Stack Infrastructure has pledged to invest at least $73.5 billion in a data center campus at the Southern Virginia Megasite in Berry Hill, Pittsylvania County.
As reported by Virginia Business, the Danville-Pittsylvania Regional Industrial Facility Authority approved a local performance agreement with Stack for the project.
– Southern Virginia Megasite at Berry Hill
In addition to the minimum investment pledge, Stack will also create at least 2,050 jobs with an average annual wage of $80,500. Although the timeline for these commitments was not shared, Stack has previously said it would actually invest $100bn over a period of three decades.
Matt Rowe, Pittsylvania County‘s economic development director, said at the Monday meeting: "You anticipate a multiplier effect of seven times, which means for every job created onsite, you’re looking at an additional six jobs created within the surrounding community... These are not just a promise for jobs with nothing backing it up. There’s real significant money associated with the failure to meet jobs.”
