The operator of a Trumbull data center said he will make a $200 million investment that will upgrade the property, boost its value and bring more jobs to town. Roelof Opperman, the CEO and founder of cogNOVUM, the operator of the data center at 80 Merritt Blvd, said the investment is the first step of a state-offered tax incentive program the company is pursuing and will bring many long-term benefits to Trumbull. Bakalar said the investment will be over a five-year period, ending in 2030. Then, she said the company will apply to the state’s Data Center Tax Incentive Program, which is under the state Department of Economic and Community Development. According to the DECD website, the program provides tax and property tax exemptions to certain goods, services and real property of the data center after making a “significant upfront capital investment.” Opperman said part of the reason his eyes were set on the Trumbull location was because of its history as the first Nasdaq Stock Market location and its proximity to New York City.
Trumbull data center plans to invest $200 million in the property over the next five years
