NY County Giving JPMorganChase $77 Million in Tax Breaks for Creating Just 1 Job at Data Center

JPMorganChase Data Center Gets $77 Million Handout to Create Grand Total of One Job

Back in March, we shared the story of a $136 million data center going up in Northeastern Ohio, which was slated to bring in a whopping ten full-time jobs. That project received a $4.5 million state tax exemption, which is egregious enough on its own — but a new project in New York State is making that Ohio handout look like chump change. First reported by New York Focus, a data center being built by financial giant JPMorganChase is receiving $7…

NY county giving JPMorganChase $77 million in tax breaks for creating just 1 job at data center

By Colin Kinniburgh

Data center to get $77 million tax break

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…

A Data Center Is Getting a $77 Million Tax Break. It Promises to Create 1 Job.

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… Source

$77M tax subsidy for NY datacenter project will create 1 job

: Official involved in deal tells El Reg number doesn't paint entire picture of datacenter's economic benefit

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

A New Jersey data center expansion saw a tax break of $77,000,000, despite the fact that it would create exactly one new permanent job in the state.