A Data Center Is Getting a $77 Million Tax Break. It Promises to Create 1 Job.
A Data Center Is Getting a $77 Million Tax Break. It Promises to Create 1 Job.
A Data Center Is Getting a $77 Million Tax Break. It Promises to Create 1 Job.
The type of tax break given to the JPMorganChase data center was designed to attract companies that bring steady jobs.
cross-posted from: https://news.abolish.capital/post/43763
On a February morning in 2024, a little-known agency in Rockland County held a public hearing on a proposed subsidy for the expansion of a JPMorganChase data center in Orangeburg, near the New Jersey border. In return for nearly $77 million in tax breaks, the project promised to create exactly one permanent job. No one showed up. After 20 minutes of silence, an agency official called the…
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