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~ Nancy Griffin-Bonnaire
The City of Manassas recently
released its 2024 Annual Report,
and
it's
filled
with exciting
news about how
the community
is growing and
t h r i v i n g -- i t ' s
truly worth a
celebration!
Manassas has witnessed some
amazing economic wins in both
the long- and short-term. Over the
last 10 years, the City's economy
has grown by an incredible 52%,
fueled by smart investments and
people earning more. In 2024, the
typical household income stood
at $117,919, and the value of
homes in Manassas went up by an
impressive 10.8%. Plus, the City's
manufacturing jobs continue to
pay well, boasting the third-highest
manufacturing wage in Virginia at
$2,286 per week.
Micron's announcement of a $2.14
billion expansion was a huge
milestone for the local economy. This
isn't just a big number; it means 340
brand-new jobs in Manassas. This
builds on Micron's earlier $3 billion
commitment that made the City a
global hub for memory technology.
Now, with Micron investing more
than $5 billion, Manassas has
transformed into a powerhouse
for advanced manufacturing and
cutting-edge semiconductors. This
latest investment even includes
a significant award from the U.S.
Department of Commerce, which
will strengthen the nation's supply
chain.
Micron has been an extraordinary
partner since they first came to
Manassas in 2002--they are one
of the City's biggest taxpayers,
utility customers, and employers.
This relationship has only gotten
stronger, in part thanks to Micron
leading the way in developing new
talent through the Virginia Alliance
for Semiconductor Technology
(VAST). This program helps to
ensure we recruit, develop, and
retain the skilled workforce needed
for current and future innovations.
The report also highlights great
things happening across the City,
from revitalized neighborhoods to
a booming aerospace industry. We
should all take pride in our award-
winning workforce programs, like
2024 Economic Development
Annual Report:
Manassas Businesses are Thriving
Grow Manassas and GRADUATE!,
which have provided valuable,
free training to
hundreds of our
residents, helping
them build better
careers.
With top credit
ratings from S&P
and Moody's,
Manassas stands out as a clear
leader in economic development
in the region. Its diverse range of
major employers, from healthcare
to manufacturing and government
contracting, gives Manassas
an incredibly stable economic
foundation. This variety not only
offers a broad range of career
opportunities for residents, it helps
keep taxes low for Manassas
households.
Here's a quick look at Manassas
industries by the numbers:
· Professional and business
industries: 21%
· Education and health services:
20%
· Trade, transportation, and
utilities: 15%
· Leisure and hospitality: 11%
· Manufacturing: 9%
· All other industries: 24%
2024 Manassas Growth Snapshot:
· Our population is growing:
42,696 residents
· Homes are valuable: Median
housing value of $434,000
· We're attracting talent: More
people commute into Manassas
for work than out (19,220 total)
· Live and work local: 2,286
residents both live and work in
the City
· Incomes are up: Median
household income of $117,919
· Strong job market: 97.3%
employment rate
· Property values increasing:
10.8% rise
· Healthy workforce: 23,434
employed individuals
"This report is more than just
numbers," says Director of Economic
Development Patrick Small. "It's a
reflection of the partnerships, talent,
and innovation that make Manassas
a standout community for business
and quality of life."