LATEST NEWS

DataBank Announces ~$2 Billion Equity Raise. Read the press release.

Get a Quote

Request a Quote

Tell us about your infrastructure requirements and how to reach you, and one of team members will be in touch shortly.

Schedule a Tour

Tour Our Facilities

Let us know which data center you'd like to visit and how to reach you, and one of team members will be in touch shortly.

Get a Quote

Request a Quote

Tell us about your infrastructure requirements and how to reach you, and one of team members will be in touch shortly.

Schedule a Tour

Tour Our Facilities

Let us know which data center you'd like to visit and how to reach you, and one of team members will be in touch shortly.

Get a Quote

Request a Quote

Tell us about your infrastructure requirements and how to reach you, and one of team members will be in touch shortly.

Schedule a Tour

Tour Our Facilities

Let us know which data center you'd like to visit and how to reach you, and one of team members will be in touch shortly.

DataBank’s MSP3 Data Center Officially Qualifies for Minnesota Tax Incentives

DataBank’s MSP3 Data Center Officially Qualifies for Minnesota Tax Incentives

DataBank's MSP3 data center now qualifies for Minnesota's data center tax incentive program

Good news! Our Minneapolis data center, MSP3, officially qualifies for Minnesota’s data center tax incentive program after being certified by the Department of Employment and Economic Development (DEED). MSP3 is the latest DataBank data center to quality, joining our MSP2 facility.

The data center sales tax program has been designed with companies like DataBank in mind as Minnesota continues to attract technology and business investments. This program provides meaningful incentives for business and revenue growth while also helping to foster a technical workforce in the state.

This incentive program can be a significant financial advantage for DataBank clients in Minnesota. It offers sales tax rebates on purchased equipment, software, and even electrical utilities for data center clients and tenants.

The sales tax exemption applies to:

  • Enterprise IT equipment
  • Software

More specific examples include:

  • Computing, networking, and data storage equipment such as computers, servers, and routers. This also includes hardware installation and maintenance agreements.
  • Rack systems, trays, and cables.
  • Software that is used in the data center, including installation and maintenance agreements.

Thanks to this program, DataBank clients can achieve substantial savings related to the significant investments required to set up and maintain IT infrastructure in colocation data centers.

How to Apply

MSP3 has been certified by DEED so any DataBank clients in this data center officially quality. When you purchase qualifying equipment or software, you must first pay the sales and use tax and then request a refund.

To officially request the refund, companies must complete Form ST11, Sales and Use Tax Refund Request All of this information can be found on the Minnesota Department of Revenue’s Qualified Data Centers Sales Tax Exemption website.

A Closer Look at MSP3

Our MSP3 data center serves the growing needs of financial, manufacturing, and healthcare organizations in the Minneapolis area. Set in a 14-acre campus in Brooklyn Park, MSP3 has more than 82,000 raised square feet and is served by two 4.5MW feeds from the Xcel Energy substation. This data center opened in 2021 and is the ideal colocation option for compute-intensive workloads used by hyperscalers, content delivery networks, and Fortune 100 companies.

To learn more about our Minneapolis data center, or any of our colocation facilities across the country, please visit our data center page.

# # #

About DataBank

DataBank helps the world’s largest enterprises, technology, and content providers ensure their data and applications are always on, always secure, always compliant, and ready to scale to meet the needs of the artificial intelligence era.

Recognized by Deloitte in 2023 and 2024, and Inc. 5000 in 2024 as one of the fastest-growing private US companies, DataBank’s edge colocation and infrastructure footprint consists of 65+ “HPC-ready” data centers in 25+ markets, 20 interconnection hubs, and on-ramps to an ecosystem of cloud providers with virtually unlimited reach.

We combine these platforms with contract portability, managed security, compliance enablement, hands-on support, and a guarantee of 100% uptime availability, to give our customers absolute confidence in their IT infrastructure and the power to create a boundless digital future for their business.

To learn more, Follow us on LinkedIn or Subscribe to our YouTube channel. To tour a facility, visit DataBank or call 1(800) 840-7533.

Media Contacts

For Media Inquiries:

SourceCode Communications
databank@sourcecodecomms.com

 

DataBank Contact:

JP Laqueur
Senior VP, Marketing
jlaqueur@databank.com

Discover the DataBank Difference

Discover the DataBank Difference

Explore the eight critical factors that define our Data Center Evolved approach and set us apart from other providers.
Download Now
Get Started

Get Started

Discover the DataBank Difference today:
Hybrid infrastructure solutions with boundless edge reach and a human touch.

Get A Quote

Request a Quote

Tell us about your infrastructure requirements and how to reach you, and one of the team members will be in touch.

Schedule a Tour

Tour Our Facilities

Let us know which data center you’d like to visit and how to reach you, and one of the team members will be in touch shortly.