What Incentives Are Available for Data Center Sites?

What Incentives Are Available for Data Center Sites? Main Photo

18 Sep 2023


News

Data center sites have financial motivation to place their companies on a shovel-ready area in the Corridor!

  • MN Tech Corridor’s electric costs are 23 percent lower than the national average. 
  • Minnesota businesses with fewer than 25 employees that focus on research of qualifying high-tech can potentially gain up to $1 million in angel tax credits.
  • Data or network operation companies with specific qualifications will receive sales tax exemptions on certain equipment and do not pay personal property tax.
  • Approved companies can receive funding from the Minnesota Job Creation Fund.
  • The region has impressive research and development tax credit options.

For more details on financial incentives, get in touch with our staff!