MTX Group Inc., a premier global technology consulting firm, plans to establish a Northeast regional operations center in Waterbury, Vermont. The project is expected to create 250 hi-tech jobs in the next five years.

With a newly established and permanent presence in Vermont, MTX will continue to advance the state's IT modernization journey, supporting Governor Scott's initiative to set aside $53 million for a technology fund to jump-start a dozen IT projects across government agencies.

"Vermont's economic recovery path, as we define the new normal from this pandemic, requires investment from the private sector that aligns with the current administration's strategic goals: grow the economy; make Vermont more affordable and protect the most vulnerable," said MTX Founder & CEO Das Nobel.

MTX chose Vermont as a location after being authorized for a Vermont employment growth incentive with an enhancement for locating in a labor market area with higher unemployment than the State average. This incentive is earned if the company meets growth targets including hiring 250 employees in the next five years.

"MTX is committed to Vermont's economic recovery efforts with 250 hi-tech jobs while helping government agencies achieve outcomes in happiness, health and economics. At MTX, we are passionate about providing equal and growth opportunities to all, including embodying women in leadership, training and hiring veterans, and spearheading a one-year paid parental leave," Nobel added.

MTX Group Inc. is a global technology consulting firm powered by the Maverick Quantum (mavQ) Artificial Intelligence platform that enables organizations to modernize through digital transformation and strategy. With data as the new currency, the company helps organizations transform their long-term strategy with outcomes in mind around happiness, health, and economy.

"We want to thank MTX for choosing to expand their business in Vermont, bringing new jobs to the area," said Vermont Governor Phil Scott. "Companies like MTX, with a commitment to employees through high paying jobs, good benefits, training and professional development and a commitment to the community at large, will make a big difference in our efforts to move towards a more prosperous future across the state."