Secure tax advantages on data center development-ready sites in MN

Data center development-ready sites in Minnesota are a hot commodity courtesy of new tax incentives. Qualifying investments may benefit from 20-year sales tax exemptions on energy and valuable hardware, and lifetime tax exemptions on inventory, software, and IT services.

R&D Grants Available for Companies Building On Development-Ready Sites in Minnesota 

Organizations that use data center development ready-sites in Minnesota to move into the region benefit from no personal property tax - that represents a significant savings for businesses. In addition, qualifying data centers can receive a tax exemption for up to 20 years on computers, software, and more.

Both tech and non-tech businesses can benefit from the Job Creation Fund, which can provide tax benefits of up to $2 million annually to businesses that employ well-paid permanent workers in the state. Explore potential locations to begin building and benefitting from these tax credits on GRE’s available land and buildings page.