Amazon (NASDAQ:AMZN) will invest $35B in new data centers in Virginia by 2040, creating at least 1,000 jobs, the state’s governor, Glenn Youngkin, said on Friday.
Youngkin’s office that Amazon (AMZN) has been provided incentives to build the new data centers in the state, including a 15-year extension on tax exemptions for “qualifying equipment and enabling software.”
In addition, Amazon (AMZN) Web Services could receive a performance grant worth up to $140M for site and infrastructure improvements, workforce development, and other project-related costs.
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