Micron Technology, Inc. will invest $3 billion to expand operations and increase memory production at its facility Manassas, Virginia. The company plans to create 1,100 new jobs by 2030.

According to Governor Ralph Northam’s Office, Virginia successfully secured Micron’s commitment after the company considered multiple other locations around the world. The expansion will position the Manassas site as Micron’s Center of Excellence for long-lifecycle memory and will cement the company’s position as one of Virginia’s largest exporters, as it is expected to increase exports from the Commonwealth by more than $1 billion annually after completion.

As part of the expansion, Micron will establish a global research and development center in Manassas for memory and storage solutions primarily focused on the automotive, industrial and networking markets.

“Micron’s Manassas site manufactures our long-lifecycle products that are built using our mature process technologies, and primarily sold into the automotive, networking and industrial markets,” said Micron President & CEO Sanjay Mehrotra. “These products support a diverse set of applications such as industrial automation, drones, the IoT (Internet of Things) and in-vehicle experience applications for automotive. This business delivers strong profitability and stable, growing free cash flow. Micron is grateful for the extensive engagement of state and local officials since early this year to help bring our Manassas expansion to fruition. We are excited to increase our commitment to the community through the creation of new highly skilled jobs, expanded facilities and education initiatives.”

The research and development center will include laboratories, test equipment and approximately 100 product engineers focused on applications such as unmanned and autonomous automotive systems, the IoT (Internet of Things), and other industrial and networking applications. Additionally, the company announced that the Micron Foundation, the company’s philanthropic organization, will commit $1 million toward growing the next generation of scientists, engineers and technicians at several Virginia universities and community colleges.

The Virginia Economic Development Partnership worked with the City of Manassas and the General Assembly’s Major Employment and Investment (MEI) Project Approval Commission to secure the project for Virginia. Micron will be eligible to receive an MEI custom performance grant of $70 million for site preparation and facility costs, subject to approval by the Virginia General Assembly. Additionally, the City of Manassas and utility partners are providing a broader, comprehensive support package to enable the expansion, including substantial infrastructure upgrades and additional incentives.

“Micron’s expansion in the City of Manassas represents one of the largest manufacturing investments in the history of Virginia and will position the Commonwealth as a leader in unmanned systems and Internet of Things,” said Governor Northam. “This $3 billion investment will have a tremendous impact on our economy by creating 1,100 high-demand jobs, and solidifies Micron as one of the Commonwealth’s largest exporters. We thank Micron for choosing to deepen their roots in Virginia and look forward to partnering in their next chapter of major growth.”

“Micron’s planned expansion and unprecedented investment demonstrates the company’s long-term commitment to its workforce, the City of Manassas, and the Commonwealth,” said Secretary of Commerce and Trade Brian Ball. “This tremendous project involves collaboration from state and private-sector partners as well as several of Virginia’s esteemed universities, and its extensive benefits are far-reaching into the future. We are proud to have a company of Micron’s caliber on the Commonwealth’s corporate roster.”