Category Archives: Show on PTP

DC BLOX, a provider of interconnected multi-tenant data centers that deliver the infrastructure and connectivity essential to power today’s digital business, announces that the company has acquired land in High Point, North Carolina with plans to construct the first highly secure, Tier III data center in the Carolina Core / Piedmont Triad region which includes High Point, Greensboro and Winston-Salem.

Company officials and the High Point Economic Development Corporation announced the project at the May 5, 2021 virtual meeting of the High Point EDC Board of Directors.

According to High Point Economic Development Interim Director Sandy Dunbeck, “DC BLOX has chosen High Point to build a multi-tenant data center that could add more than $305 million to our tax base, which is the largest capital investment project for High Point in the 15 years since I have been with the High Point EDC. We are grateful for the company’s confidence in our city and our community.”

High Point Mayor Jay Wagner said, “Throughout these last several months and over our many discussions, it has become clear to me that DC BLOX is a first-rate company. A company tagline is that DC BLOX is ‘serving locally, connecting globally’ – and we know the company will find High Point to be the perfect location to handle that mission.”

The company’s data centers have all the infrastructure needed by their clients – such as wiring, uninterruptible power supply systems, climate control systems, staffing, security measures, and network connectivity including public cloud access. The company’s multiple clients will put data processing equipment such as servers and affiliated equipment in the data center.

Melvin “Skip” Alston, the chair of the Guilford County Board of Commissioners, said, “We have been impressed by what the company pledges to do for the community. In one of its presentations to the commissioners, DC BLOX pledged to work to reduce the digital divide in underprivileged areas; provide technology support for non-profits and disadvantaged minority-owned businesses; and foster training and education for tomorrow’s technology workers.”

The carrier-neutral data center planned for the Carolina Core / Piedmont Triad region will be the first-of-its-kind in the market. When complete, the facility will be fully interconnected to DC BLOX’s Southeastern regional network of data centers and connectivity partners, including access to the region’s Internet Exchange (IX) at 56 Marietta in Atlanta and with plans to connect to the IX in Ashburn, Virginia. Direct, private access to major public cloud providers and to all carriers across its data center footprint are also provided. The facility will offer colocation for hosting primary IT infrastructure as well as secondary disaster recovery sites and provide infrastructure for large-scale object storage solutions.

When six “data halls” are completed in the building, capital investment could be more than $305 million.

• more than $40 million of that amount would be in real property;
• more than $9.6 million would be the personal property of DC BLOX; and
• more than $255.4 million “induced customer investment” from the equipment of the client businesses of DC BLOX.

Public hearings were held in October 2020, at which both the High Point City Council and the Guilford County Board of Commissioners unanimously authorized performance-based incentives for the project. The Carolina Core is a region on the rise with companies across industries finding success thanks to the area’s skilled talent and affordability.

To learn more about DC BLOX, please visit www.dcblox.com. To learn more about the Carolina Core visit www.nccarolinacore.com.

# # #

About DC BLOX

DC BLOX owns and operates interconnected multi-tenant data centers that deliver the infrastructure and connectivity essential to power today’s digital business. DC BLOX’s private network fabric and robust connectivity ecosystem enable access to built-in carriers, Internet exchanges, public cloud providers, and DC BLOX data centers to businesses across the Southeast. DC BLOX’s data centers are located in Atlanta, GA; Birmingham, AL; Huntsville, AL; Chattanooga, TN; and soon in Greenville, SC. For more information, please visit www.dcblox.com, call +1. 877.590.1684, and connect with DC BLOX on Twitter, LinkedIn, and Facebook.

About the Carolina Core

A 120+ mile stretch of central North Carolina from west of Winston-Salem to Fayetteville and encompassing Greensboro and High Point, the Carolina Core is a region of globally competitive assets – a talent pool of more than 2 million people, access to 30+ colleges and universities with 250,000 students, multiple airports, four megasites totaling 7,200 acres of certified land, urban research parks and more. Purpose and vision are at the Core, with public and private leadership highly engaged on a vision for the future and more innovative companies locating and expanding in the Carolina Core every day. Learn more at NCCarolinaCore.com.

North Carolina ranks among the nation’s best-performing states overall in a study comparing state corporate tax costs across the country, according to a Tax Foundation report.
The distinctive study modeled eight different types of new and mature firms and analyzed what each would pay in state and local taxes in each state. North Carolina ranked third overall for lowest effective state tax rates for the new firms and fifth overall for the mature firms.
The study points out that “over the past decade, North Carolina has implemented historic tax reforms which involved, among other provisions, reductions in the state’s corporate income tax rate and paring back targeted tax incentives.” It also notes that North Carolina has the lowest corporate income tax rate in the country at 2.5%.
Some key findings of the report include:
A new corporate headquarters in North Carolina has very low income and property taxes, resulting in an effective rate of 7.1%, the lowest such rate in the country and 57% below the national median.
North Carolina ranks third for the mature corporate headquarters with an effective rate of 10.4%.
North Carolina’s low property taxes benefit the mature technology center, which experiences the fifth-lowest total effective rate for its firm type, as well as the mature distribution center, labor-intensive manufacturing operation, and shared services center, which all experience the fourth-lowest total effective rates for their firm types.
The new research and development facility faces average sales and unemployment insurance tax rates in North Carolina, and property taxes are notably lower than in most states.
Of all the firm types, data centers and new capital-intensive manufacturers experience the highest rates in North Carolina relative to other states.
Read more…
https://edpnc.com/nc-ranks-among-top-states-in-competitive-corporate-taxes/