Compass Datacenters' first data center in the metro Minneapolis area has been certified by the State of Minnesota and has qualified for a tax credit that the state's Department of Employment and Economic Development (DEED) has established to encourage projects that enhance Minnesota's technology infrastructure. The tax credit from DEED provides Compass with a long-term sales tax credit that supports Compass' growth in the state and that also benefits Compass' customers in Minnesota.
"Minnesota is a great market for Compass not only because of the demand we are seeing for our dedicated data centers, but also because of the great collaboration we have had with the state and local government. DEED has created programs that could be a model for any state looking to support companies that rely on IT infrastructure as well as the companies that build those data centers — both of which bring significant capital investments and job creation to the state," said Chris Crosby, CEO of Compass Datacenters. "This certification and tax credit program is just one of the many ways that the state and local government have helped us to make this investment. We are already looking ahead to our next project in Shakopee, and we look forward to further collaboration with DEED as we grow."
"Minnesota's Data Center Sales Tax Incentive Program is designed to encourage companies to make major investments that bring important infrastructure and jobs to our state," said Commissioner Katie Clark Sieben of the Minnesota Department of Employment and Economic Development. "This project by Compass is a great example of how private industry and the state of Minnesota can work together to strengthen the state's economy."