RICHMOND, Va. – Governor Glenn Youngkin announced today that Technomics, Inc., an employee-owned decision analysis company specializing in cost analysis, data management and analytics, has invested $1.7 million in its Arlington County expansion. The company leases an additional 10,000 square feet of space at 1225 South Clark Street to increase capacity. Virginia successfully competed with Maryland, DC and California for the project, which will create 150 new jobs.
“Virginia has the largest concentration of tech talent in the United States, and Technomics is a great example of how a pipeline of well-trained and skilled workers can contribute to a company’s success.” said Gov. Glenn Youngkin. “In addition to the talent, Arlington County offers strategic proximity to the company’s key customers. We congratulate Technomics on this expansion and look forward to its continued growth trajectory in the Commonwealth.”
“We are excited to support Technomics’ growth in Arlington County,” said Trade Secretary Caren Merrick. “Northern Virginia’s world-class talent, data infrastructure and access have provided the company with an ideal location to thrive for more than 20 years, and we are committed to our continued partnership.”
“In these difficult financial times, our federal customers need more support to better manage their scarce resources. Arlington County is the perfect location for our expansion because of its proximity to many of our customers and employee-owners,” said Al Leung, President and CEO of Technomics. “In fact, the need is so great that just as our expansion was concluding, we were actively looking for an additional 10,000 square feet of space—also in Arlington County—to dedicate to customers who need to meet highly specialized engineering needs. ”
“We applaud Technomics’ decision to expand its presence in Arlington and its continued contribution to our community’s economy.” said Katie Cristol, chairwoman of the Arlington County Board. “We believe that Arlington’s proximity to the state capital and federal customer base, as well as our talented technical staff and business resources, will be beneficial as Technomics continues its success.”
“I am pleased to welcome the expansion of Technomics, Inc. and the addition of new, well-paying jobs in Arlington and to see Northern Virginia’s continued growth as a technology hub and national innovation leader,” said Congressman Don Beyer.
“Technomics’ decision to expand its presence in Arlington County is a testament to the skilled workforce and business infrastructure we have built in Northern Virginia,” said Senator Adam P. Ebbin. “Arlington County’s progressive business climate continues to attract high caliber tech talent, including Technomics’ skilled team.”
“Technomics’ decision to expand in Arlington is a testament to the economic infrastructure and talent available in Arlington, particularly in the technology and analytics space,” said delegate Richard C. “Rip” Sullivan, Jr. “I applaud Technomics’ decision to expand and look forward to seeing its continued impact on Arlington and the Commonwealth.”
Founded in 1984, Technomics is a 100% employee-owned company focused on providing American and international government clients with analytics-based services that help them make better decisions, faster. The firm’s more than 220 professionals are multidisciplinary, quantitatively-oriented analysts who provide a variety of analytical services. While its roots are in cost estimation and analysis, its services today extend to a wide range of analytical capabilities driving the maturity of organizational cost analysis, supporting portfolio optimization and delivering actionable insights through intelligent data management and analytics.
The Virginia Economic Development Partnership has worked with Arlington County to secure the Virginia project and will support Technomics’ job creation through the Virginia Jobs Investment Program (VJIP), the company providing job creation, advisory services and funding to Provides to support recruitment and training activities. As a business incentive to support economic development, VJIP lowers labor costs for new and expanding businesses. State-funded, VJIP demonstrates Virginia’s commitment to improving employment opportunities for its citizens.