{"id":646027,"date":"2026-10-14T09:56:34","date_gmt":"2026-10-14T09:56:34","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/646027\/"},"modified":"2026-10-14T09:56:34","modified_gmt":"2026-10-14T09:56:34","slug":"project-jupiter-is-expected-to-generate-more-than-13-billion-in-economic-impact-for-new-mexico","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/646027\/","title":{"rendered":"Project Jupiter is Expected to Generate more than $13 Billion in Economic Impact for New Mexico"},"content":{"rendered":"<p>\nAustin, Texas\u2014Oct 13, 2026\n<\/p>\n<p>Oracle today announced that Project Jupiter is projected to drive more than $13 billion in economic impact in New Mexico during construction and the first 17 years of full operations, based on data from Oracle and STACK and updated analysis by Mangum Economics.<\/p>\n<p>Oracle released this data as an update to the economic impact report it announced in July. The July announcement was based on data developed by Mangum Economics in September of 2025, calculated using Project Jupiter\u2019s required job count of 750, versus the 1,500 long-term project supported jobs expected. The prior report also assumed less IT capacity per square foot and did not account for the larger capital investment being made into Project Jupiter\u2019s cleaner fuel cell power plan, announced in April 2026. Project Jupiter has not made any change in scope to the data center\u2019s capacity, buildings, water use, or power plan beyond Oracle\u2019s April 2026 power plan update.<\/p>\n<p>The more than $13 billion figure was calculated using annual estimates of the total projected economic output during construction from 2025 through 2028 and the direct impacts of the first 17 years of full operations. Once fully operational, Project Jupiter is projected to support approximately $560 million in direct economic output in Do\u00f1a Ana County each year. This figure does not include the more than 1,600 indirect and induced jobs expected to be created by local suppliers, contractors, service providers, and employee spending. All dollar estimates in the analysis are in 2026 dollars.<\/p>\n<p>\u201cA project of this scale creates opportunities that last well beyond construction, and that\u2019s part of the reason why we are excited to bring this project to Do\u00f1a Ana County,\u201d said Mahesh Thiagarajan, executive vice president, Oracle Cloud Infrastructure. \u201cProject Jupiter is putting skilled New Mexicans to work building the campus. This updated analysis shows the full economic impact the project will create for the county, including 1,600 additional jobs expected at local businesses, thousands of lasting careers, and billions in economic activity in the region for years to come.\u201d<\/p>\n<p>The project is already an economic engine for the county. To date, 1,230 New Mexico residents\u2014including 630 from Do\u00f1a Ana County\u2014have worked on Project Jupiter. Across the trades, more than 1,846 union members have contributed to the project, and 4,393 workers have completed more than 3.75 million labor hours. For many of those workers, the project has made it possible to <a href=\"https:\/\/www.oracle.com\/news\/announcement\/blog\/union-workers-power-project-jupiter-and-new-mexicos-future-2026-09-29\/\" rel=\"nofollow noopener\" target=\"_blank\">stay local instead of traveling out of the county<\/a> or the state to remain employed.<\/p>\n<p>\u201cOne of the best things about this project is that we\u2019ve been able to bring a lot of our people back home,\u201d said Rosendo Najar, president of Carpenters Local 1319 and lead business agent for New Mexico. \u201cNow that we have this project here, we\u2019re able to bring back people who live in this area.\u201d<\/p>\n<p>Creating Opportunity Today and for the Long Term<\/p>\n<p>During construction, Project Jupiter is projected to generate up to $2.2 billion in total economic output in Do\u00f1a Ana County. At the peak of construction, the project is projected to create 7,000 construction jobs and support nearly 1,650 indirect and induced jobs across the county.<\/p>\n<p>Once the four-building campus is fully operational, Project Jupiter\u2019s estimated impact will include:<\/p>\n<p>$560 million in direct economic impact annually in Do\u00f1a Ana County during operations (includes direct economic impact only)<br \/>\nMore than 3,100 total jobs across Do\u00f1a Ana County, including the 1,500 direct project-supported jobs previously announced<br \/>\n$180 million in annual pay and benefits across the supported jobs<\/p>\n<p>Beyond its direct operational workforce, Project Jupiter is expected to have a positive impact on job creation in business services such as banking, insurance, and maintenance, as well as jobs in restaurants, retail, hospitality, and other local businesses supported by workers\u2019 spending.<\/p>\n<p>Commitment to the Community<\/p>\n<p>Project Jupiter\u2019s projected long-term contribution builds on benefits already being delivered in Do\u00f1a Ana County and across New Mexico. To date, the project has generated more than $100 million in state and local tax revenue, including $50 million for local water infrastructure. Project Jupiter\u2019s commitments also include $360 million to support schools, infrastructure, and public services; $6.9 million for workforce development and community programs; and additional investments to support local organizations including the Gadsden Independent School District, Casa de Peregrinos, and Roadrunner Food Bank.<\/p>\n<p>Project Jupiter has committed $4 million to local workforce development and education and prioritizes local hiring, training, and upskilling. To date, 1,230 New Mexico residents have worked onsite to build the campus. Beginning in 2027, Oracle\u2019s paid 12-week Catalyst Program will help future workers prepare for a career in data center technology. The program requires no college degree or prior data center experience and offers successful participants the opportunity to transition into full-time Oracle roles.<\/p>\n<p>Residents can learn more at\u00a0<a href=\"https:\/\/projectjupitertogether.com\/\" target=\"_blank\" rel=\"nofollow noopener\">ProjectJupiterTogether.com<\/a>.<\/p>\n<p>About the Updated Analysis<\/p>\n<p>The estimates in this release are based in part on an economic impact analysis by Mangum Economics, which utilizes IMPLAN, a standard regional economic impact model used across the industry. The analysis was commissioned by Oracle and informed by project information supplied by STACK Infrastructure. The long-term estimate also incorporates projected state and county tax revenue and Industrial Revenue Bond payments over 30 years.<\/p>\n<p>Project Jupiter\u2019s projected increase from 750 to 1,500 full-time operational jobs prompted an updated analysis of the project\u2019s long-term economic impact. The prior report, developed in September 2025, also assumed less IT capacity per square foot and did not account for the larger capital investment being made into Project Jupiter\u2019s fuel cell power plan, which will reduce NO\u2093 emissions by approximately 92% and will use a negligible amount of water compared to Project Jupiter\u2019s prior power plan. Project Jupiter has not made any change in scope to the data center\u2019s capacity, buildings, water use, or power plan beyond Oracle\u2019s April 2026 power plan update.<\/p>\n<p>About Oracle<\/p>\n<p>Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at <a href=\"https:\/\/www.oracle.com\/\" rel=\"nofollow noopener\" target=\"_blank\">www.oracle.com<\/a>.<\/p>\n<p>Trademarks<\/p>\n<p>Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company\u2014ushering in the new era of cloud computing.<\/p>\n<p>Forward-Looking Statements Disclaimer<\/p>\n<p>Statements in this article relating to Oracle\u2019s future plans, expectations, beliefs, and intentions are \u201cforward-looking statements\u201d and are subject to material risks and uncertainties. Many factors could affect Oracle\u2019s current expectations and actual results, and could cause actual results to differ materially. A discussion of such factors and other risks that affect Oracle\u2019s business is contained in Oracle\u2019s Securities and Exchange Commission (SEC) filings, including Oracle\u2019s most recent reports on Form 10-K and Form 10-Q under the heading \u201cRisk Factors.\u201d These filings are available on the SEC\u2019s website or on Oracle\u2019s website at <a href=\"https:\/\/www.oracle.com\/investor\/\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/www.oracle.com\/investor<\/a>. All information in this article is current as of October 13, 2026 and Oracle undertakes no duty to update any statement in light of new information or future events.<\/p>\n","protected":false},"excerpt":{"rendered":"Austin, Texas\u2014Oct 13, 2026 Oracle today announced that Project Jupiter is projected to drive more than $13 billion&hellip;\n","protected":false},"author":2,"featured_media":646028,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-646027","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/646027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=646027"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/646027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/646028"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=646027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=646027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=646027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}