Facebook to Invest $1 Billion in Virginia Facility

Facebook to Invest $1 Billion in Virginia Facility

Facebook to Invest 1 Billion in Virginia Facility

Facebook is building a data center in Richmond, Virginia, in the same technology park that houses a massive QTS data center inside a former Qimonda processor plant, the Richmond Times-Dispatch reported, citing multiple anonymous sources.

The first of multiple construction phases for the social networking giant is planned on the 328-acre site, which will be 1 million square feet. Three buildings, totaling 1.5 million square feet, can be added in future phases, according to planning documents reviewed by the Times-Dispatch.

Facebook plans to invest $1 billion in the state. The company is putting $750 million into construction and $250 million to multiple solar facilities that will power the data center. The investment is expected to create 100 full-time jobs.

Facebook will receive about $19 million in state tax exemptions through 2035, according to the Virginia Economic Development Partnership.

“I am proud to welcome Facebook to Henrico County, and we look forward to a strong partnership,” said Governor Terry McAuliffe. “When an industry giant like Facebook selects Virginia for a major operation, it’s proof that our efforts to build an open and welcoming economy that works for everyone are paying off. For many years Virginia has served as a key hub for global Internet traffic, emerging as one of the most active data-center markets in the world. Working with companies like Facebook and many others, we are advancing Virginia’s position as a global leader in the technology economy and a world-class home to innovative companies of every size.”

“Facebook’s decision to locate its newest data center operation in Henrico County is a tremendous economic win for the commonwealth,” said Secretary of Commerce and Trade Todd Haymore. “Virginia’s information technology sector is booming, with nearly $12 billion in capital investment over the past decade and more than 650 data processing, hosting and related establishments currently employing over 13,500 Virginians. Facebook, with more than 2 billion monthly users, is a powerful addition to the sector, and I commend the entire team who helped bring this company to the commonwealth.”

“Virginia has been a home to the Internet since the tech industry’s earliest days,” said Rachel Peterson, director of data center strategy at Facebook. “And thanks to Governor McAuliffe’s focus on making the commonwealth a great place for investment, as well as Henrico County’s robust infrastructure and attractive business climate for data center development, we could not be more thrilled to locate our next data center here. When considering new data center locations, we not only look for clean and renewable energy solutions but great partnerships within the local community, a strong pool of local talent, excellent access to fiber and a robust electric grid. Henrico County and the commonwealth of Virginia has it all.”

“We are excited to welcome our newest data center campus to eastern Henrico County,” said Tyrone E. Nelson, of the Henrico County Board of Supervisors, Varina District. “We are a proactive community that strives to attract new businesses in key sectors and ensure the success of our existing businesses. The company recognized not only the robust and readily available infrastructure in White Oak Technology Park but also the significant bottom-line value of Henrico’s recent tax cut targeted specifically for data centers. We are pleased to add another stellar company to our corporate roster and look forward to supporting their future expansion here in Henrico County.”

Facebook hit 2 billion monthly users in June and is also expanding into video content through its latest offering, Watch.

Megha Shah
Megha Shah
A dreamer, traveler, aspiring entrepreneur and a bookworm beyond repair, Megha Shah is extremely fond of writing and has been doing so since she was a child. Apart from being a part-time writer, Megha is currently in college, pursuing B. Com. (Hons). Megha is an ardent follower of ‘Hardship, Hustle and Heart’ and firmly believes in the power of hard work and destiny!

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