Did you know that Virginia is the No. 1 market for data centers in the United States? Even more interesting, the data center market in Virginia is larger than the data center market in any other entire country in the world. The impact of this market leadership is that data centers are bringing billions of dollars into the New Virginia Economy.
A recent report prepared by Mangum Economics and published by the Northern Virginia Technology Council (NVTC) shows how the success of data centers in Virginia is improving the quality of our lives. I call it the “Data Center Multiplier Effect.”
First, there is The Jobs Multiplier. Every job in a data center creates two jobs in companies that serve the data centers. These are good jobs in engineering, technology services, software development, and operations – paying on average twice the private-sector wages in Virginia. And 25 percent of these jobs are located outside of Northern Virginia in Central Virginia, Hampton Roads, and Southern Virginia. All told, data centers in Virginia create 43,000 jobs and $3.2 billion in wages.
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