"The county is giving away quite a lot of public money in exchange basically for nothing, as the expansion will only create one full-time job despite the substantial tax breaks."
"Data center projects often tout their creation of construction jobs, but they have been criticized for delivering mostly short-term jobs with little durable local economic upside."
JPMorgan Chase applied for financial assistance to expand a data center in Orangeburg, New York, receiving nearly $77 million in tax breaks. In return, the expansion is expected to create just one full-time job, although it will generate 150 local construction jobs. Critics, including Reinvent Albany, label this as the largest government subsidy per job in the U.S., raising concerns about the effectiveness of public funds in generating meaningful employment for communities.
Read at Fast Company
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