Microsoft Investing $64M In New Fairfax County, Virginia Location

The company will create 1,500 jobs at a new software development and R&D regional hub in Fairfax County, VA. 


https://businessfacilities.com/2020/05/microsoft-investing-64m-in-new-fairfax-county-virginia-location/
The company will create 1,500 jobs at a new software development and R&D regional hub in Fairfax County, VA. 
Facebooktwitterredditpinterestlinkedintumblrmail

Microsoft Investing $64M In New Virginia Location

The company will create 1,500 jobs at a new software development and R&D regional hub in Fairfax County, VA. 

Microsoft Investing $64M In New Fairfax County, Virginia Location

Microsoft Corp. will invest $64 million to establish a new software development and R&D regional hub in Fairfax County, VA, which will create 1,500 new jobs. The company will occupy 400,000 square feet in the Reston Town Center, anticipated to be ready for employees in summer 2021. The plans include a new retail space for engaging directly with customers.

Fairfax County, VA
Reston Town Center (Photo: HITT Contracting Inc.)

“One of Microsoft’s core principles is actively listening to our customers, so we can build and improve our technology based on their feedback. Being close to our customer base is extremely important to our ongoing collaborations,” said Terrell Cox, general manager at Microsoft. “We’ve had a presence in Reston for many years now, and this expansion will allow Microsoft to deliver even more solutions from a region known for its innovation and passion for technology.”

Governor Ralph Northam met with Microsoft on an economic development mission at its headquarters in Washington in 2019.

“Virginia, like the rest of the nation, is facing unprecedented job loss due to COVID-19, so this announcement couldn’t come at a better time,” said Gov. Northam. “Microsoft Corp. and Virginia share a strong history, and we are proud that this major operation in Fairfax County will add to the company’s significant job count across our Commonwealth. Virginia is a leader in the information technology industry, and Microsoft’s continued investment here is a testament to our top-ranked business climate, infrastructure, and world-class workforce.”

Microsoft has had a presence in Virginia since 2002, with corporate locations in Reston and the Richmond area as well as an enterprise data center in Mecklenburg County.

The Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority and the General Assembly’s Major Employment and Investment (MEI) Project Approval Commission to secure the project for Virginia. Microsoft will be eligible to receive a MEI custom performance grant of $22.5 million, to be paid post-performance, subject to approval by the Virginia General Assembly. Microsoft plans to utilize the custom performance grant to fund partnerships with local college and universities to develop the tech talent pipeline for cloud computing and related degrees to support its local expansion.

“Microsoft is a valued corporate partner, and we are excited to see the company expanding its footprint at its new software and R&D regional hub in Fairfax County,” said Secretary of Commerce and Trade Brian Ball. “The creation of 1,500 new, well-paid jobs is obviously very welcome news during these economically challenging times. The demand for cloud services is steadily increasing, and Microsoft’s newest operation will serve its growing customer base while developing cutting-edge software and creating 21st-century tech jobs.”

“Microsoft can choose from any number of technology hubs for its operations, and we are so pleased that the company chose to expand its operations in Fairfax County and Northern Virginia,” said Victor Hoskins, President and CEO of the Fairfax County Economic Development Authority. “Because of our wealth of technology talent and the tech ecosystem here, this area is a great match for the company’s talent needs as well as its business goals.”

Want to learn more about Virginia corporate expansion?

Considering Virginia for your company’s relocation or expansion project? Check out all the latest news related to Virginia economic development, corporate relocation, corporate expansion and site selection.

Suggested Links:

LEAVE A REPLY