New York Releases Community Investment Framework for Developing Data Centers

New York has unveiled its first-in-the-nation Host Community Investment Framework for Data Center Development. The framework follows an executive order signed by Governor Kathy Hochul in July establishing a year-long moratorium on hyperscale data center development in the state. Hochul, who spoke about the framework Tuesday morning, says it gives communities that want to host data centers the "toolbox" to get the most out of it...

Kathy Hochul: gives local governments a roadmap

Hochul says it also helps communities get a deal that mitigates negative effects of hosting such facilities...

Kathy Hochul: should reap meaningful rewards

Part of the framework, which can be found here, requires data center developers to pay at least $1 million per megawatt of power for local community investments.