Amazon AWS Boosts Ohio Investment to $23 Billion with 5 New Data Centers

Amazon (AMZN, Financial)AWS recently laid out more investment plans that aim to create at least five new data center regions and invest a total of $10 billion in Ohio, increasing the proposed investment in the state to more than $23 billion by 2030.

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The new commitment follows the $7.8 billion investment declared in 2023 and over $6 billion in the previous year up to 2022. The expansion will help propel cloud computing that edges technologies such as artificial intelligence and machine learning, making Ohio more relevant in the global technology market, said Mike DeWine’s office.

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AWS has not determined the exact sites for the new facilities but said they would be located outside Central Ohio. The investment is the second-biggest that the private sector has planned for the state.

With increasing dependence on digital services, data centres are more relevant today than ever, they are pivotal to economy today, stated DeWine. The large capital expenditure that AWS planned to make in Ohio will enable our state to remain on the cutting-edge of technology.

AWS forecasted that it had already invested $3.8 billion in the state’s GDP for 2015-2023 and $10.3 billion in investments. The company helps sustain more than 4,760 positions per year in the state.

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We are committed to Ohio for the long term, noted AWS Vice President of Economic Development, Roger Wehner. These expanded investment will generate new quality paid-up employment, increase Ohio’s gross strategic product and prepare the next generation of tech personnel.

Increases in Ohio’s position as a technology business hub demonstrate how AWS is prioritizing data center provision to accommodate enhanced demand for digital services.

This article first appeared on GuruFocus.