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DataBank Officially Qualifies for Minnesota Tax Incentives

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.

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About DataBank

Recognized by Deloitte as one of the fastest-growing private U.S. companies in 2023, 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.

Our edge colocation and infrastructure footprint consists of 65+ “HPC-ready” data centers in 27+ 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

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