CFA Institute to center operations at former Martha Jefferson Hospital


Looks like the soon-to-be-former Martha Jefferson Hospital has a tenant. Governor Bob McDonnell has announced that the CFA Institute, an organization that publishes evaluation tools and research for a network of investors, will place its operations center at the hospital.

The CFA Institute currently operates at the Fontaine Research Park, where it has roughly 350 employees. The new operations center will raise that number to nearly 400, and represents a $24.5 million investment by the company. McDonnell, who approved $200,000 in Governor’s Opportunity Funds to assist the effort, said CFA will turn its new site into "a Class A, 136,000-square-foot office facility."

CFA’s redevelopment, added McDonnell, "not only touts the opportunities of the region and the state, but also accommodates the association’s needs for current and future growth." Fifth District Congressman Robert Hurt noted that CFA could "spur economic growth and bring additional jobs to the area at a time when Fifth District Virginians need it most." (Although C-VILLE recently asked whether Charlottesville could find the same opportunities for its blue-collar residents.) CFA Chief Financial Officer Tim McLaughlin said that the business will move into the Martha Jefferson Hospital by 2013, according to the Charlottesville Newsplex.