DuPont Fabros achieves sales tax exemption performance targets
DuPont Fabros Technology announced that the company and its customers met the performance targets associated with their Virginia Sales Tax Exemption Program for the Ashburn Corporate Campus. Since January 1, 2009, DFT and its participating ACC customers invested over $3.3 billion at the ACC location which is well above the $150 million performance target. DFT and its customers added over 100 high-tech qualifying jobs at their ACC facilities which was double the performance target. DFT's entire Ashburn Corporate Center benefits from the sales tax exemption. Buddy Rizer, Executive Director Loudoun County, Virginia Economic Development, said, "DFT is a charter member of Loudoun's Data Center Alley, and has been a key partner in helping us create an environment where data centers can thrive. DFT played an instrumental role in the passing of Virginia's Sales Tax Exemption, and we thank them for their ongoing investment and continued commitment to Loudoun County."The exemption became effective in July 2012, and was originally set to expire on June 30, 2020. In March 2016, the state of Virginia enacted legislation granting a 15-year extension, which extended the expiration of the tax exemption to June 30, 2035. The strong investment performance and significant job creation generated by DFT and its ACC customers ensures the VA Sales Tax Exemption remains intact at ACC through 2035.