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Home > Network/Internet > CoreSite has accepted to Illinois Data Centres Investment Program

CoreSite has accepted to Illinois Data Centres Investment Program

CoreSite Realty Corporation’s application for Illinois Data Centres Investment Program has been accepted by the Illinois Department of Commerce and Economic Opportunity.

Seda Nur Cinar by Seda Nur Cinar
February 7, 2020
in Network/Internet
1 min read
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CoreSite has accepted to Illinois Data Centres Investment Program
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CoreSite Realty Corporation, a provider of secure, reliable, high-performance data center and interconnection solutions in major U.S. metropolitan areas, announced the acceptance of its application with the Illinois Data Centers Investment Program. In June 2019, the State of Illinois established a new Data Center Investment Act, led by Governor J.B. Pritzker, legislators, and business leaders and organizations.

A tax credit of 20% of wages paid

Matt Gleason, Vice President and General Manager, CoreSite
Matt Gleason, Vice President and General Manager, CoreSite

The data center’s investment program provides owners and operators with exemptions from a variety of state and local taxes for qualifying Illinois data centers. Also, data center owners and operators who have been accepted to the program have the chance to pay a tax credit of 20% of wages for construction workers for projects located in underserved areas.

“The establishment of the Data Centre Investment Act was a great outcome for the State of Illinois and for data center businesses like CoreSite,”

said Matt Gleason, CoreSite’s Vice President, and General Manager.

“We appreciate the efforts by everyone involved, including the work by the Chamber of Commerce, and the opportunity to be a small part of a great win for the State of Illinois and the city of Chicago. We’re excited to have our application accepted as we work with the State to finalize our incentive agreement,” he continued.

See more Network/Internet News


Tags: CoreSiteIllinois Data Centres Investment Program
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Seda Nur Cinar

Seda Nur Cinar

Seda Nur Cinar is the news editor of the Cloud7 News. With more than 8 years of Linux and cloud experience, Seda is a Linux and opensource enthusiast, security researcher and a web application developer.

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