• July 9, 2020

H5 Data Centers’ Cleveland Data Center is the First Multi-Tenant Data Center to Qualify for the State of Ohio’s Tax Abatement Program - Odessa American: News

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H5 Data Centers’ Cleveland Data Center is the First Multi-Tenant Data Center to Qualify for the State of Ohio’s Tax Abatement Program

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Posted: Wednesday, June 24, 2020 6:30 am

DENVER--(BUSINESS WIRE)--Jun 24, 2020--

H5 Data Centers, a national colocation and wholesale data center provider, today announced that its data center at 1625 Rockwell Avenue has qualified for the State of Ohio’s data center sales tax abatement program. All H5 Data Centers’ customers at the downtown Cleveland data center can be eligible for 100% sales and use tax abatement from the State of Ohio on all eligible data center equipment such as servers, routers and storage devices. Final approval of the tax exemption for any individual organization at the data center is contingent upon the approval of the Ohio Tax Credit Authority.

In early 2014, the State of Ohio modified an existing statute to allow the sales tax exemption to extend to not only qualifying data center owners but also to customers of qualifying data center locations. H5 Data Centers and its customers have now qualified by investing more than $100 million and exceeding the employment and payroll requirements.

"Qualifying is a great opportunity for our customers to significantly lower their total cost of ownership for IT infrastructure," said Josh Simms, CEO of H5 Data Centers. "The State of Ohio passed an excellent program, through efforts of JobsOhio, that’s accessible to organizations large and small. A typical IT requirement in Cleveland can avoid paying sales taxes of approximately eight percent (8%), which can be the equivalent of several years of free rent."

Save Up to 25% on Data Center Infrastructure Deployments

Cleveland Data Center Highlights:

  • 351,000-square-foot data center
  • Tier III data center design
  • 100% sales tax abatement
  • Annual SOC 2 Type II audits and ISO 27001 certification

About H5Data Centers

H5 Data Centers is one of the leading privately-owned data center operators in the United States, with over 2 million square feet of data center space under management. The company designs and engineers flexible and scalable data center solutions to address the core infrastructure and edge requirements of its customers. H5 Data Centers operates data centers in Albuquerque, Ashburn, Atlanta, Charlotte, Cincinnati, Cleveland, Denver, Phoenix, Quincy, San Antonio, San Jose, San Luis Obispo, and Seattle. For more information, visit www.h5datacenters.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200624005268/en/

CONTACT: H5 DataCenters Media Contact:

Jenna Baker

Jenna.Baker@H5DataCenters.com

(303) 714-7805

KEYWORD: UNITED STATES NORTH AMERICA OHIO COLORADO

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE TECHNOLOGY MOBILE/WIRELESS CONSTRUCTION & PROPERTY PUBLIC POLICY/GOVERNMENT NETWORKS HARDWARE STATE/LOCAL DATA MANAGEMENT

SOURCE: H5 Data Centers

Copyright Business Wire 2020.

PUB: 06/24/2020 07:30 AM/DISC: 06/24/2020 07:30 AM

http://www.businesswire.com/news/home/20200624005268/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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