New York has unveiled a financial incentive aimed at boosting local data center development, offering up to $1 million per megawatt in community investments for qualifying projects. The proposal seeks to attract tech infrastructure while ensuring benefits flow back to municipalities through funding for schools, infrastructure, and other public needs. Officials emphasize that the measure is designed to balance economic growth with equitable community support. Details on eligibility and implementation remain under review as the plan moves forward.
New York proposes $1 million per megawatt community investment for data centers Reuters
