Core Insights - The Indiana legislature passed a bill in 2019 offering significant sales tax exemptions for eligible data centers, allowing them to avoid the state's 7% tax on equipment and power purchases, benefiting large tech companies [1] - Demand for data center capacity has surged, particularly due to the AI boom following the launch of OpenAI's ChatGPT in 2022, with projected investments reaching $1 trillion by 2027 [3] - A CNBC analysis revealed that states are forfeiting hundreds of millions in tax revenue to attract data centers, with major beneficiaries including Amazon, Meta, and Google, all valued over $1 trillion [4] Tax Incentives and Economic Impact - Nearly all states with sales taxes provide exemptions for data centers, with 42 states offering full or partial exemptions, totaling nearly $6 billion in the last five years [6] - Data centers in Northern Virginia generated 50,700 jobs and contributed $7.2 billion to the economy between 2021 and 2023, while the rest of Virginia created only 12,100 jobs and contributed $1.3 billion [16] - A Virginia study indicated that for every dollar not collected in sales tax, the state generated 48 cents in new revenue, outperforming other industries with similar exemptions [11][12] Job Creation and Economic Viability - Data centers create relatively few permanent jobs, with a Microsoft facility in Illinois receiving over $38 million in exemptions but only creating 20 permanent jobs [7][20] - A 2017 report found that data centers employ an average of 1,688 workers during construction but only 157 permanent jobs once operational [21] - The Virginia audit projected a significant increase in energy demand from data centers, with power demand expected to double in the next decade [23][24] Corporate Responses and Sustainability Efforts - Major tech companies like Amazon, Google, and Microsoft assert they work with utility companies to manage growth costs and invest in sustainable energy sources [25] - Amazon reported contributing $460 million in property taxes and fees in Virginia in 2023 and has invested over $75 billion in the state since 2011 [26]

GUANGZHOU, China, June 20, 2025 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world’s leading Urban Air Mobility (UAM) technology platform company, announced today that the Company has entered into a strategic cooperation agreement with the Management Committee of Jingyue High-tech Industrial Development Zone (“Jingyue Hi-tech Zone”) in Changchun, Jilin Province. The two parties will jointly develop a provincial-level demonstration zone for low-altitude economic dev ...

Tel Aviv, Israel, June 20, 2025 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that the TSX Venture Exchange (“TSXV”) has approved the previously announced acquisition (the “Proposed Transaction”) by Impact Acquisitions Corp. (TSXV: IMPC.P) (“Impact”), of 100% of the equity interests of Fort Products Limited (“Fort”), a wholly-owned U.K.-based subsidiary of Jeffs’ Brands, in ...

Old Dominion Freight Line (NASDAQ: ODFL ) for the past year has been plagued by headwinds from higher for longer interest rates. As a result, the LTL truck load carrier has seen rising operating costs and lower freight volumes, both ofContributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone ...

Investors pay close attention to the quarterly rebalancing of the S&P 500 index for good reason. First, the stocks in the S&P 500 make up approximately 80% of the total U.S. equity market. Second, when a stock is added to the index, it frequently leads to increased institutional buying, which can lift the stock price. That was the case in 2024, when Palantir Technologies Inc. NASDAQ: PLTR was added to the index. However, investors with an interest in small- to mid-cap stocks are paying close attention to th ...

Closed-end investment company intended for informed investors UAB “Atsinaujinančios energetikos investicijos” (hereinafter - the Company), whose securities (the Bonds) are listed and admitted to trading on the Bond List of Nasdaq. The Company has received a notification from the person closely associated with persons discharging managerial responsibilities regarding the transactions in the Company's Bonds (enclosed). Contact person for further information: Mantas Auruškevičius Manager of the Investment Com ...

Extension Valued at Approximately $110 Million through June 30, 2026 BETHESDA, Md., June 20, 2025 /PRNewswire/ -- Centrus Energy (NYSE American: LEU) today announced that the U.S. Department of Energy has exercised an option to extend Centrus' competitively-awarded contract to produce High-Assay, Low-Enriched Uranium (HALEU) through June 30, 2026.  The Department has additional options for continued production for up to eight additional years beyond that date.  "This extension reflects the ongoing value of ...

TAUNTON, UNITED KINGDOM - FEBRUARY 27: The BP logo is displayed outside a petrol station that also ... More offers electric vehicle recharging in Taunton on February 27, 2025 in Somerset, England. Oil giant BP, announced that it is slashing renewables investment and instead boosting its fossil fuel production. (Photo by Anna Barclay/Getty Images)Getty Images BP plc stock (NYSE: BP) has increased by about 7% year-to-date, slightly surpassing the S&P 500’s 2% increase. Currently trading at around $32 per shar ...

FedEx truck is seen in Krakow, Poland on June 11, 2025. (Photo by Jakub Porzycki/NurPhoto via Getty ... More Images)NurPhoto via Getty ImagesFedEx (NYSE:FDX) is set to release its fiscal Q4 2025 earnings on Tuesday, June 24, 2025. Historically, FedEx’s stock has demonstrated varied reactions to earnings announcements over the last five years. After earnings releases, the stock has recorded positive one-day returns in 50% of instances, with a median increase of 6.6%. Conversely, in the remaining 50% of cases ...

Tesla is gearing up to finally launch its robotaxi service, but the company is drawing close to another equally important deadline. As Elon Musk gets set to begin offering robotaxi rides to a select group of invitees in Austin this weekend, Tesla fans are still waiting for news about the company's long-awaited low-cost electric cars.In January, Tesla said that it would start production on new models, "including more affordable models," in the first half of 2025. In the automaker's earnings in April, Tesla ...