New Independent Report Shows Rowan’s Proposed Data Center in Frederick County Will Transform Local Economy and Job Market
Frederick, MD (January 8, 2024) — The Maryland Tech Council, the largest technology and life sciences trade association in the state, today released the results of an independent economic analysis conducted by Sage Policy Group that explored the potential economic impact from Rowan Digital Infrastructure’s proposed Frederick Data Center project.
Rowan, a leading technology infrastructure company, last fall announced plans for the construction of an approximately 800,000 square foot green data center in Frederick County, with operations supported by renewable energy. The development, expected to span over two years, will unleash a wave of economic activity, creating an estimated 800 construction jobs at peak and 100 permanent positions once fully operational, with nearly $360 million in labor income.
During the construction phase alone, the project is set to inject approximately $2.6 million into the Frederick County economy. In total, the initiative will contribute more than $775 million to the statewide economic activity, fostering an estimated $20 million in state-level tax revenues, primarily through augmented sales tax receipts.
Once operational, the data center will employ approximately 100 Marylanders, with average annual compensations expected to reach nearly $100,000, significantly impacting local employment and income levels. Beyond direct employment, the facility is projected to stimulate an additional 487 jobs across the state, generating over $31 million in annual income.
The data center’s operational phase is poised to become a cornerstone of economic activity in the county, bolstering statewide economic growth by $125 million annually. This growth will, in turn, contribute close to $7 million in annual tax revenues for Frederick County and a remarkable $14 million for the State, solidifying its position as a significant contributor to the local and statewide economy.
“We commissioned this report to better understand the real impacts of Rowan’s proposed project as it relates to our local workforce and broader economy,” said Kelly Schulz, CEO of the Maryland Tech Council. “The results show that Rowan’s proposed project will create good-paying jobs in Frederick County, support the local tax base, and boost economic activity across the county and state. This is a big win for Frederick County and Maryland, and we look forward to working with Rowan Digital to make it happen.”
The full analysis can be viewed at https://mdtechcouncil.com/wp-content/uploads/2024/01/Rowan-Frederick-Economic-Impact-Study.pdf
Learn more about Rowan Digital’s proposed data center at www.rowanfrederick.com.
About Maryland Tech Council
The Maryland Tech Council (MTC) is a collaborative community that is actively engaged in building strong technology and life science industries by supporting the efforts of our individual members. We are the largest technology and life sciences trade association in the state of Maryland, and we provide value by giving members a forum to learn, share, and connect. With 700+ member organizations, MTC brings the region’s community together into a single, united organization that empowers our members to achieve their business goals through advocacy, networking, and education. The vision for the Maryland Tech Council is to propel Maryland to become the number one innovation economy for life sciences and technology in the country. Follow us at mdtechcouncil.com, LinkedIn, Facebook, Twitter, and Youtube.