RagingWire Data Centers has signed an agreement with the Virginia Economic Development Partnership (VEDP), committing to US$150m in capital investment and the creation of 50 new jobs in the state over the next five years.

As a result, RagingWire and its customers will be eligible to receive a Virginia sales-tax exemption on computer equipment and other related data center infrastructure component purchases.

Mark Morrow, RagingWire CFO, said the agreement “encourages companies looking for data center space and colocation in Virginia to consider the many benefits of choosing RagingWire. Equally as important are the tangible financial benefits that our customers gain from this agreement, as it promotes their growth from within our facility.”

RagingWire launched its 150,000 sq ft data center in Ashburn, Virginia, in 2012 and bought an additional 78 acres of land in town for data center development starting in 2014. The company also has a massive data center campus in Sacramento, California, which it continues expanding.

Virginia governor Bob McDonnell said, “Virginia has earned a reputation as one of the most business friendly states in the country and our sales and use tax exemption program for data centers enhances that position. We commend RagingWire and its customers for ‘putting Virginia to work’ by utilizing this important incentive that creates good jobs for our citizens.”