Digital Realty Trust Invests $150 Million To Expand Loudoun County, Virginia Data Center
07/10/2013
Gov. Bob McDonnell said, "Digital Realty maintains a strong Virginia presence, and with this major investment will grow and upgrade its operation in Loudoun County in order to more effectively serve customers with data centers located in the Commonwealth. The abundant data center infrastructure in Virginia, as well as our Sales & Use Tax Exemption incentive for data center owners and their tenants, are major benefits that put us at the forefront of this booming industry. This significant relief on computer equipment effectively lowers the total cost of ownership and operation, and enables Digital Realty and its customers to continue to grow and thrive in the Commonwealth."
"Digital Realty is an important corporate partner and among the major players in this competitive market that have recognized the benefits of a Virginia location," said Jim Cheng, Virginia Secretary of Commerce and Trade. "More than 50 percent of the world's Internet traffic passes through the Commonwealth's state-of-the-art infrastructure, and the company's significant investment and expansion is a testament to Virginia's leadership in the technology sector."
"This sales tax exemption is really a boon for our customers with data centers located in Loudoun County-already one of the most attractive data center markets in the country," said Michael F. Foust, Chief Executive Officer of Digital Realty. "The significant relief we and our customers expect to receive effectively lowers the total cost of ownership of our data centers in the area. We are very excited about this development and believe it further establishes Virginia as a key hub for companies seeking to locate or strengthen their east coast data center footprint."
The company will be eligible for a sales tax exemption on eligible data center computer equipment as a result of legislation passed in 2009 by the General Assembly. The Virginia Economic Development Partnership worked with Loudoun County to grant the exemption to Digital Realty.
"Loudoun County, Virginia is one of the strongest data center markets in the country, with five million square feet of data center space clustered in Data Center Alley, and another three million square feet in development," says Buddy Rizer, Assistant Director of the Loudoun County Department of Economic Development. "We're very pleased that Digital Realty, with more than one million square feet of space, is the largest data center operator in Loudoun County. And we look forward to the completion of their newest building, a 400,000-square-foot facility that will ultimately house 22 data centers.
Project Announcements
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024