Fairfax based 22nd Century Technologies will invest $1 million expanding its headquarters and supporting 880 new jobs according to an announcement from Governor Glenn Youngkin.
The IT and workforce solutions powerhouse employees over 6,000 employees across 14 regional offices throughout Virginia and the rest of the country.
“Virginia has been a game changer for us,” said 22nd Century Technologies CEO Anil Sharma. “Since moving our operational headquarters here in 2008, we’ve grown from a $6 million business to a $600 million government contractor, driven by access to talent, partnerships and a pro-business environment. This expansion reflects our commitment to innovation and public service.”
The decision to expand in Virginia was initially made because of proximity to federal offices, but has since been driven by the state’s pro-business environment. (RELATED: DOGE-Style Audit in Richmond Finds 25% of Grants Failed City Standards)
“This company is a vital partner to the public sector, delivering innovative IT solutions and workforce support to government agencies at every level,” said Governor Glenn Youngkin. “We’re so proud that when great companies like 22nd Century Technologies are looking to expand and invest, they’re choosing Virginia to build their future.”
Late last year, 22nd Century Technologies acquired TreasurySoft, the development company behind a number of financial management software platforms. (RELATED: Youngkin Leads Trade Mission to France, UK for Jobs Push)
Late last year Virginia celebrated the founding of the state’s 10,000th new high-growth/high wage startup in the two years and last month the state announced that non farm payrolls showed a sizable month-over-month increase.
Lt. Governor Winsome Earle-Sears spent the day promoting “Working Wednesday” highlighting Virginia small businesses and state small business programs. She has made Virginia’s economic success during her and Youngkin’s tenure a cornerstone of her campaign.
Sharma, the CEO of 22nd Century Technologies, is a true “American Dream” story. He started his career as a temp worker in Detroit before teaming up with a friend to build the company in Stamford, CT. The company suffered tremendous setbacks in the aftermath of 9/11 and again in the 2007 financial meltdown. In 2008 Sharma relocated the company to Northern Virginia where the tech company has blossomed.