Digital technology firm MicroStrategy will invest $6 million and add 300 jobs at its headquarters in Tysons Corner.
Gov. Ralph Northam announced the news Monday morning, as well as a $1 million grant from the Commonwealth’s Opportunity Fund to assist the county in the project, according to a news release.
“The relationship between MicroStrategy and Fairfax County, Virginia has produced great benefits both for the company and for this commonwealth,” Northam said in a statement. “Virginia is home to the strongest IT workforce in the nation, and the company will continue to benefit from our exceptional talent pool and technology infrastructure that continues to attract major corporate headquarters to Northern Virginia.”
With 800 current employees, MicroStrategy is located at 1850 Towers Crescent Plaza.
“We have chosen Fairfax County, considered the East Coast center of technology innovation, for its proximity to the nation’s capital, a vibrant business community, access to several international airports and Metro’s Silver Line, and an incredibly diverse and highly educated workforce,” said Michael J. Saylor, CEO of MicroStrategy Incorporated. “We are delighted to be part of this dynamic and growing local community.”
The Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority to secure the project for Virginia and former Gov. Terry McAuliffe approved the $1 million grant.
“MicroStrategy is a prime example of the kind of company that can take advantage of the diversified technology ecosystem we have developed in Fairfax County and the tech-savvy workforce here,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority.