Amazon Web Services (AWS) plans to invest US$35 billion by 2040 to establish multiple data center campuses across Virginia.
The Commonwealth of Virginia is developing a new Mega Data Center Incentive Program. The new program includes up to a 15-year extension of Data Center Sales and Use tax exemptions on qualifying equipment and enabling software. In addition, and also subject to approval by the General Assembly, AWS will be eligible to receive an MEI custom performance grant of up to $140 million for site and infrastructure improvements, workforce development, and other project-related costs.
“AWS has a significant presence in Virginia, and we are excited that AWS has chosen to continue their growth and expand their footprint across the Commonwealth,” said Glenn Youngkin, Governor of Virginia. “Virginia will continue to encourage the development of this new generation of data center campuses across multiple regions of the Commonwealth. These areas offer robust utility infrastructure, lower costs, great livability, and highly educated workforces and will benefit from the associated economic development and increased tax base, assisting the schools and providing services to the community.”
“With the highest concentration of tech talent in the U.S., Virginia boasts one of the largest data center workforces in the nation—an advantage that sets us apart and directly benefits an industry leader like AWS,” said Secretary of Commerce and Trade Caren Merrick. “We thank AWS for its commitment to the Commonwealth of Virginia and look forward to a continued partnership in the years to come.”
“Virginia is a world leader in innovation and cloud computing, thanks to its investment in a robust, highly-skilled workforce and emphasis on long-term public and private partnerships,” said Roger Wehner, Director of Economic Development, AWS. “Since 2006, AWS has invested more than $35 billion in Virginia, boosting the Commonwealth’s total Gross Domestic Product by nearly $7 billion and supporting thousands of jobs annually. Building on these successful beginnings, we plan to invest an additional $35 billion in the Commonwealth of Virginia by 2040 and create 1,000 jobs.”