by Brianna Crandall — May 22, 2017 — Stream Data Centers, a national data center developer and operator, just announced it will build a 56,000-square-foot data center for U.S. Bank in the Minneapolis metro area. Construction is underway on the $250-million facility, which was announced last year, with an estimated completion of December 2017.
The single-story, structurally enhanced data center will offer redundant utility power from two separate substations and will be designed to support 2.4 Megawatts (MW) of IT (information technology) load across two data halls. With the new facility, Stream’s total delivered capacity in the market now exceeds 10 MW. The project combines structurally enhanced buildings, independent infrastructure and best-in-class operations.
Rob Kennedy, co-managing partner of Stream Data Centers, pointed out:
The Twin Cities are rapidly becoming a major national data center market. This new facility demonstrates the strength of a talented local workforce, robust incentives, available power and growing connectivity.
More than 25 new or refurbished data centers have been completed in Minnesota since 2012, according to officials with The Minnesota Department of Employment and Economic Development (DEED), and the projects represent a capital investment of more than $2 billion. Nearly 90 percent of them are in the Twin Cities, which ranks eighth among the nation’s large metro areas for the size of its data-processing workforce.
Much of this growth is fueled by the state’s sales tax incentive. Passed in Q3 2013, the program offers sales tax rebates on the purchase of computers and related equipment, including networking and storage systems, cooling and power infrastructure, and software. The program also exempts sales tax on energy consumed at the qualified data center. The incentive remains in place for 20 years, as long as the facility is at least 25,000 square feet and the company invests $30 million into the development.
For more information about Stream Data Centers’ services, visit the company’s Web site.
