Mayor Bobby Dyer | Mayor Bobby Dyer official website
Mayor Bobby Dyer | Mayor Bobby Dyer official website
DOMA Technologies to invest $3.7 million in City of Virginia Beach headquarters, creating 307 new jobs
The Virginia Beach Development Authority (VBDA) has approved DOMA Technologies, a USA-headquartered software and digital transformation company, to receive an Economic Development Investment Program (EDIP) grant in the amount of $167,000 to assist with the expansion of their company in Virginia Beach. The company’s new 69,000-square-foot headquarters facility will house nearly 500 total employees within the next three years.
“DOMA is proud to be a Virginia business headquartered in the great city of Virginia Beach,” said DOMA Founder and President Pat Feliciano. “It’s our vision to be the premiere software company for the city, state, and the broader region. Leveraging innovative machine learning and artificial intelligence tools to bridge the gap between our customers’ data and the decisions they need to make, we believe we are building something unique to the area. This investment is just one step of many we will take to bring that vision to reality.”
“We have always believed that Virginia Beach is one of the premier cities where businesses grow and succeed. We are especially proud when we see the success of a company like DOMA that started here,” said City of Virginia Beach Mayor Bobby Dyer. “Today’s announcement of their expansion is just a one part of the story. Their vision and tenacity in developing information management programs that are focused on the future is a major reason for their success. Thanks to the support of the Virginia Economic Development Partnership and Virginia Beach’s Economic Development program, DOMA will be able to continue to expand their reach and succeed while providing vital jobs and incentives to our local economy. Once again, we see what can happen when everyone comes to the table and works together towards a goal that benefits everyone.”
The Virginia Economic Development Partnership worked with the Virginia Beach Department of Economic Development to secure the project and will support DOMA Technologies’ job creation through the Virginia Jobs Investment Program (VJIP), which provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities.
Original source can be found here.
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