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Amazon Web Services to Invest $35B in Virginia Data Centers

Tech giant to receive 15-year tax exemptions, $140M grant from state.

Amazon has made good on its promise to shift capital expenditures from its overextended logistics network to the data infrastructure for its industry-leading cloud computing services: Amazon Web Services (AWS) has announced it is planning to invest $35B by 2040 in multiple new data campuses that will combine its expandable cloud capacity in Virginia.

The Virginia Economic Development Partnership (VEDP), the Commonwealth’s state economic development agency, and the General Assembly’s Major Employment and Investment (MEI) Project Approval Commission put out the welcome mat for the mega-development with a new incentive designed to secure the $35B commitment.

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