Bethesda IT Company To Expand Headquarters, Add 100 Jobs
InfoZen receiving loans from state, county
Bethesda information technology company InfoZen has received $300,000 in loans from the state and county to support the company’s plans to add 100 jobs and expand its Rockledge Drive headquarters in Bethesda, Gov. Larry Hogan announced Tuesday.
Founded in 1995, InfoZen provides software engineering, data management, and IT services management to the public sector. The company plans to add 25,000 square feet of office space and spent $2 million on improvements, according to a statement from the governor.
In September, the company won a $208 million contract from the Department of Homeland Security to provide IT that enables the U.S. Citizen and Immigration Services Office of Information Technology to deliver secure immigration services.
In addition to its Bethesda headquarters, the company has offices in 10 states, according to the company’s website.
To support the expansion, the Maryland Department of Commerce has approved a $200,000 conditional loan for the company through the Maryland Economic Development Assistance Authority and Fund.
Additionally, Montgomery County has provided a $100,000 conditional grant through its Economic Development Fund. The company is also eligible for a number of state and local tax credits.
The state loan is contingent on InfoZen leasing roughly 25,000 square feet and spend a minimum of $2 million on improvements, said Karen Glenn Hood, a spokeswoman with the Maryland Department of Commerce. Both the state and county loans require the company to retain its current 20 employees and add 100 new employees by December 2017, according to Hood and Peter Bang, economic development manager for the Montgomery County Department of Finance.
Editor's note: This story has been updated.