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VIRGINIA’S DATA CENTER PROVIDES A HOST OF BENEFITS BEYOND
SIGNIFICANT STATE AND LOCAL TAXES
▪
Data centers make significant tax contributions at all
levels of government allowing policymakers to fund
important civic priorities.
▪
Data centers require minimal public services while
generating significant tax revenue to fund community
programs and improvements.
▪
Data centers support the digitization of our economy,
widespread vehicle and building electrification,
onshoring of advanced manufacturing, growth in
controlled environment agriculture, and other 21st
century economic drivers.
▪
Data centers provide digital infrastructure that ensure
U.S. competitiveness in artificial intelligence and other
cutting-edge technologies, ensuring the nation’s
economic competitiveness and national security.
▪
The data center industry has accelerated the economy-
wide transition to clean energy and has created demand
for more clean energy in the regions where they
operate.
▪
Many data center owners and operators have
developed programs within their communities to support
academic achievement, grow the data center workforce,
and strengthen digital infrastructure.
$37 billion
Investments from the data center industry in
Virginia for FY 2022 and 2023
6,763 jobs
Direct jobs supported by participating data
centers in FY23
$3 billion
In state and local taxes generated over 5
years
$1.4 billion
State & local tax revenues net of notional
program cost ($1.6 billion)
Virginia’s Data Center Industry
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