Virginia has extended its data center economic incentives through 2035, ensuring that one of the industry’s major markets will remain competitive amid rising demand for large data center campuses. Virginia’s existing incentives were scheduled to expire in June 2020.
Extending the incentives, which offer exemptions for sales and use taxes for data center companies that invest more than $150 million in computer equipment and software, will help Virginia keep pace in an increasingly competitive environment for large data center projects.
Although Virginia’s incentives were more than four years from expiration, data center providers and economic development officials can now provide long-term visibility into operating costs in the state.
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