PRINCE WILLIAM COUNTY, Va.--(BUSINESS WIRE)--Prince William County today announced it has surpassed 2 million square feet of data center space. This milestone was achieved by the successful completion of 20 economic development projects that provide a combined total of $3.6 billion in capital investment and 653 new highly-paid and highly-skilled jobs.
The worldwide demand to be increasingly more inter-connected, along with its prominent East Coast location has given rise to Prince William County’s emergence as an important Data Center Market in the Greater Washington, DC metropolitan area. The County’s ability to expedite mission-critical and time-to-market requirements also provides international and national enterprises significant competitive advantages.
Data Center providers have also come to recognize Prince William County’s unique value proposition, along with its strong fiber optic network, reliable power and attractive tax incentive programs which are among the lowest in the Mid-Atlantic region. The County’s abundant and favorable blend of large land parcels, multi-use zoned sites provides the opportunity to create security buffers, all within a low risk environment, which is an important consideration for Data Centers, Cyber Security and Information Technology businesses seeking a major East Coast presence.
"We’re delighted to have surpassed the 2 million square foot data center capacity threshold,” said Jeffrey Kaczmarek, Executive Director, Prince William County Department of Economic Development. “Data Center projects yield significant capital investment and highly-skilled, high-paying jobs to Prince William County.”
According to a recent study by 451 Research, Northern Virginia will overtake the New York metro as the biggest multi-tenant data center market in the country by the beginning of next year.
Home to a mix of federal, national enterprise and co-location, multi-tenant data center industries, Prince William County is already recognized as one of ‘America’s Top 25 High-Tech Hotspots’, according to Progressive Policy Institute and experiences an annual on average growth of 2.8% in Hi-Tech jobs, compared to the national average at 0.7%, according to Jobs EQ.
Prince William County’s International Market access also provides clients close proximity to Washington, DC’s Information Technology Communications Industry, Federal R&D facilities and ease of access from two Interstates - I-66 and I-95, along with a relatively short distance drive to Dulles International Airport. In addition, commute-by-air access via business jet and regional airlines into Manassas Regional Airport brings clients directly into Innovation Park, just 2 miles away.
NOTES TO EDITORS:
- Located less than 20 miles from the nation’s capital, Prince William County encompasses a total area of 348 miles and is the 2nd largest county in the Commonwealth of Virginia.
- 75% of Northern Virginia’s 1.1 million workers live within a 30 minute one-way commute to the center of Prince William County during rush hour.
- Prince William County provides access to an outstanding talent pool of highly-skilled, culturally diverse labor; 41% of the workforce has 4-year degrees.
- A pro-business community, Prince William County ranked #8 nationwide for job growth by CNN Money. Over the past decade, the County has experienced a 57% increase in the number of business establishments.
- Prince William County carries a AAA bond rating from all three of the major credit ratings agencies (Fitch, Moody’s and S&P).