
"Those 11 states include Arizona, Connecticut, Illinois, Indiana, Minnesota, Nevada, Ohio, Pennsylvania, Texas, Washington, and Wisconsin. Only five of these reveal estimated or actual subsidy amounts, and no state confirms how many jobs the datacenter owner promised to create, or how many actually materialized. The latter means the public cannot see if the subsidies were worth the tax breaks, despite job creation often being used to justify them, the report states."
"Taxpayers are typically coughing up at least $1 million for each permanent datacenter job created, according to the figures. Good Jobs First claims the states that calculated their return on investment found they are losing between 52 and 70 cents for every dollar of datacenter tax exemption. It questions whether this is defensible given federal austerity measures that will significantly impact administrative budgets, and say"
State-level subsidies for datacenter construction are widespread, with 36 states exempting building materials and IT equipment from sales and use taxes. Only 11 states publicly identify subsidy recipients, and those disclosures frequently list LLCs that conceal parent tech corporations. Only five states disclose estimated or actual subsidy amounts, and no state confirms promised versus actual job counts, leaving taxpayers unable to assess value. Taxpayer cost per permanent datacenter job typically exceeds $1 million. Where returns were calculated, states lost between $0.52 and $0.70 per subsidy dollar, raising questions about fiscal defensibility amid federal austerity.
Read at Theregister
Unable to calculate read time
Collection
[
|
...
]