Measuring CFA Institute's economic impact
After 50 years in Charlottesville, CFA Institute is now a global organization anchoring offices across the world while moving the local economy forward.
CFA Institute started as a two-person office housed at the University of Virginia’s Monroe Hall. As it grew to a 600-person company, the organization was challenged by its physical space and had projections for significant growth. Despite opportunities to shift its headquarters to a major financial center like New York, London, or Hong Kong, it bet on the future of Charlottesville—bringing with it highly-skilled workers and helping to diversify Charlottesville as a business center in its own right.
2016 Economic Impact StudyRead the full report (PDF)
Local Economic Impact
In 2016, CFA Institute generated the following for the region:
Commitment to Sustainability
The 2013 project to renovate the former Martha Jefferson Hospital campus in downtown Charlottesville for the Global Operations Center generated for the local economy 132 jobs, $6.1 million in labor income, $8.4 million in value added, and $17.1 million in total industry output.
It also preserved a historical asset and promoted neighborhood revitalization by opening space up for other dynamic, growth-oriented local companies. The Global Operations Center building earned a gold certification for Leadership in Energy and Environmental Design (LEED).
Investing in Charlottesville
As a not-for-profit financial organization, CFA Institute has been investing in Charlottesville for 70 years, building partnerships with key community organizations.
CFA Institute fits into the socioeconomic fabric of Charlottesville as a solid and dependable organization that drives the city forward. From its significant monetary and employment impacts to its invaluable community and environmental impacts, CFA Institute creates a number of economic advantages for the Charlottesville metropolitan area.
With a commitment to corporate citizenship, the organization offers a “Volunteer Time Off” benefit that allows employees to serve in the community with a civic or nonprofit organization. It also invests in the local community through strategic community partnerships. CFA Institute remains enthusiastic about its role in Charlottesville and looks forward to continuing to grow and positively impact the area.