SIDNEY — A local city council approved a tax break for the development of a data center.
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Sidney City Council approved a 30-year, 100% tax abatement to Amazon Data Services for the construction of a data center on the north side of Millcreek Road.
The project is expected to create 75 new jobs in the span of three years.
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The annual payroll for the jobs created is expected to be $6.75 million, according to city council.
To offset costs related to the development, Amazon Data Services has agreed to provide the city with Payments in Lieu of Taxes (PILOT) totaling $50 million over 15 years.
The city intends to transmit 50 percent of those payments to Sidney City Schools and Upper Valley Career Center.
The agreement also includes a tax-sharing arrangement — 75% of the income tax received by the city of Sidney on the new jobs at the data center will benefit the schools.
The estimated tax sharing amount would be $2.3 million.
We will continue to follow this story.
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