WASHINGTON, Oct. 8, 2014 /PRNewswire/ — DuPont Fabros Technology Inc. (NYSE:DFT, news, filings) today announced that the sales and use tax exemption on its Ashburn, VA, campus for the purchase or lease of computer equipment and software by data centers and their customers is encouraging investment and making Virginia more competitive in creating and retaining high-tech jobs. Since Jan. 1, 2009 the Company and its participating Ashburn campus customers have invested over $1.5 billion at the DFT Ashburn campus.
DFT’s entire Ashburn campus benefits from the sales tax exemption legislation, including the ACC7 data center facility which opened in July 2014. The exemption is effective through June 30, 2020, and applies to purchases of servers and other qualified equipment that are the heart of a data center operation. To obtain this exemption, DFT, along with its customers, committed to invest at least $150 million from Jan. 1, 2009 to June 30, 2016 and create and maintain at least 50 qualifying jobs within the Ashburn campus from July 1, 2009 to June 30, 2016. As of June 30, 2014, the investment is tenfold over the minimum commitment and 55 new qualified jobs have been created.
Hossein Fateh, President and Chief Executive Officer, said, “We are pleased to have achieved the criteria Virginia set out for our Ashburn campus to receive the sales tax exemption. These criteria were met in two years, which is half of the time allowed by Virginia. We anticipate that additional qualifying jobs will be created as ACC7 is occupied by new customers, resulting in more than enough qualifying jobs as of June 30, 2016. This program has helped put Virginia back on top to attract new and retain existing data center customers. Our customers and the Commonwealth of Virginia have both benefited from this sales tax exemption program, and we’re happy to play a role in it.”
About DuPont Fabros Technology, Inc.
DuPont Fabros Technology Inc. (NYSE: DFT) is a leading owner, developer, operator and manager of enterprise-class, carrier-neutral, large multi-tenanted wholesale data centers. The Company’s facilities are designed to offer highly specialized, efficient and safe computing environments in a low-cost operating model. The Company’s customers outsource their mission-critical applications and include national and international enterprises across numerous industries, such as technology, Internet content providers, media, communications, cloud-based, healthcare and financial services. The Company’s 11 data centers are located in four major U.S. markets, which total 2.75 million gross square feet and 240 megawatts of available critical load to power the servers and computing equipment of its customers. DuPont Fabros Technology is a real estate investment trust (REIT) headquartered in Washington, DC. For more information, please visit www.dft.com
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SOURCE DuPont Fabros Technology, Inc.
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