DataBank Officially Qualifies for Minnesota Tax Incentives
State of Minnesota Data Center Sales Tax Program will greatly benefit clients of DataBank's new Twin Cities facility
Minneapolis, MN - May 12, 2015 -DataBank, Ltd., a leading custom data center, managed services and cloud provider, announced today that the company's new 90,000 sqft data center in Eagan was granted qualification in Minnesota's data center tax incentive program.
The program, which is administered by Minnesota's Department of Employment and Economic Development (DEED), will offer tax rebates on both purchased equipment and utilities for client deployments in DataBank's (MSP-2) East Twin Cities facility. Minnesota has made very clear its intent to grow IT-centric business investment in the State. The program is not only geared to both incentivize and ease technology business entry, but also foster a technical workforce and revenue growth throughout the region.
"This incentive program offers a material financial advantage to DataBank clients," said Kevin Ooley, CFO & EVP for DataBank, Ltd. "With it, our clients can receive sales tax rebates on the equipment and software purchased and deployed in our data center. Given the investment required for a technology deployment, the savings to customers on equipment such as servers, storage devices, and networking gear can be substantial."
"The Data Center Sales Tax Program was designed with companies like DataBank in mind," said Kevin McKinnon, the Deputy Commissioner of Economic Development for Minnesota. "The program coupled with this type of top-tier data center availability entices the technology-driven enterprise business to Minnesota."
To learn more about DataBank and the company's complete suite of data center, cloud and managed services, please visit the corporate website at www.databank.com.
DataBank is a leading provider of enterprise-class data center solutions aimed at providing customers with 100% uptime availability of data, applications and deployed infrastructure. We offer a full suite of hosting solutions including colocation, managed services and cloud solutions that are anchored in world-class secure data center facilities with best of breed infrastructure and highly robust network architecture. Our customized customer deployments are designed to effectively manage risk, improve their technology performance and allow them to focus on their core business objectives. DataBank is headquartered in the historic former Federal Reserve Bank Building, in downtown Dallas, TX and has additional data centers in Dallas, Minneapolis and Kansas City. For more information on DataBank locations and services, please visit www.databank.com or call 1(800) 840-7533. ###