Technomics, Inc., a decision analysis company that specializes in cost analysis, data management, and data analytics, will expand its operations in Arlington County, Virginia. The $1.7 million project is expected to create 150 jobs.

The company is leasing an additional 10,000 square feet of space at 1225 South Clark Street to increase capacity.

“In these financially challenged times, our federal clients need greater support to help them better manage their scarce resources. Because of its vicinity to many of our clients and employee-owners, Arlington County is the perfect location for our expansion,” said Al Leung, President & CEO of Technomics. “In fact, the need is so high that just as our expansion came to a close, we began to actively pursue an additional 10,000 square feet of space, also in Arlington County, to be dedicated to clients requiring compliance with highly specialized technical requirements.”

The Virginia Economic Development Partnership (VEDP) worked with Arlington County to secure the project for Virginia and will support Technomics’ 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.

As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for citizens.

“We are pleased to support the growth of Technomics in Arlington County,” noted Secretary of Commerce and Trade Caren Merrick. “Northern Virginia’s world-class talent, data infrastructure, and access have provided an ideal location for the company to thrive for more than 20 years, and we are committed to our continued partnership.”

Technomics is a growing, employee-owned consulting firm that specializes in the field of weapon system cost analysis. The company serves senior government decision makers in shaping future Department of Defense budgets for the nation’s most critical and technologically advanced weapon system programs.