Microsoft Invests $346.7 Million in Virginia Data Center Campus
Microsoft announced the third expansion to its Mecklenburg County data center campus in the amount of $346.7 million. The project will create 90 new jobs for the Southern Virginia region.
Microsoft has made multiple investments in this campus, including an initial investment of $499 million in 2010, followed by a $150 million expansion in 2011 and another $348 million expansion in 2013.
This investment is fueled by continued customer demand for the company’s cloud services. The Mecklenburg County location remains one of Microsoft’s most advanced data center campuses. Its advanced cooling mechanics help reduce the company’s carbon footprint and environmental impact.
Public-private partnerships among Mecklenburg County, Dominion Virginia Power, the Virginia Department of Environmental Quality, the Mid-Atlantic Broadband Communities Corp. and VEDP helped secure this win for Virginia.
This project adds to Virginia’s robust data center industry. In 2013, the Commonwealth saw $1.4 billion in data center investment due to Virginia’s advanced broadband infrastructure, highly-skilled technology workforce, safe environment, competitive electric rates and Retail Sales and Use Tax Exemption.
To learn why approximately 650 data processing, hosting and related establishments have selected Virginia as their home, click here.
Mondelēz International Invests $40 Million in Henrico County
Mondelēz International announced that its U.S. subsidiary, Mondelēz Global LLC, will invest $40 million to expand its biscuit bakery in Henrico County.
The investment will establish a new high-tech manufacturing line for the company’s Ritz crackers, as well as add 38,000 square feet of space to the Henrico location. The company currently manufactures a number of Nabisco snacks at the facility, including Ritz, Wheat Thins and Premium crackers, Oreo and Chips Ahoy! cookies, and Nilla wafers.
The bakery has operated in Henrico County for more than 40 years and employs nearly 500 Virginians. This project will bring the manufacturing operation to nearly one million square feet and 10 lines.
Virginia was selected for this project due to the company’s positive experience with Henrico County’s advanced manufacturing workforce and central East Coast location, allowing the company to easily access its North American customers.
To learn why Virginia is home to more than 580 food processing companies that have announced more than $1.8 billion in investment over the last decade, click here.
Alcoa Invests $25 Million and Creates 75 New Jobs in Hampton
Alcoa recently announced plans to grow its Alcoa Power and Propulsion business in Hampton through a $25 million investment, which will add at least 75 new jobs.
As part of the company’s strategy to grow its aerospace business, Alcoa has developed a process called enhanced equiax casting (EEQ) that cuts the weight of its highest-volume jet engine blades by 20 percent, while improving aerodynamic performance.
The investment will add a new production line and modify machinery to produce the blades. The company plans to use advanced manufacturing technology, such as robotics and digital X-ray.
Alcoa has operated in Hampton for more than 40 years and is an anchor company in the community, currently employing 650 people.
Virginia won this project due to the company’s longstanding success in the region and the expertise of the Hampton Roads workforce in aerospace and advanced manufacturing.
To learn why more than 250 aerospace technology and equipment companies have made the Commonwealth their home, click here.
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