New Study: Prince George’s County Mid-Sized Data Center Would Generate $1 Billion in Economic Activity, $20 Million in Annual County Revenue

    • Data center project offers permanent jobs boost as federal government reduces workforce and spending

    • Annual tax revenue from a hypothetical, 300 megawatt data center would equal annual compensation of 175 police officers, 158 firefighters, or 176 county school teachers

    • Maryland Tech Council to deliver virtual seminar on report’s findings November 12 

As Prince George’s County navigates a shifting economic landscape, a new study finds that a mid-sized data center development would generate over $1 billion in economic activity during its construction, support more than 250 permanent jobs in the county once operational, and provide nearly $20 million in new, annual tax revenue to support county services.

The report, commissioned by the Maryland Tech Council, IBEW Local 26, Steamfitters Local 602, and Plumbers Local 5, also highlights that the construction of a mid-sized, 300-megawatt data center would support more than 4,800 jobs, $328 million in employee compensation, and $1.02 billion in statewide economic activity.

Critically, the data center would provide an estimated $19.9 million in new tax revenue for Prince George’s County every year—enough to pay the total annual compensation for 175 police officers, 158 firefighters, or 176 public school teachers.

The Maryland Tech Council will present the study’s findings during a virtual seminar Wednesday, November 12 at 6:00 PM in partnership with the Prince George’s Chamber of Commerce. The presentation will live-streamed at https://business.pgcoc.org/events/details/data-centers-101-an-informational-session-7246

The County’s Qualified Data Center Task Force also meets November 12 at 11:00 AM.

“As Prince George’s County adapts to new challenges to its economy and tax base, it’s vital to support industries that can create high-paying jobs and significantly bolster tax revenues,” said Kelly Schulz, Chief Executive Officer of the Maryland Tech Council. “The data center industry does exactly that, without the need for tax increases. Thoughtful development of a data center enables Prince George’s County to secure its position as a major digital hub, bringing massive new investment, high-paying jobs, and a diversified tax base that will benefit residents for decades to come.”

The report comes as demand for digital infrastructure, such as cloud computing and artificial intelligence, continues to grow exponentially. Data centers form the physical backbone of this digital economy, supporting everything from remote work and telehealth to streaming services and online commerce.

The full report is available at here.

Data centers represent a transformative economic opportunity for Maryland at a critical moment. The state ranks 40th in the nation in five-year job growth and projects a $3 billion budget deficit by Fiscal Year 2030. The U.S. technology industry is expected to invest more than $500 billion in AI and data center infrastructure by 2030, presenting Maryland an opportunity to strengthen its economy and budget by supporting data center industry investment and job growth.

 

About the 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. 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.

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Category: MTC Press