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$35 billion to be invested in Virginia by Amazon Web Services

Business$35 billion to be invested in Virginia by Amazon Web Services

Amazon.com Inc’s cloud services division on Friday announced plans to invest an additional $35 billion in expanding its data centers in Virginia by 2040.

Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Republican Virginia Governor Glenn Youngkin said AWS will build multiple data centers on his campus across Virginia.

Amazon Web Services
Photo Credit: Reuters
Amazon announced its “HQ2” in Virginia in 2018

In 2021, AWS said he will invest $35 billion in data centers in Northern Virginia from 2011 to 2020, and data centers in the state where he will have 3,500 full-time employees. said.

Subject to legislative approval, Virginia is developing a new “Mega Data Center Incentive Program” that will allow the company to extend data center sales and use tax exemptions for equipment and software for up to 15 years.

AWS is also eligible for federal grants of up to $140 million for “site and infrastructure improvements, staff development, and other project-related expenses.”

Amazon shares fell 3.8% on Friday to close.

Amazon announced in 2018 that after a long race, he would have a second headquarters in northern Virginia called “HQ2”, where he would eventually employ more than 25,000 people. Amazon said in April that the site has about 5,000 employees.

Youngkin has been criticized for withdrawing from the race to win his Ford Motor’s new battery plant in China, the world’s largest battery maker, which will be built in conjunction with Contemporary Amperex Technology Co Ltd (CATL). it was done.

Jonkin defended his own decision on Friday, telling Bloomberg his news: “I’m thrilled to bring a great company out there. It’s not going to be something like using some kind of Trojan horse relationship with the Chinese Communist Party to win.”

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