JPMorgan Chase received a $77 million tax subsidy from Rockland County, New York for a datacenter expansion creating only one permanent job. Reinvent Albany, a government watchdog, called the deal "totally crazy and irrational," noting it represents $77 million per job—potentially the largest corporate subsidy per job ever recorded. The controversy reflects broader questions about government subsidy efficiency for heavily automated datacenters.
Policy
Chase got a spiff of $77 million to create one job with New York datacenter
JPMorgan Chase extracted a $77 million New York tax subsidy for a datacenter expansion that creates just one permanent job, highlighting the absurdity of government subsidies for increasingly automated infrastructure.
Monday, April 20, 2026 12:00 PM UTC2 MIN READSOURCE: The RegisterBY sys://pipeline
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