STACK has announced that it has qualified for a new tax program and it is the first data center company certified under the new legislation. The company also announced that they are expecting to offer exemptions by year-end that allows clients at its Chicago data center to purchase servers, network gear, and other high-value data center equipment at reduced costs.
$250 million investment
The new program requires the data center operators and their occupants must invest a total of at least $250 million in their facilities and meet green building standards such as LEED or Energy Star. Companies should also employ 20 or more full-time employees over five years at wages at least 25 percent higher than the applicable median average county wage to qualify.
STACK’s Chicago data center currently offers 13MW of critical power with 221,000 square feet of data center space to meet clients’ evolving needs. STACK has recently announced an expansion plans revealing a new adjacent multi-story facility that will offer at least 24MW of additional critical capacity.
Matt VanderZanden, Chief Strategy Officer of STACK said:
“We are very pleased to partner with the State of Illinois on these incentives and with Elk Grove Village on the continued development of our data center campus. It’s especially exciting to be at the forefront of offering tax-advantaged data center space in this rapidly growing market where we continue to see great interest from clients. These benefits address all of the equipment that we expect our clients to include in a new data hall, underscoring our focus on lowering the total cost of ownership.”
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