Data center deal in Senate clears way for development

The Senate overwhelmingly gave final approval Monday to the data center incentives measure, as well as a second bill that pledges roughly $110 million to $120 million in new general government aid to cities and towns — but doesn’t commit the funds right now. Negotiations between the Senate Democratic caucus and the Lamont administration over the past few days concluded with the bill moving forward, along with a pledge from the governor to support new environmental standards that the legislature would adopt this spring, Cohen said. Data centers consume huge quantities of electricity, both to process data and to support heating, ventilation and air conditioning units that protect computer hardware. The sales tax exemption would be extended to 30 years if a $400 million investment is made, or a $200 million investment in an enterprise zone.

https://www.stamfordadvocate.com/news/article/Data-center-deal-in-Senate-clears-way-for-15991795.php

Share This Article: