Capital One Picks Virginia for $150 Million Project
It looks like Virginia’s recent updating of its data center incentives is continuing to pay dividends. This week Capital One Financial said it will invest more than $150 million to build a new data center in Chesterfield County, Virginia. The facility will help the huge credit card provider consolidate IT infrastructure in the wake of its recent acquisitions of ING Direct and HSBC’s US credit card portfolio. Capital One chose Virginia over Texas for the project, which will create at least 50 new jobs. “In today’s environment, information technology is a competitive advantage,” said Rob Alexander, Chief Information Officer of Capital One. “With the new Chesterfield data center as a key element of the company’s simplified and automated infrastructure, we are proud to continue our strong relationship with Virginia and expand our workforce here.”
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