AWS is set to invest $35 billion in one of its most troubled cloud regions in the US. The company will invest the funds in Virginia by 2024 and in the process create 1,000 jobs.
AWS Is Set To Invest $35 Billion in One of Its Most Troubled Cloud Regions in the US
Amazon web services have now unveiled its plans to invest $35 billion in the state of Virginia in the US in a bid to expand its operations in the region between now and 2040.
Virginia s you should know is home to the US-EAST-1 region of the company which has suffered major outages and many other problems in recent years thus leading some persons to cite that it is a major cause of concern in the ability of amazon to handle crisis.
AWS Has Been Operating In the State Since 2006
AWS has since 2006 been operating in the state and then later selected Virginia to open up a second headquarters in 2018 which it reportedly calls HQ2.
Glenn Youngkin, the governor of Virginia announced that the plan which he believes will create a least 1,000 new jobs in the region has continued to show a clear interest in the industry within his state:
Governor of Virginia’s Announcement
“Virginia will continue to encourage the development of this new generation of data center campuses across multiple regions of the Commonwealth. These areas offer robust utility infrastructure, lower costs, great livability, and highly educated workforces and will benefit from the associated economic development and increased tax base, assisting the schools and providing services to the community.”
Reuters also reported that the cloud storage company already had invested $35 billion in northern Virginia data centers between 2011 and 2020 thus meaning that the continued investment cloud could get to see a huge boost to the local economy.
The Impact of AWS’s Investment in the Region
Roger Wehner, Director of Economic Development at AWS has highlighted that the continued investment of the firm in the region since 2006 already has boosted the commonwealth’s GDP by nearly $7 billion accounting for thousands of jobs.
AWS in time to come will be eligible for a new Mega Center Incentive Program in the event that it is approved by the Virginia General Assembly. This would however include a 15-year maximum extension of Data Center Sales and Use tax exemptions “on qualifying equipment and enabling software”, and another grant of up to $140 million “for site and infrastructure improvements, workforce development, and other project-related costs.”