Amazon Web Services to invest $35 billion in new Virginia data facilities
Amazon Web Services plans to invest $35 billion in new Virginia data facilities.
The proposal still need parliamentary approval for the millions of dollars in incentives, but leaders of both parties in the General Assembly have proclaimed their support.
The locations of the data centres, which must be built by 2040, will be determined later.
Amazon is projected to benefit from the new Mega Data Center Incentive Program, as well as a grant of up to $140 million for workforce development, site improvements, and other costs.
The enabling legislation under consideration by the General Assembly will grant data centres temporary exemptions from a Virginia sales and use tax.