The Virginian Pilot announced the three recipients of Virginia Beach investment grants. G2 Ops is one of them! Read the full press lease below.
“A trio of Virginia Beach technology companies is planning to create hundreds of new local jobs as part of new investment grants from the economic development authority.
DOMA Technologies, G2 Ops and InMotion Hosting were all awarded grants from Virginia Beach’s Economic Development Investment Program, according to a Nov. 19 announcement.
DOMA is a document scanning and digitizing business with locations in Virginia Beach, Raleigh, Charlotte and the Washington, D.C., area. The company digitizes anywhere from 4 to 5 million documents a month, according to president Pat Feliciano.
With its $180,000 grant, DOMA plans to grow from 175 to 475 full-time employees and move to a new location at 585 London Bridge Road. The average salary of the positions will be $33,000.
Web hosting and design company InMotion received an investment grant of $200,000. The company plans to spend an additional $10.8 million to consolidate two locations into new space at 555 S. Independence Blvd. The move is expected to create 50 job with an average annual pay of $51,064.
“InMotion Hosting is honored to have an opportunity to expand our footprint in the city of Virginia Beach through the purchase of a 61,000-square-foot building,” co-founder Sunil Saxena said in the announcement. “Over the past 15 years, the greater Virginia Beach region has provided us with extraordinary personnel talent who are truly dedicated in providing exceptional support and service to our customers worldwide.”
It was also rewarding to see local residents who began years ago in entry-level positions advance to leadership roles, fellow InMotion co-founder Todd Robinson said in the announcement.
G2 Ops is a systems engineering and cybersecurity company that contracts for clients like the Navy and other military branches. President Tracy Gregorio said her company is focused on risk mitigation and preventing security breaches before they become huge problems.
“No one has an unlimited budget, so you want to spend the money so you get the most benefit,” Gregorio said.
As part of the $20,000 grant’s conditions, G2 leaders plan to create 10 positions when they expand their facility at 2829 Guardian Lane. Those jobs are expected to have an average annual salary of $65,000.
Virginia Beach City Council began the investment grant program 25 years ago to help small businesses grow. The program is funded through the city’s 75 cents per pack cigarette tax.”
— Trevor Metcalfe”
Access the full press release here.