STREAM U.S. Seeks $774 Million in Incentives for Data Center Project

STREAM U.S. seeks $774 million in incentives for data center project

STREAM U.S. Data Centers, LLC is seeking financial incentives of $774 million while investing more than $11 billion to develop a 2.2-million-square-foot data center at the Western New York Science & Technology Advanced Manufacturing Park in the town of Alabama.

Proposed incentive package for data center includes higher property taxes, savings on construction taxes

Rendering of one of the buildings proposed for the Stream Data Center in WNY STAMP. The Genesee County Industrial Development Agency board will vote Thursday on whether to authorize a public hearing for a tax incentive package worth an estimated $774 million sought by Stream U.S. Data Centers for a project at STAMP in Alabama.The bulk of the requested tax abatement is relief from sales tax on the facility’s construction. In addition to the sales…