New Law Supercharges Data Center Industry in Maryland, Unlocking Economic Potential

New Law Supercharges Data Center Industry in Maryland, Unlocking Economic Potential
New Law Supercharges Data Center Industry in Maryland, Unlocking Economic Potential

Quantum Loophole, Inc, a revolutionary developer of multi-gigawatt scale data center communities, announced the passage of the Critical Infrastructure Streamlining Act of 2024 (CISA) in the state of Maryland,

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effective from July 1, 2024. The legislation, which received unanimous approval from both the House and Senate, was signed into law by Governor Wes Moore on May 9, 2024.

CISA is a legislative framework that facilitates immediate approvals for emergency backup power generation, shining a light on Maryland’s commitment to innovation and its welcoming attitude towards data center operations in the state. It also aims to attract major data center developments and the associated economic benefits. The CISA’s passage signals Maryland is serious about courting the data center industry and the economic development it can bring through capital investment, construction jobs, and permanent tech employment opportunities.

Rich Paul-Hus, Senior Vice President of Public Affairs at Quantum Loophole, expressed his support of the efforts of Governor Moore and the Maryland Legislature. He highlighted the potential benefits of the backup generators for sectors including education, hospitality, healthcare, and manufacturing. Located in Frederick, Maryland, just 20 miles from the Internet ecosystem of Northern Virginia, Quantum Loophole is uniquely positioned to attract new data centers to the region. The company’s data center community is designed to benefit not only the data center industry but also the surrounding environment and community.

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At the bill signing press conference, Governor Moore remarked, “This bill is going to supercharge the data center industry in Maryland, so we can unleash more economic potential and create more good paying union jobs.” The enactment of CISA is expected to significantly boost data center development, thereby positively impacting Maryland’s economy.

Additionally, Josh Snowhorn, Founder and CEO of Quantum Loophole, commented on the economic implications of the bill, stating, “the impact of this bill will reverberate positively throughout the entire state for at least the next two decades.” He cited third-party economic reports estimating the bill’s value at approximately $30 billion in capital investments over the next 20 years, potentially creating over 52,000 jobs statewide and generating $3.4 billion in employee compensation.

The passage of CISA marks a significant milestone for Maryland, opening up numerous opportunities for economic growth and the future development of data centers in the state. Data centers are poised to transform local communities by creating job opportunities, driving business, and laying the groundwork for sustainable development over the long term.

For additional information about Quantum Loophole and their impact on community development, visit www.quantumloophole.com.

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