JP Morgan

New York bill proposes ending state subsidies for data centers

Reinvent Albany is advocating for a bill in New York that would prohibit data centers from receiving state subsidies and low-cost power. The group argues these subsidies are morally indefensible, citing high utility usage and lack of benefit for New Yorkers, using a JP Morgan data center as an example. The proposed legislation seeks to reform how data center projects are funded in the state.