CHESTERFIELD, Va. (AP) -- Global toy manufacturer the LEGO Group plans to invest more than $1 billion to build a factory in suburban Richmond, Virginia.

Gov. Glenn Youngkin made the announcement Wednesday.

The factory is expected to open in 2025. It will feature a carbon-neutral design including an on-site solar park and will employ more than 1,760 people.

The Virginia factory will be the seventh globally for the family-owned company headquartered in Billund, Denmark.

Construction is expected to commence this fall. The project will be eligible for tens of millions of taxpayer-funded incentives.