The investment boon from Facebook is one of many such projects being undertaken by various major companies in the state, and the influx of employment opportunities for Virginians is most welcome.
Virginia Governor Terry McAuliffe has announced that Facebook is set to invest over $1 billion in the US state. The tech giant will contribute $750 million to develop a 970,000 square foot server farm in Henrico County. Facebook has driven plans with regards to maintainability and says it is focused on controlling its business with 100 percent "clean and renewable power source".
It is expected that this investment will create 100 full-time jobs.
Facebook will receive about $19 million in state tax exemptions through 2035, according to the Virginia Economic Development Partnership. These will join the 13,500 other Virginians already working for 650 data centers operated by different businesses within the state. Data centers in Fort Worth, Texas; Los Lunas, New Mexico; and New Albany, Ohio are being constructed. And at OH lately, it is under construction.
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Facebook also is partnering with Dominion Energy to offset the energy used by the data center with power produced by new solar installations around the state.
Despite Facebook holds as many criticisms by the Russians for buying 3000 ads that are brought to the platform during the time presidential election, the user base of the platform- and thus it keeps on flourishing. "We also look for great partnerships within the local community, robust infrastructure ... and a strong pool of local talent".
The U.S. installed nearly 2.4 gigawatts of solar photovoltaics in the second quarter of 2017, according to the U.S. Solar Market Insight report from GTM Research and the Solar Energy Industries Association.