Cologix's New Data Center Qualifies For Minnesota Sales Tax Incentive Program
Colocation customers can take advantage Market leader for network neutral colocation approved to enable meaningful tax savings for its customers
Enterprise colocation customers now have access to direct benefits under Minnesota’s sales tax incentive program. Cologix has announced that its new 28K SQF MIN3 data center has qualified for the Minnesota’s Department of Employment and Economic Development’s (DEED) sales tax incentive program, which offers tax rebates for certain new data centers and their end customers. Cologix’s qualification for the program is unique for enterprise customers because it is the only certified data center that combines a focus on multi-tenant retail colocation with a downtown Minneapolis location.
“Minnesota enterprises are increasingly responding to the benefits of the colocation model to support their IT needs, especially where data centers are close to home, highly connected and highly redundant. We designed our new data center with these customers in mind,” explains Mike Hemphill, general manager, Cologix Minneapolis. “These customers are regularly spending $50 to $100K per cabinet or to refresh legacy equipment with new servers and switches. Now, with access to the tax program, these customers can reap the benefits of colocation and save up to the equivalent of 25% to 30% of their contracted service fees.”