3 ms·
Loudoun County had the highest median income in the country long before it became data center central. A combination of old money in the rural part of the count
by tssva 5y ago
Loudoun County had the highest median income in the country long before it became data center central. A combination of old money in the rural part of the county, high income professionals in the eastern part (traditionally driven by the economy surrounding the federal government but more diverse these days) and a relatively small low income population.
While the county gives tax breaks to the data centers themselves to encourage their development they are greatly out weighed by the property tax revenue generated by the data centers. In 2021 Loudoun County brought in $424 million in property taxes on the equipment in data centers. The county considers the lack of associated employment another feature of the data centers because the number of county residents needing services doesn't significantly increase offsetting the property tax revenue. When your FY22 school system operating budget is $1.493 billion you don't want a lot of people with kids moving in.