Economic Development Investment Program grant Tuesday for online media company BN Media, LLC for 28 retained jobs and five new jobs with average salaries of $85,000, excluding benefits.

Founded in 2010, BN Media Associates moved its corporate headquarters to Virginia Beach in 2016. In addition to buying a building of just over 10,000 square feet at 2037 Laskin Road for $1.8 million, owners invested $553,000 in equipment and added another 15 new positions and received an EDIP grant for $45,000 based on its capital investment. The company satisfied the terms of that grant in March 2017, Development Authority officials said.

“Small businesses like BN Media are such a great success story for our city,” said Taylor Adams, the city’s economic development director. “Fostering entrepreneurship is front and center of what we’re about and this company’s growth over the last nine years demonstrates how small investments reap big rewards.”

In 2018, a Utah-based media company bought several divisions of BN Media Associates and sought to move it to Utah. Economic Development staff worked with the company and the result was retaining the business in Virginia Beach along with a commitment to grow by adding another five new full-time employees to the existing 28-person workforce, Economic Development officials said.

“The talented labor force, convenient location, and business friendly atmosphere have made Virginia Beach a great place to grow our business for a number of years,” said Jeremy McGee, president BN Media. “As we embark on a new season of growth and expansion, we are excited to renew our commitment to this area for the years ahead.”

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John Mangalonzo (john@localvoicemedia.com) is the managing editor of Local Voice Media’s Virginia papers – WYDaily (Williamsburg), Southside Daily (Virginia Beach) and HNNDaily (Hampton-Newport News). Before coming to Local Voice, John was the senior content editor of The Bellingham Herald, a McClatchy newspaper in Washington state. Previously, he served as city editor/content strategist for USA Today Network newsrooms in St. George and Cedar City, Utah. John started his professional journalism career shortly after graduating from Lyceum of The Philippines University in 1990. As a rookie reporter for a national newspaper in Manila that year, John was assigned to cover four of the most dangerous cities in Metro Manila. Later that year, John was transferred to cover the Philippine National Police and Armed Forces of the Philippines. He spent the latter part of 1990 to early 1992 embedded with troopers in the southern Philippines as they fought with communist rebels and Muslim extremists. His U.S. journalism career includes reporting and editing stints for newspapers and other media outlets in New York City, California, Texas, Iowa, Utah, Colorado and Washington state.