OHIO — Data centers have become a focal point for economic growth and impact in Ohio and could continue to shape the state’s economy for years into the future, according to new research.
A study by SRC EvalMetrics detailed how Ohio’s expansion into the data center industry has shaped the state’s economy and examined what needs to be done to continue the upward trend.
“Ohio’s momentum is undeniable,” echoed Ohio Chamber President & CEO Steve Stivers. “Data centers are fueling transformative growth across our state.”
Research showed that Ohio data centers supported over 95,000 jobs across construction, operations and supply chains, while contributing $11.8 billion to the state’s gross domestic product and $6.9 billion in labor income.
The state has also provided a net fiscal gain of $2.7 billion, which has created $2.10 in tax revenue for every $1 in state incentives.
By 2030, the study projects that the state’s data center industry could support 132,500 jobs and contribute $20.2 billion to annual GDP.
Those projects would put data centers on par with Ohio’s automotive and agricultural sectors.
The report also warns that infrastructure, the environment and competition could all be roadblocks to sustaining momentum.
Stivers explained that political and investment strategies are crucial to success.
“Continued success depends on smart policy alignment, targeted infrastructure investment, and building community trust,” said Stivers. “If we stay proactive, Ohio will remain a global tech and infrastructure powerhouse.”
To view the full report, click here.