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Report: New data centers could create more than 120K Illinois jobs, though mostly temporary
The study says most of the jobs would be temporary construction and supplier work, while new facilities could add about $300 million a year in property taxes.
On Thursday, the Illinois Economic Policy Institute released a study projecting $57 billion in data center investment and 120,000 jobs over the next decade, contingent on addressing public backlash over energy and water use.
Public distrust stems from state tax incentives costing $983 million between 2020 and 2024, coupled with concerns about excessive water and energy consumption, said Frank Manzo, an Illinois Economic Policy Institute economist and co-author of the study.
While 120,000 total jobs are projected, only 2,800 will be permanent positions, meaning developers spend $20.2 million per long-term role, according to Anthony Elmo, a Good Jobs First researcher.
The report proposes 10 policy changes, including capping residential electricity rate increases at 5% annually and banning non-disclosure agreements between data centers and public officials to protect ratepayers and build public trust.
ComEd service areas lack sufficient resources to reliably meet 2030 electricity requirements, with new data center demand potentially raising average residential bills by $12 monthly—about 10% annually—according to agencies' December assessment.