Facebook Inc (NASDAQ:FB) announced that the company is building a $1 billion data center in Virginia.
The company’s world domination plans continue in the form of an , this time in Henrico Country, Virginia. The area is located just outside Richmond.
The company will spend $750 million of the $1 billion into constructing the data center, while the remaining $250 million will be used to build several solar facilities that will power the data center in a sustainable manner.
“Working with companies like Facebook and many others, we are advancing Virginia’s position as a global leader in the technology economy,” said Virginia Governor Terry McAuliffe, a Democrat.
The move will help boost the area’s local economy by adding 100 jobs, and Facebook will garner about $19 million in state tax exemptions through 2035 thanks to the move, according to the Virginia Economic Development Partnership.
“One of the many important factors in our search for a new data center location is being able to source clean and renewable energy. We also look for great partnerships within the local community, robust infrastructure … and a strong pool of local talent,” Rachel Peterson, Facebook’s director of data center strategy, said in a statement.
The company already has data centers in Oregon, North Carolina and Iowa. Data centers in Fort Worth, Texas; Los Lunas, New Mexico; and New Albany, Ohio are being constructed.
FB stock gained 1.3% Thursday.
