The data center industry brings $1.2 billion in tax revenue into the Virginia economy annually, including $1 billion to local municipalities and $174 million to the state, according to a new study from the Northern Virginia Technology Council.
Google has completed the latest phase of construction at its data center in Council Bluffs, Iowa, bringing its total investment in its Iowa campus to $5 billion. The milestone is the latest sign of the extraordinary growth of the data center industry in Iowa,
Data centers have provided an economic cushion for hard-hit county budgets in areas with clusters of cloud computing campuses. Data centers have been in growth mode, providing a bright spot as the pandemic has depressed revenues for state and county governments.
Tax revenues have surged in Loudoun County, Virginia, boosted by taxes from the growing data center cluster in Ashburn’s Data Center Alley. The windfall highlights the potential for data centers as engines for economic development.