(Photo by Flickr user Ron Cogswell, used under a Creative Commons license)
Incentive Technology Group (iTG) is joining a number of other tech companies with expansion plans in Arlington, Va.
The digital consulting firm is headquartered in Crystal City and plans to move to a new HQ in the area’s Presidential Tower, according to the office of Gov. Ralph Northam of Virginia.
iTG will make a $5.1 million investment in the new space, which will span 50,000 square feet and include a design and innovation center to make room for collaboration on new products.
Virginia competed with Georgia to land the project. The governor signed off on a $450,000 grant from the Commonwealth of Virginia Opportunity Fund for the project and is also eligible for a tax credit for new jobs created.
The firm plans add more than 125 jobs as early as this year. iTG works with government clients including agencies such as the U.S. Department of State, U.S. Department of Health and Human Services and General Services Administration, as well as financial and healthcare firms such as Bank of America, Vanguard and United Healthcare.
“Arlington County’s recent influx of technical talent, as well as its ability to attract leading-edge companies to the area, such as Amazon, are the key reasons for iTG’s decision to stay in the region,” Andrew Fehretdinov, chief financial officer of iTG, said in a statement. “iTG has grown five-fold in the past three years, with revenue to surpass $100 million this year, and the company plans to fuel its growth by hiring and training a highly technical workforce, creating over 1,000 new jobs in the next three years.”
The plans follow last month’s announcement from New York-based Yext to open a new office bringing 500 jobs to Arlington, as well as Amazon’s big plans for HQ2 in the area now dubbed “National Landing.”-30-
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