Proximity to the Internet intersection in Ashburn has been the driving force behind the growth of “Data Center Alley.” Data centers continue to be a major driver of investment in Virginia.
According to the VEDP, in 2021,
62 percent ($6.8 billion)
of all the new investment was generated from new and expanding data centers.
In 2021, the data center industry supported over 45,000 jobs,
in labor income, and created
in total economic output across the Commonwealth.
NoVa has the largest data center market in the world with the region’s total data center capacity more than doubling from 2018 to 2021. As of last year, the data center inventory in NoVa exceeded that of the next five largest markets in total (Chicago, Dallas-Fort Worth, Silicon Valley, New York/Tri-State Area and Phoenix), with an annual compound rate of growth of 25 percent from 2014-2021.
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