Virginia Gov. Terry McAuliffe announced Tuesday that Carfax plans to invest a total of $15.8 million to expand its headquarters and upgrade its nearby data center operation.

Expecting to create 120 new jobs, Carfax’s current plans include a $5 million investment to expand its Fairfax County headquarters in Centreville, Va., as well as a further $10.8 million investment to upgrade its data center in nearby Loudoun County.

“Carfax is a great example of a company that is diversifying the Fairfax County economic base as it grows,” said Gerald Gordon, the president and chief executive officer of the Fairfax County Economic Development Authority (FCEDA). “This is a leading firm in the automotive sector that is taking full advantage of the excellent workforce we have, and I am delighted to see that the company is expanding its data center capabilities in the Commonwealth as well as expanding its headquarters here.”

Dick Raines, Carfax’s president, explained some of the thought process involved behind bolstering his company’s infrastructure.

“Fairfax County is a special place that has been home to Carfax for more than 20 years,” Raines said. “With ready access to the I-66 corridor, our corporate headquarters in Centreville has proven a desirable location for our staff, the majority of whom call the county home. We’ve maintained a diverse workforce, with myriad career opportunities in sales, marketing, account management, business development, technology, product management, IT, finance, and legal. Our staff consistently votes us a best place to work and a big part of that success is made possible by our residence in Fairfax County.”

According to the FCEDA, it worked with the Virginia Economic Development Partnership to secure the headquarters expansion for Virginia. McAuliffe approved a $150,000 grant from the Commonwealth Opportunity Fund to assist Fairfax County with the project; funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.