Amazon Web Services plans to invest $35 billion in new data center campuses across Virginia through 2040, Gov. Glenn Youngkin announced Friday, and with that commitment, the cloud computing giant could secure more cash grants from the commonwealth.
Per the release from Youngkin’s office, the cloud computing arm of Amazon.com Inc. (NASDAQ: AMZN) will establish “multiple data center campuses,” with “numerous localities” under consideration. Ultimately, Youngkin’s office said, the investment will create 1,000 new jobs.
In return, per the release from the Republican governor’s office, Virginia is working on a “Mega Data Center Incentive Program,” to include a custom performance grant for AWS of up to $140 million “for site and infrastructure improvements, workforce development and other project-related costs,” in addition to up to a 15-year extension of the state’s data center sales and use tax exemption. Youngkin’s release suggests the incentive package has already…
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