Virginia Data Centers Supported 78,140 Jobs and $31.4 Billion in Economic Output in 2023
MCLEAN, Va., May 1, 2024 /PRNewswire-PRWeb/ -- The Northern Virginia Technology Council (NVTC), the trade association representing the region's technology community, today released a research report, "The Impact of Data Centers on Virginia's State and Local Economies" produced by Mangum Economics. The report highlights the data industry's crucial role in strengthening and diversifying the Commonwealth of Virginia's economy, as well as propelling innovation in the state.
- In 2023, new and expanding data centers accounted for 92% ($45.9 billion) of all new investment announced by the Virginia Economic Development Partnership.
- ● In 2023, the data center industry in Virginia provided approximately 12,140 operational jobs and 14,240 construction jobs.
- ● For every job inside a Virginia data center, an additional 3.5 jobs are supported in the rest of the Virginia economy, with 78,140 supported jobs in 2023.
- In 2022, data centers paid $640 million in taxes to the Commonwealth of Virginia and $1 billion to local governments in Virginia.