Hochul's data center moratorium sparks backlash as business group warns New York is losing investment
New York Governor Kathy Hochul has proposed a one-year moratorium on data centers, drawing significant backlash from business leaders. Steve Fulop, president and CEO of the Partnership for New York City, warned that this ban could lead to a loss of jobs, investment, and AI growth for the state.
New York Governor Kathy Hochul's proposed one-year data center moratorium is facing strong opposition from the business community, with warnings that the policy could deter investment and job creation in the state.
Steve Fulop, president and CEO of the Partnership for New York City, expressed concerns on 'Varney & Co.', stating that the ban threatens to drive essential jobs, investment, and growth in artificial intelligence out of New York. The backlash echoes previous warnings from former Governor Andrew Cuomo regarding a potential exodus of wealth from the state.