Microsoft to invest $402.4 million in Virginia
Virginia successfully competed against other sites in the U.S. for the project, which will create 42 new jobs. Microsoft’s original project in 2010 involved an investment of up to $499 million and 50 new jobs.
In 2011 the company invested an additional $150 million to expand the site, and in 2013 announced a $348 million expansion. In June 2014 Microsoft invested another $346.7 million, creating 90 new jobs.
The Virginia Economic Development Partnership worked with Mecklenburg County to secure the project for Virginia.
Governor Terry McAuliffe approved a $700,000 grant from the Commonwealth’s Opportunity Fund to assist Mecklenburg County with the project. The Virginia Tobacco Region Revitalization Commission approved $1.34 million in Tobacco Region Opportunity Funds for the project. ■