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AWS to invest $35 billion expanding Virginia data center footprint

Virginia, (Qnnflash) – Governor Glenn Youngkin and the Virginia Economic Development Partnership have announced that Amazon Web Services (AWS) plans to invest $35 billion by 2040 to establish multiple data center campuses across Virginia. While AWS already has a substantial presence in the state, the new investment is set to create at least 1,000 total new jobs.

The investment is considered the largest economic development capital investment in Virginia’s history and will be directed towards creating expandable capacity for AWS’s long-term growth in the Commonwealth. The exact locations for the new data center campuses are yet to be decided, with “numerous localities” under consideration.

AWS Director of Economic Development, Roger Wehner, praised Virginia’s innovation and cloud computing leadership, highlighting the company’s previous $35 billion investment in the state, which has boosted the Commonwealth’s GDP by nearly $7 billion and supported thousands of jobs annually.

Governor Glenn Youngkin expressed excitement about AWS’s decision to continue its growth in Virginia, encouraging the development of data center campuses across multiple regions of the Commonwealth.

Amazon already has a significant presence in Northern Virginia and is actively expanding in various locations, including Loudoun, Prince William, Fauquier, Culpeper, and Fairfax counties. While some of these expansion projects have faced local opposition, Virginia is reportedly considering tax incentives to encourage AWS’s investment in the state.

The Virginia Economic Development Partnership collaborated with the General Assembly’s Major Employment and Investment Project Approval Commission to secure the project and expand data center investment to new locations across Virginia. The Commonwealth is also developing a new Mega Data Center Incentive Program, which AWS will be eligible to receive. This program includes up to a 15-year extension of data center sales and uses tax exemptions on qualifying equipment and enabling software. Additionally, AWS may receive a custom performance grant of up to $140 million for site and infrastructure improvements, workforce development, and other project-related costs, pending approval by the General Assembly.

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