“Micron is a perfect fit for the Richardson Innovation Quarter and the dynamic environment it offers to help innovative companies thrive,” said Richardson City Manager Don Magner. “The IQ® is a hub where engineers, entrepreneurs, and educators come together to collaborate and learn from one another within a shared ecosystem of innovation. It’s been incredible to witness this community grow, and I know all the current businesses in The IQ® will be thrilled to welcome Micron as a new neighbor.”
Micron operates in more than 30 major cities worldwide, with a global team of 50,000 employees. The company has committed to occupying more than 60,000 square feet of office space at Collins Crossing, located at 1500 N. Greenville Avenue. Additionally, Micron plans to invest approximately $30 million in the first two years to fund tenant improvements, and the addition of furniture, fixtures, and equipment.
“As the only U.S.-based manufacturer of memory semiconductors, Micron is excited to continue to grow our R&D capability in Texas, with a focus on enabling future industry leading memory products,” said Scott DeBoer, Executive Vice President and Chief Technology and Products Officer at Micron. “By establishing our product development teams in the Richardson Innovation Quarter, we look forward to tapping into its strong ecosystem of innovation and actively participating in the Richardson community.”
The City of Richardson’s Economic Development Department invites businesses considering expansion or relocation to apply for a range of incentives available to entities that demonstrate a commitment to significant capital investments, notable job retention or creation, or long-term lease agreements.
Grant opportunities are available for:
- Building modernization,
- Tenant improvement,
- Permit fee waivers, and
- Job creation.
Each application is evaluated to ensure alignment with Richardson’s goals of fostering economic growth and enhancing the community’s competitiveness. For more information, visit www.RichardsonEconomicDevelopment.com.