Energix invested $130m to build solar farms throughout the Commonwealth and established its U.S. headquarters in Arlington. The activities rendered a $33m economic impact (increase in GDP) in the past two years, according to research conducted by The Dragas Center for Economic Analysis and Policy in the Strome College of Business at Old Dominion University. The Economic impact study is part of a series of research reports analyzing the contribution of companies brought to Virginia by the Virginia Israel Advisory Board.
Professor Robert McNab, the Director of the Dragas Center for Economic Analysis and Policy and Professor of Economics in the Department of Economics in the Strome College of Business at Old Dominion University, conducted the research. Professor McNab is a member of the Joint Advisory Board of Economists of the Commonwealth of Virginia (appointed by Governor Northam) and a member of the Survey of Professional Forecasters of the Federal Reserve Bank of Philadelphia.