Manassas is considering a significant tax incentive to support Micron Technology Inc.'s planned expansion, which includes a $2 billion capital investment in its semiconductor manufacturing facility. The proposal, set to be discussed at the Manassas City Council meeting on Monday, February 10, 2025, would extend Micron’s favorable tax classification for semiconductor equipment through 2035.
The expansion comes as Micron is slated to receive $275 million from the U.S. Department of Commerce under the CHIPS and Science Act, a federal initiative to boost domestic semiconductor production. The funding will help Micron modernize and expand its Manassas facility, particularly by onshoring its 1-alpha DRAM technology, which improves memory chip performance and power efficiency. The project is expected to create over 400 direct manufacturing jobs and up to 2,700 indirect jobs at its peak.
City’s Proposed Tax Incentive