Sentinel Data Centers Qualifies for Data Center Tax Incentive

RALEIGH, N.C. -- Sentinel Data Centers, a leading owner, developer and operator of enterprise-grade colocation data centers, announced recently that its 420,000 square foot facility in Durham, North Carolina, has obtained formal qualification for North Carolina’s recently passed data center tax incentive under the Data Center Infrastructure Act. As a result, Sentinel’s new and existing tenants, regardless of size, will benefit from sales tax exemptions on IT and related data center equipment purchases as well as on electricity consumption.


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“This is a major milestone for our NC-1 facility,” said Todd Aaron, Co-President of Sentinel Data Centers. “With all-in power rates below $0.045 per kwh, the total cost of occupancy for our tenants is now irrefutably among the lowest in the country.”

Signed into law by Governor Pat McCrory on September 30, 2015, the Data Center Infrastructure Act offers property and utility sales tax exemption to data center providers and occupants that have collectively invested at least $75 million in private funds in a given facility. Previously, the North Carolina tax incentive statutes for data centers required a minimum investment of $150 - $250 million and did not enable tax benefits to accrue to occupants of multi-tenant facilities. The new legislation enables these incentives to propagate down to even the smallest of colocation users within qualifying facilities.

“The benefits provided under this new legislation exceed those available elsewhere and will undoubtedly solidify North Carolina’s standing as the optimal and most cost-effective locale for data center infrastructure,” Aaron added. “We look forward to continuing to grow our platform in the state for many years to come.”

About Sentinel Data Centers
Sentinel Data Centers, LLC, is a leading owner, developer and operator of multi-tenant, and build-to-suit enterprise-grade data centers. Founded in 2001, Sentinel was an early pioneer in the “wholesale” data center business. Since its inception, Sentinel has developed more than 1.6 million square feet and 120 megawatts of best-in-class multi-tenant and build-to- suit data center solutions for a diversity of Fortune 500 enterprises across multiple industries, including financial services, healthcare, technology and biotechnology. Sentinel strives to stay at the forefront of evolving best practices for data center design, development and operation, and maintains a flexible and transparent business model that is grounded in customer service. To learn more visit www.sentineldatacenters.com.