$350M Data Center Investment Planned in Prince William County

Provided, Prince William County Government:

The Prince William Board of County Supervisors recently announced that Iron Mountain Information Management, LLC, a subsidiary of Iron Mountain, Incorporated, the data storage and information management company, is planning to make significant investments and create highly skilled jobs in Prince William County with the development of a new data center campus.

Over a period of several years, Iron Mountain and its partners will develop $350 million in state-of-the-art data center facilities for customers in corporate enterprise, government and technology, and create 25 new jobs.

Iron Mountain, a Fortune 1000 company, will be a new data center company to Prince William County, which will not only further diversify and expand the data center colocation market in the County, but in the broader Mid-Atlantic region. This project allows Iron Mountain Data Centers to enter the Greater Washington metropolitan area from a strategic location with robust power and fiber infrastructure and unique site features that will accommodate highly secure data center applications.

Governor Terry McAuliffe said, "We are delighted to welcome Iron Mountain's first Virginia data center to Prince William County. This latest investment signifies the Commonwealth's strength in the information technology market; making a further expansion in our high-tech footprint and our ongoing success in building a new Virginia economy."

"We're delighted to welcome Iron Mountain to Prince William County and to our growing Information Technology-based business community," said Corey A. Stewart, Chairman of the Prince William Board of County Supervisors. "We are continuing to grow these highly skilled job opportunities by attracting global companies that recognize the full advantages of the County's strategic location and lowest competitive costs in the Greater Washington metropolitan area."

"The addition of 25 new highly skilled jobs and the projection of a further 25 tenant positions, all at an average salary of $100,000 a year, is another example of the type of jobs we are attracting in Prince William County," added Stewart.

"We explored several U.S. locations for this expansion and Prince William County was a clear forerunner," said Mark Kidd, Iron Mountain Senior Vice President and General Manager, Data Centers. "Northern Virginia is an important national market for data centers and our customers are excited that Iron Mountain's highly secure and reliable product will be available here. Prince William County is a great fit for us with our focus on security, compliance, efficiency and reliability."

The Board of County Supervisors approved an agreement between Iron Mountain Information Management, LLC and the Industrial Development Authority (IDA) of Prince William County and agreed to assign $500,000 in water and sewer availability fee credits to the IDA, as an incentive for the project.