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Portland Becomes #1 Data Center Market in the World

Amazon Web Services Plans $35B Investment in VA Data Center Campuses

Amazon Web Services, an Amazon.com, Inc. company, plans to invest $35 billion by 2040 to establish multiple data center campuses across VA, according to the office of Gov. Glen Youngkin. The planned investment will create at least 1,000 total new jobs throughout the state.

Numerous localities in the Commonwealth are under consideration and will be decided at a later date. These new campuses will combine expandable capacity to position AWS for long-term growth in the Commonwealth.

Pending approval by the Virginia General Assembly, the Commonwealth is developing a new Mega Data Center Incentive Program, which the company will be eligible to receive. 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, AWS will be eligible to receive a grant of up to $140 million for site and infrastructure improvements, workforce development and other project-related costs.

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Office of the Governor of Virginia

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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