By Tim Ryan
In a significant boost to the technology sector in Virginia, Governor Glenn Youngkin has announced a major development set to redefine the business landscape in Virginia Beach. DOMA Technologies, a pioneering software and digital transformation company, is gearing up for an ambitious expansion in the city. This move underscores Virginia’s growing stature in the tech world and promises a brighter future for local talent and the community.
A New Chapter for DOMA Technologies
The expansion involves a substantial investment of $3.7 million, paving the way for establishing a new 69,000-square-foot headquarters in Virginia Beach. This facility is not just a building; it’s a symbol of growth and potential, expected to house nearly 500 employees over the next three years. This is more than just numbers; it’s about creating opportunities and fostering a culture of innovation and excellence.
Virginia’s Tech Sector: A Growing Ecosystem
Governor Youngkin’s comments highlight the strategic vision behind this expansion. “DOMA Technologies’ decision to expand in Virginia Beach showcases Virginia’s ongoing technology sector growth,” he remarked. This move is a testament to Virginia’s commitment to nurturing an ecosystem conducive to technological innovation, backed by significant investment and a focus on developing tech talent.
More Than Jobs: A Commitment to Community and Innovation
Secretary of Commerce and Trade, Caren Merrick, emphasized the broader impact of DOMA’s decision. The creation of over 300 new high-tech jobs is not just about employment; it’s about strengthening the community and reinforcing Virginia’s position as a hub for the tech sector. DOMA’s commitment to hiring from the veteran community highlights its dedication to inclusivity and community development.
DOMA’s Vision for Virginia Beach
Pat Feliciano, DOMA’s Founder and President, envisions the company as a beacon of software innovation for the city, state, and the broader region. Leveraging cutting-edge technology like machine learning and artificial intelligence, DOMA aims to bridge the gap between data and decision-making, crafting a unique identity in the area. This investment is a significant step towards realizing that vision.
Local Leaders Celebrate DOMA’s Expansion
Virginia Beach Mayor Bobby Dyer and Senator Bill DeSteph echoed the sentiment of growth and success, acknowledging the role of partnerships in fostering business growth. They highlighted DOMA’s expansion as a story of vision, tenacity, and collaboration, contributing significantly to the local economy.
Delegate Anne Ferrell Tata added, “This is great news for Virginia Beach residents,” pointing to the positive impact of the expansion on the local community and the business climate.
DOMA: A Journey of Innovation and Partnership
Founded in 2000, DOMA started as a cloud-based document management company and has since become a digital transformation leader. With a team of over 200 experts, DOMA has been a strategic partner for federal and private sector clients, guiding them through their unique digital transformation journeys.
Supporting Growth and Talent Development
The Virginia Economic Development Partnership, in collaboration with the City of Virginia Beach, played a pivotal role in securing this project for Virginia. The Virginia Jobs Investment Program (VJIP) will support DOMA Technologies’ job creation, showcasing Virginia’s dedication to job opportunities and economic development.
The Future Looks Bright
DOMA Technologies’ expansion is more than a business development; it’s a beacon of hope and a promise of a vibrant, innovative future for Virginia Beach and the wider region. It symbolizes the potential that technology and collaboration hold in transforming communities and economies. As DOMA grows, so does the promise of a more connected, innovative Virginia Beach, setting a precedent for others to follow.
For more insights and updates on innovations and entrepreneurial developments in the Hampton Roads region, stay tuned to Innovate Hampton Roads by subscribing to our weekly newsletter.