One corporation is setting the foundation for the future of memory products.
Community members received the inside scoop about Micron Technology’s expansion plans this week.
Representatives spoke at the Prince William Chamber of Commerce’s most recent Economic Development Committee meeting on Monday.
Founded in 1978, the company produces memory for vehicles, medical equipment and various devices.
Sixteen years ago, it opened the Micron Technology Virginia (MTV) facility in Manassas, which specializes in automotive memory.
Leaders had this focus in mind when announcing their plan to expand the Manassas site in August.
Through the project, Micron is investing $3 billion in memory production and creating at least 1,100 jobs by 2030.
“The expansion … was designed to facilitate Micron staying in the leadership position in the memory industry for automotive,” Finance Director Rick Wingo said.
In the first phase, 115,000 square feet of “cleanroom” will be constructed.
“That will increase our production capacity dramatically,” Wingo said.
A similar space will be built during the second step.
In addition to the expansion, participants learned about Micron’s role in local communities and the Commonwealth.
The corporation, a major exporter, brings $273.5 million into Virginia’s economy each year, according to Wingo.
It contributes $22.5 million to the City of Manassas and and $76.8 million to Prince William County, as well.
Additionally, Micron plays a significant role in the community by collaborating with school divisions and institutions.
It also supports local organizations, including Leadership Prince William.
“We are not operating in a vacuum,” Academic and Community Relations Manager Zuzana Steen said. “We need partners.”