JPMorganChase Data Center Gets $77 Million Handout to Create Grand Total of One Job
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JPMorganChase Data Center Gets $77 Million Handout to Create Grand Total of One Job
""The county is giving away quite a lot of public money in exchange basically for nothing," said Kasia Tarczynska, a senior research analyst at Good Jobs First."
""If that is how you're going to narrowly look at it... anybody would say that's ridiculous," said Steven Porath of the Rockland County Industrial Development Agency."
""The dismal pork-to-jobs ratio highlights an inconvenient wrinkle in the data center boom that's flourished as the AI industry has taken off.""
A data center expansion by JPMorganChase in Orangeburg, New York, is receiving $77 million in subsidies but will only create one full-time job. This follows a previous project in Ohio that received $4.5 million for ten jobs. Critics argue that the public money is not justified given the minimal return. While temporary jobs will be created during construction, they will not last. Local activists worry that the data center boom will increase utility costs in the area, which is becoming a data hub.
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