#+HashtagPLUS
In

Menu

Post image 1
Post image 2
Post image 3
Post image 4
Post image 5
Post image 6
Post image 7
Post image 8
Post image 9
Post image 10
Post image 11
Post image 12
Post image 13
Post image 14
Post image 15
Post image 16
Post image 17
Post image 18
Post image 19
Post image 20
Post image 21
Post image 22
1 / 22
0

New Jersey datacenter expansion got $77m in tax breaks to create exactly one permanent job — JPMorgan's site already scored $35m and currently employs just 25 workers

Tom's Hardware·https://www.tomshardware.com/author/bruno-ferreira·about 1 month ago
#mdnahtOo
#nvidia#benchmarking#intelarc#amdryzen#datacenter#million
Reading 0:00
15s threshold

(Image credit: Getty Images) Energy and environmental concerns are inevitably the first issues discussed whenever there are talks of making yet another datacenter. Subsidies, though, often don't undergo the same scrutiny, like when a JPMorgan datacenter expansion got a cool $77 million tax break against promising to create just one (1) permanent job, reportedly making it the largest subsidy-to-jobs ratio in the country. Go deeper with TH Premium: AI and data centers According to NYF, $40 million would benefit the state directly, and the remaining would go to localities. The pre-buildout datacenter project already took advantage of $35 million in tax benefits, as well, and purportedly has just 25 permanent on-site jobs. Article continues below One would think that this sort of money play would elicit vicious opposition, but that doesn't seem to be case.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Create free accountLog in
Read More