TTM Technologies, a leading global provider in printed circuit board fabrication, offers a diverse portfolio of PCB products, including conventional, high-density interconnect (HDI), flexible, rigid-flex, backplane assemblies, and substrate-like PCBs.
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TTM Technologies’s Expand :
Plans to upgrade its operations in Loudoun County with a $13.4 million investment, aiming to create 43 new jobs. The Board of Supervisors is expected to approve a $150,000 Commercial Business Incentive Fund grant and the state government is offering $36,750 through the Virginia Jobs Investment Program grant to support this initiative.
As per details provided to the county board, the investment is anticipated to yield $250,000 in fresh tax revenue over the next three years. Established in 1998, TTM Technologies, known as TTM for “time to market,” produces mission systems, RF components, and advanced printed circuit boards.
TTM Technologies, Headquartered in California, the company employs over 200 individuals at its Loudoun facility. The upcoming initiative entails acquiring $13.4 million worth of equipment and undertaking a $1.3 million renovation of its Severn Way plant.
As indicated by the Department of Economic Development, TTM Technologies had contemplated expanding its operations in various states including California, Colorado, Connecticut, North Carolina, Ohio, or Oregon.
The publicly traded company is in the process of consolidating and modernizing its facilities. Additionally, it recently disclosed plans in November to construct a $130 million manufacturing plant adjacent to its existing operations near Syracuse, NY.
Governor Glenn Youngkin highlighted TTM Technologies’ expansion as evidence of Virginia’s robust tech and manufacturing ecosystems, capable of supporting corporate growth in competitive global industries.
He emphasized the significance of reshoring complex printed circuit board production to Virginia, praising the state’s favorable business climate, workforce, and location. County supervisors in Loudoun welcomed the investment, considering it a vital addition to the region’s business landscape. County Chair Phyllis J. Randall underscored the economic diversification and the confidence exhibited by companies in Loudoun’s potential for business expansion.
Supervisor Koran Saines (D-Sterling) described TTM Technologies’ commitment to Loudoun as evidence of the region’s strong local economy and skilled workforce. He emphasized that the expansion would create valuable job opportunities for skilled workers in Loudoun, further cementing the county’s reputation as a leader in advanced manufacturing.
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