The Schenectady County Metroplex Commission approved a $100,000 grant in October to help with the move into 9,000 square feet of office space on the third floor of the State Street Building above the BTM Movieland complex.
The State Street office space will be home to Dallas-based MTX technology consulting firm and mavQ, a technology company that has developed an artificial intelligence-driven platform.
The move will create 25 new jobs in the city, as the tech company plans to expand in the coming months and years.
“We will grow,” MTX Group president Mahesh Nathanmai said Thursday. “Every year we hire 50 to 70 people from the university who are deployed across the country. Now that we have an office here, we are hopeful we can get many more people here.”
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Metroplex Chairman Ray Gillen said MTX signed a long-term lease for the space, formerly occupied by Siemens Technology Company.
“We are actively seeking new office tenants for the county,” Guillen said Thursday. “We are gaining tenants while other communities are losing tenants.”
The Schenectady location will be MTX’s fourth office in the U.S., in addition to two locations in India.
“You are integrated into the fabric of this community, you are integrated into the history of this community,” Schenectady Mayor Gary McCarthy told the new residents at Thursday’s opening ceremony. “More importantly, you will be important partners in the future of this city and this region.”
Das Nobel, CEO and founder of MTX Group, said the company opened its first office in Troy in 2017 and later established an office in Albany.
“We’ll be great partners and work together to improve our team and our community,” Norvell said. “We don’t have anything great about us, we just show up to work every day, build trust and do the little things right.”
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mavQ CEO Vamsi Vadiraja said Thursday the company is focused on hiring local workers.
Schenectady County Council Chairman Gary Hughes said the work the Metroplex has done to build out its downtown business district is paying off, with MTX and mavQ office space located near Transfinder’s headquarters on State Street.
“I think people who want to invest and create jobs are finding that they’re welcome in Schenectady and there are no roadblocks,” Hughes said. “It’s going to be done according to regulations and laws, but we’re not going to put barriers in front of them. We’re going to make it simple and seamless.”
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Nathanmai said the downtown location is attractive to the company and its employees because restaurants, such as Proctors, and cultural attractions are within walking distance of the office.
“It’s a great day because it shows that businesses are coming to Schenectady to invest,” said Rep. Angelo Santabarbara, a Democrat from Rotterdam. “They like what’s here, they like the partnership, and that’s why they chose Schenectady.”
