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CoreSite Lands IL Tax Incentives on New Data Center
Denver-based CoreSite Realty Corporation has executed a Memorandum of Understanding for the Illinois Data Centers Investment Program with the Illinois Department of Commerce and Economic Opportunity, supporting its new ground-up data center development in the South Loop.
In June 2019, the State of Illinois established a new Data Center Investment Act, spearheaded by Governor J.B. Pritzker, legislators, business leaders and organizations. This 10.25% tax incentive will be extended to CoreSite’s participating customers for purchasing equipment as part of locating in CoreSite’s qualifying new CH2 data center, CH2.
“We are very pleased to be at the forefront of this new economic opportunity and to have completed our agreement with the State of Illinois,” said Matt Gleason, CoreSite’s VP and general manager. “We look forward to working with prospective customers to pursue services at our new facility and to participate in this tax incentive opportunity.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
