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Technology Group Will Expand Headquarters in Crystal City, Virginia

04/03/2019
Technology Group, a fast-growing information technology and management consulting firm, will invest $5.1 million to relocate and expand its headquarters in Arlington County, Virginia.

The company’s new, 50,000-square-foot, state-of-the-art headquarters facility will be located at Presidential Tower in Crystal City. The project will create more than 128 new jobs as early as 2019 and boost long-term growth with a commitment to over 1,000 new high-paying jobs at the Virginia headquarters. The office will include a new iTG Design and Innovation Center, where clients, architects, and consultants will collaborate to develop leading-edge solutions to complex business problems.

“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,” said Andrew Fehretdinov, CFO of iTG. “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.”

Virginia Economic Development Partnership worked with Arlington County to secure the project for Virginia. Governor Northam approved a $450,000 grant from the Commonwealth’s Opportunity Fund to assist Arlington County with the project. iTG is also eligible to receive a Major Business Facility Job Tax Credit for new, full-time jobs created.

“iTG is both an innovative firm and homegrown small business whose success has resulted in significant job creation in our Commonwealth,” said Governor Ralph Northam. “The company’s decision to grow its headquarters in Arlington County is another example of how the region’s world-renowned tech talent and higher education system attracts and retains leading IT businesses of all sizes. We thank iTG for creating high-quality jobs in Arlington County and celebrate its plans for long-term growth that will benefit thousands of Virginians and enhance the Commonwealth’s technology pipeline.”

“Much of Virginia’s projected job growth in the coming years is expected to be in information technology, and pioneering businesses such as iTG play a pivotal role in strengthening and diversifying this critical industry,” said Secretary of Commerce and Trade Brian Ball. “As the company’s presence in Arlington County grows, so too will 21st-century job opportunities, and we are confident iTG will continue to contribute to Virginia’s growing reputation as one of the largest tech hubs in the United States.”

“Arlington is excited that iTG will continue to make Arlington its home,” said Arlington County Board Chair Christian Dorsey. “iTG has seen great success here, and in its new space is well-positioned to continue its growth in the field of information technology. We look forward to continue working with iTG as a valued partner in our business community.”

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