TechArk Solutions is set to expand its Norfolk headquarters in a move that will see more than $100,000 invested to improve its facility and create eight new high-tech, high-wage jobs in the area. The announcement was made by the Norfolk Department of Economic Development, marking another significant step in the TechArk Solutions Norfolk expansion. The firm, which recently made the Inc. 5000 list of fastest-growing companies, is located in the Norfolk Innovation Corridor (NIC), a designated Technology Zone. The expansion is viewed as a testament to Norfolk’s attractiveness for tech businesses and the NIC’s role in nurturing and attracting such companies. TechArk’s CEO, Pratik Kothari, praised the benefits of being based in the NIC, including increased visibility and access to talent from nearby universities.
TechArk Solutions Expansion
TechArk Solutions to invest in its Norfolk headquarters and create new jobs
NORFOLK, VA – The Norfolk Department of Economic Development announced today that TechArk Solutions plans to expand its Norfolk-based headquarters. TechArk will invest over $100,000 to improve its present facility located within the Norfolk Innovation Corridor (NIC) – a Technology Zone – and create eight new high-tech, high-wage jobs in Norfolk. TechArk was recently included in the annual Inc. 5000 list, a prestigious ranking of the fastest-growing companies in the country.
Mayor’s Statement
“TechArk Solutions’ decision to continue to invest in its Norfolk headquarters and create additional high paying jobs underscores that Norfolk remains one of the very best places for technology businesses in the U.S.,” said Norfolk Mayor Kenneth Cooper Alexander. “The internationally recognized Norfolk Innovation Corridor TechArk calls home, continues to reinforce the compelling case that Norfolk is the place for innovative companies to find talent and grow.”
TechArk’s Success
“TechArk has continued to make significant investments in building a strong team of website designers and experienced digital marketing professionals. Moving to the Norfolk Innovation Corridor in 2016 was a strategic move for us,” said Pratik Kothari, Founder & CEO of TechArk Solutions. “It has continued to pay dividends for our business with the increased visibility to the hundreds of businesses in and around Downtown Norfolk. Additionally, our access to the talent from the various universities nearby has been very rewarding as we continue to grow and build our team. We remain extremely happy and excited about the decision to invest in Norfolk and NIC.”
Norfolk Innovation Corridor
“TechArk Solutions is one of Norfolk Innovation Corridor’s shining stars,” said Linda Peck, Executive Director of the Norfolk Innovation Corridor. “The company’s commitment to stay in the NIC epitomizes how Norfolk’s entrepreneurial ecosystem supports growing technology businesses.”
Economic Development Impact
Jared Chalk, Director of Norfolk’s Department of Economic Development, stated, “This expansion by TechArk further validates the Norfolk Innovation Corridor’s critical role in growing and attracting technology companies while serving as a magnet for an influential, talented and diverse workforce.”
About Norfolk Innovation Corridor
The Norfolk Innovation Corridor is a public-private partnership with the Greater Norfolk Corporation, the City of Norfolk, and the Norfolk business community. The NIC recently received recognition from the International Economic Development Council for its support of technology businesses in Norfolk. Under state law, the City of Norfolk opted to designate the NIC as a “Technology Zone,” enabling businesses to receive tax relief for qualifying investments and job creation within the zone, in addition to benefiting from the densely clustered assets and talent readily available within the corridor.
About TechArk Solutions
TechArk Solutions was formed in 2012 by CEO Pratik Kothari. TechArk is a Norfolk-based digital solutions company specializing in website development, digital marketing, custom software and app development. TechArk’s experienced developers, designers, and digital marketers have won multiple awards and continue to promote their core values of integrity, innovation, and quality. TechArk is a steadfast supporter of Norfolk and Hampton Roads – contributing to numerous volunteer projects across the region, including partnering with more than 50 nonprofits.
Question & Answer
What is the announcement made by the Norfolk Department of Economic Development regarding TechArk Solutions?
The Norfolk Department of Economic Development announced that TechArk Solutions plans to expand its Norfolk-based headquarters, investing over $100,000 to improve its facility and create eight new high-tech, high-wage jobs in the area.
Why is TechArk Solutions considered a significant company in Norfolk?
TechArk Solutions is considered significant in Norfolk as it was recently included in the Inc. 5000 list of fastest-growing companies in the country and is located in the Norfolk Innovation Corridor (NIC), a designated Technology Zone.
What benefits does TechArk Solutions’ CEO, Pratik Kothari, mention about being based in the NIC?
TechArk’s CEO, Pratik Kothari, praised the benefits of being based in the NIC, including increased visibility and access to talent from nearby universities.
How does the Norfolk Innovation Corridor support growing technology businesses?
The Norfolk Innovation Corridor supports growing technology businesses by serving as a magnet for an influential, talented, and diverse workforce, as stated by Jared Chalk, Director of Norfolk’s Department of Economic Development.
