Data Center Boom Spurs $5 Trillion Support Economy as Caterers, Parkers and Housing Firms Scale Up
Updated
Updated · Business Insider · Oct 12
Data Center Boom Spurs $5 Trillion Support Economy as Caterers, Parkers and Housing Firms Scale Up
3 articles · Updated · Business Insider · Oct 12
Summary
More than 1,500 US data centers in the pipeline are spawning a parallel services market, with businesses supplying meals, parking, lodging, security and site operations for temporary construction workforces.
National Jobsite Catering now serves about 1,500 meals a day at each of 12 data center sites, and founder Scott Kaplan says revenue has risen 10-fold since pivoting exclusively to the sector four years ago.
WhereiPark has become a fast-growing parking broker for projects needing as many as 2,000 spaces, while Aramark says three initial Nexus sites could each produce about $150 million in annualized revenue.
Target Hospitality is extending its oil-patch model to AI construction, including a $550 million, 4,000-bed North Texas facility; in August it said it had secured more than 9,000 beds and $1.4 billion in contracts since January.
The spillover is uneven and often temporary: Brookings found construction jobs can drop from the thousands to the low hundreds after sites open, sharpening local demands for tax revenue, infrastructure and guarantees on local hiring.