Quantum Frederick Will Support 48,000 Jobs in Frederick County Over 15-Year Period, Study Finds
Campus Will Revitalize Industrial Site and Support $3.1 Billion in New Income for County Workers
Frederick, Maryland (October 18, 2023) – The Quantum Frederick campus in development in Frederick County will support approximately 48,000 jobs in the county from 2023 through 2037, or approximately 3,000 jobs per year, and significantly boost local and state tax revenues, according to a new study commissioned by the Maryland Tech Council (MTC).
Quantum Frederick is a first-of-its-kind master-planned data center campus under development in Buckeystown on the former Alcoa Eastalco Works smelting plant site. In addition to its broad economic benefits, the campus features an environmentally friendly design and will enable more advanced digital infrastructure and connectivity to support the regional economy.
The study analyzed Quantum Frederick’s direct and indirect economic impacts in the county and state during construction and operation. The findings include:
Frederick County Benefits During Construction
Construction of Quantum Frederick will support approximately:
- 48,000 jobs in Frederick County from 2023 through 2037, or approximately 3,000 jobs per year
- $3.1 billion in labor income in the county, including benefits and other compensation, and more than $10 billion in local economic activity
- $25.8 million in county tax revenues
Frederick County Benefits During Operations
Once fully operational, Quantum Frederick will support approximately:
- 6,300 jobs in the county annually, including 1,700 directly on the campus
- $65,000 in average annual per-worker wages on the campus, which is $14,800 higher than the county’s average per capita income
- $163 million in annual labor income for workers on the campus
- $41 million in county tax revenues annually
Quantum Frederick also holds economic benefits for the state. During construction, it will support a total of 52,000 jobs and $3.4 billion in labor income statewide. The campus will also generate $248 million in state-level tax revenues during construction, and another $197 million in state tax revenue annually during operation.
“This study demonstrates the broad benefits Quantum Frederick will bring to Frederick County, from thousands of high-paying jobs for county residents to significant tax revenues that help fund local schools and public safety,” said Kelly Schulz, CEO of the Maryland Tech Council. “Quantum Frederick is a once-in-a-generation chance to revitalize an abandoned industrial site into a modern, environmentally friendly digital campus that powers our regional economy.”
Maryland is an increasingly attractive destination for the data center industry to invest in and create jobs. In 2020, the State created the Data Center Maryland Sales and Use Tax Exemption Incentive Program. The program enables data centers that locate or expand in Maryland and create new full-time positions to receive state sales and use tax exemptions on the purchase of qualified personal property.
The study, which was conducted by Sage Policy Group, Inc., can be found on MTC’s website: https://mdtechcouncil.com/wp-content/uploads/2023/10/Sage-MDTC-Data-Center-Impact-Report.pdf
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. 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.
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