DOMA Technologies will invest $3.7 million to expand in Virginia, a move which will create 307 new jobs.
The software and digital transformation company is to build a 69,000-square-foot headquarters.
The complex could accommodate nearly 500 employees within the next three years.
Virgina Governor Glenn Youngkin said: “DOMA Technologies’ decision to expand in Virginia Beach showcases Virginia’s ongoing technology sector growth.
“Through significant investment, Virginia is expanding its tech talent pipeline to create an innovation ecosystem that allows companies like DOMA to secure the workforce it needs to grow right here in the Commonwealth.”
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Caren Merrick, Secretary of Commerce and Trade, added: “When a homegrown company like DOMA Technologies chooses to reinvest in the City of Virginia Beach and create more than 300 new high-tech jobs, it again demonstrates that the Commonwealth is a premier location for this booming sector and has the workforce it needs to thrive.”
DOMA Technologies was founded in 2000 as a cloud-based document management company.
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The Virginia Economic Development Partnership, in collaboration with the City of Virginia Beach, played a pivotal role in securing this project for the state.
DOMA Technologies’ job creation efforts will be supported through the Virginia Jobs Investment Program (VJIP).
It’s a resource offering consultative services and funding to companies establishing new jobs and supporting employee recruitment and training initiatives.