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September 5, 2025 EDA/IDA minutes: Council interest in data centers

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EDA/IDA Board Meeting September 5, 2025 Page 3 Data Centers Mrs. Kingston remarked that City Council has expressed a keen interest in data centers and the potential tax revenue such developments might offer Newport News. She stated that to help educate the Board on the data center sector, she was pleased to introduce Vince Barnett with the Virginia Economic Development Partnership (VEDP). Mrs. Kingston explained that Vince is VEDP鈥檚 Industry Leader for Data Centers, providing leadership and expertise for the wider benefit of the Commonwealth. Mrs. Kingston added that prior to assuming this role in June 2022, Mr. Barnett served as VEDP's Vice President of Business Investment. She noted that Vince is a Newport News native who attended Virginia Commonwealth University and earned a BS in Mass Communications and Advertising. Mr. Barnett greeted and thanked the Board. Mr. Barnett described data centers as specialized facilities that house computer systems and other technology to store, process, and disseminate data. He emphasized that data centers are the backbone of the digital economy, powering essential services such as online banking, streaming, healthcare, education, and public safety. Mr. Barnett outlined the different data center types and use applications, highlighting the benefits of data centers for Virginia. Mr. Barnett referenced findings from the Joint Legislative Audit Review Commission (JLARC) report, reaffirming the industry鈥檚 far-reaching economic impact. He noted that JLARC emphasized strong regulatory frameworks already in place and encouraged localities to proactively update planning and zoning to manage growth. Mr. Barnett reported that many Virginia communities have already benefited from the industry鈥檚 economic contributions and shared that data centers support tens of thousands of jobs, billions in labor income, and add over $9B annually to the state鈥檚 GDP. Mr. Barnett discussed Virginia鈥檚 robust project pipeline, and emphasized that this pipeline demonstrates ongoing strength in the sector and significant opportunities within the Commonwealth. Mr. Barnett explained the primary selection factors for data center projects, stressing that abundant and affordable power is paramount. He added that site availability, water and fiber access, community support, and a competitive business environment are also critical considerations. Mr. Barnett advised that communities could distinguish themselves by adopting proactive strategies such as fast-track permitting, clear zoning, utility partnerships, and community engagement to address misconceptions about data centers. He reiterated
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