Tax breaks drive data centers to break ground in new communities

Orangetown seeks new customers
The city of Orangetown is hoping to stay competitive with its New Jersey rivals by becoming the East Coast's latest hub for data center construction. Bloomberg recently invested $710 million into the community in order to construct a new data facility and Orangetown hopes to keep this momentum going. As a result, Orangetown has begun to consider granting payment in lieu of tax agreements with companies willing to bring data centers and jobs to the local community. The Journal News reports that the city has recently been in discussion with Ramland Holdings LLC. The firm has requested a $2.5 million tax exemption in order to bring another multi-tenant data center to Orangetown.

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