Data Center Incentives
A new law allows the Department of Economic Community Development (DECD) to enter into incentive agreements with qualified data centers for 20-30-year terms depending on size and location of the data center. This includes sales and use tax exemptions for goods and services purchased by the data center, property tax exemptions, and exemption from any future financial transactions taxes. To be eligible for the 20-year term, data centers must make a qualified investment in the site of $50 million if the site is in an opportunity zone or $200 million if it is not. For a 30-year term, the investment must be $200 million in an opportunity zone and $400 million elsewhere.
For more information and how to apply, visit the Connecticut Department of Economic & Community Development's Office of Data Infrastructure Administration & Security.
Category: Business, State
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For more information, visit the Connecticut Department of Economic...
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For more information, visit the...
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Eligible businesses in eligible communities may qualify for:
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A 10-year, 25% credit on that portion of...
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For more information, visit the Connecticut Department of Economic...
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