5 Reasons Why the Minneapolis Data Center Market is Growing
10 Jan 2022
Minneapolis is known for a lot of things. It’s one half of the Twin Cities, hosts the MLB’s Minnesota Twins, and was the beloved home of The Artist Formerly Known as Prince. According to a new white paper from Stream Data Centers, it’s also “a robust data center market serving financial and healthcare enterprises as well as cloud hyperscalers.” Stream cites five things that are driving growth in this midwestern market.
First, the white paper discusses how available sales tax exemptions can translate into big savings. “Companies that build or refurbish data centers in Minneapolis may qualify for a sales tax exemption for 20 years on IT equipment, software, and electricity used to operate the data centers.” The paper compares these tax incentives to other markets across the country, showing Minneapolis firmly among the top 5.