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By Jacquie Lee
Yelp is expanding into the nation’s capital later this year and plans to fill 500 positions in the next five years, a company representative confirmed for Bloomberg BNA Aug. 4.
“One of the reasons we love DC as our next office location is the access to a talented, diverse group of candidates who will be amazing additions to the Yelp family,” CEO Jeremy Stoppelman said in a statement.
At least half of the marketing and sales positions Yelp will generate will be targeted for Washington residents, an announcement from the office of Mayor Muriel Bowser (D) said.
Bowser’s office didn’t provide details on how the administration will hold Yelp accountable for hiring city residents.
Yelp is headquartered in San Francisco but will occupy about 52,000 square feet near the Verizon Center sports arena in the Northwest section of Washington, an announcement from Bowser said. Yelp plans to begin remodeling the new office later this summer and will start hiring later this year, the announcement said.
Yelp has some extra money to burn after striking a deal with GrubHub Aug. 3. The food-delivery giant said it would buy Yelp’s Eat24 for $288 million in cash, Bloomberg reported. That’s more than twice what Yelp originally paid for Eat24 in 2015.
The lease announcement compliments Bowser’s 2016 technology report, which outlined the mayor’s goals to increase the District’s profile as a technological hub on the East Coast. In the report, Bowser mentioned specific goals that include creating 5,000 new tech jobs for underrepresented workers.
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