T5 Data Centers has announced that it’s expanding its facility in Chicago, Illinois, in the final 20MW phase of its T5 Chicago facility at 200 Innovation Drive in Elk Grove. Acquired by T5 in 2016, the company first broke ground on an expansion back in 2017; its current expansion offers 140,0...
Company: T5 Data Centers
Region: North Carolina Data Center Corridor
State: North Carolina
Country: United States
Region: North America
Short Code: T5@Kings Mountain
Gross SqFt: 75,000
A purpose-built, powered data center shell measuring 146,000 square feet and expandable to 468,000 square feet.
Tax Abatement Incentives:
Under the HB 117 tax exemption umbrella, T5 Data Centers is exempt from paying sales or use taxes on major equipment and supporting infrastructure during construction of the new build-to-suit data center. The savings during construction are expected to be significant for T5 as well as for T5’s customers. It also means that T5 Data Centers and its new customer will be exempt from taxes related to data hall IT deployments and facility operations, which includes expenses for servers, hardware, equipment, and taxes on electricity. To qualify for the tax exemption, a cumulative anticipated investment of $75 million has to be made in the data center over five years. Source: T5 DataCenters