Scioto County Considers Tax Abatement for $1 Billion Data Center Development
Scioto County officials are considering a 75% tax abatement for a proposed $1 billion data center in Haverhill, which would include a 500,000-square-foot facility expected to create approximately 1,200 construction jobs and 50 permanent positions. The agreement, set to last 15 years, aims to boost local employment and revenue, with a vote scheduled for January 22. The company's identity remains confidential due to a nondisclosure agreement.
Theia Market Signal Identification - AI Assisted
Scioto County officials are reviewing a tax abatement agreement for a proposed $1 billion data center in the Haverhill area. The first phase includes a 500,000-square-foot facility expected to create around 1,200 construction jobs, with a preference for local labor.
The company's identity remains undisclosed due to a nondisclosure agreement. The agreement anticipates 50 permanent jobs at the center, with additional employment from related services. The tax abatement, proposed at 75%, has an effective rate closer to 50% due to payment-in-lieu-of-taxes provisions, and would last for 15 years.
The site could expand into a larger campus with greater economic benefits. Local schools and taxing entities would receive more revenue than currently, as the land is taxed at a lower agricultural rate. The commissioners will vote on the matter on January 22.
Comments