|[September 11, 2013]
Global Data Center Services Provider CyrusOne Says Customers to Benefit from Carrollton, Texas, Data Center Tax Incentives
DALLAS --(Business Wire)--
center services provider CyrusOne (News - Alert) (NASDAQ: CONE) today said that
recently approved new data center legislation is expected to benefit
customers deploying new space in its Massively Modular®
facility in Carrollton. The Carrollton tax incentive is a build on to
the Texas state incentives (H.B. No. 1223) passed in June, which
eliminated the state sales and use tax of 6.25 percent on data center
utilities, infrastructure, and networks purchases. The
Carrollton-specific incentive rebates up to another 0.5 percent in sales
and use tax for the same customer purchases, or up to 50 percent of the
taxes the city would normally receive.
CyrusOne's Carrollton Data Center (Photo: Business Wire)
"This tax incentive will translate into as much as $31 million in
savings over 10 years for a large data center deployment. These are
savings that enable the provider to hire more highly skilled technology
positions to the Carrollton data center," said Gary Wojtaszek, president
and CEO, CyrusOne. "This all further enhances the ecosystem of
technology companies that have already found this to be a highly
desirable location to do business."
CyrusOne customers eligible for the incentive must create at least 20
qualifying jobs in Carrollton, occupy at least 100,000 square feet of
space to process, store, and distribute data, and agree to a significant
investment in CyrusOne's Carrollton facility over a five-year period.
Because the city of Carrollton sales tax incentive policy for data
centers is being proposed in conjunction with the state's temporary
sales and use tax exemption (H.B. No. 1223), customers must have first
qualified for and received the temporary sales and use tax exemption
from the state in order to apply locally.
"We've been proud to be CyrusOne's North Texas home since the start. The
investment the company made in its facility here and its designation as
the corporate headquarters speaks volumes about the vitality of our
business climate, the talent of our workforce, and the vibrancy of our
city," said Carrollton Mayor Matthew Marchant. "These new data center
incentives we now offer customers in our community are another example
of our work to diversify and leverage development opportunities here."
Data Center Legislation Benefits Customers
Located on Frankford Road, CyrusOne's Carrollton site boasts 630,000
square feet, including raised white floor and Class A office space.
CyrusOne's unique Massively
Modular acility design approach enables quick deployment of
customer data center requirements, including single-purpose-built
dedicated facilities as well as shared infrastructure solutions. The
facility is designed to rapidly accommodate the minimum 100,000 square
feet of customer footprint required for incentive eligibility.
The incentives provided under this policy are in the form of a tax
rebate. The Carrollton City Council reviews each incentive request on a
case-by-case basis and determines the percentage of sales tax to be
rebated - up to one-half of the 1 percent sales and use tax on
operational property purchases, such as electricity, a server, network
connectivity equipment, a rack, cabinet, and raised-floor system, among
10 other high-value eligible purchases.
"The City of Carrollton's commitment to this additional tax incentive,
combined with CyrusOne's new Internet Exchange product, which provides
our Internet customers with access to hundreds of networks to easily
access, transmit, and manipulate data, solidifies the city of Carrollton
as one of the premier technology cities in the Dallas-Fort Worth
metroplex," said Wojtaszek.
Delivering Best-in-Class Enterprise Facilities and Robust Connectivity
CyrusOne specializes in highly reliable enterprise data center
colocation solutions and engineers its facilities with the highest power
redundancy (2N architecture) and the power-density infrastructure
required to deliver excellent availability.
Customers also have access to the CyrusOne National
Internet Exchange (National IX), which marries low-cost robust
connectivity with the massively scaled data centers that CyrusOne is
known for by virtually linking a dozen CyrusOne facilities in five
metropolitan markets (Dallas, Houston, Austin, San Antonio, and
Phoenix). As a result, CyrusOne customers have an opportunity to go
beyond the benefits of a single data center and efficiently architect a
data center platform for their production or disaster recovery solution
using multiple data centers connected by powerful, low-cost
carrier-grade connectivity. This approach represents a true paradigm
shift in the way companies are managing the creation, access, and
sharing of their data.
Moreover, the CyrusOne National IX provides customers with the
opportunity to drive additional revenue by improving their immediately
addressable market, to reduce expenses with a lower-cost option for
point-to-point connectivity between data centers, and to improve service
quality through higher levels of resiliency.
CyrusOne operates 25 carrier-neutral data
center facilities across the United States, Europe, and Asia that
give customers the flexibility and scale to perfectly match their
specific growth needs. The company is renowned for exceptional service
and for building enduring customer relationships and high customer
satisfaction levels. Customers include nine of the global Fortune 20
companies and more than 100 of the Fortune 1000.
For more information about CyrusOne, call 1-866-CYRUSONE
(1-866-297-8766) or visit www.cyrusone.com.
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CyrusOne (NASDAQ: CONE) specializes in highly reliable enterprise-class,
carrier-neutral data center properties.�The company provides
mission-critical data center facilities that protect and ensure the
continued operation of IT infrastructure for more than 550 customers,
including nine of the global Fortune 20 and more than 100 of the Fortune
CyrusOne's data center offerings provide the flexibility, reliability,
and security that enterprise customers require and are delivered through
a tailored, customer service-focused platform designed to foster
long-term relationships. CyrusOne's National Internet Exchange (National
IX) platform provides robust connectivity options to drive revenue,
reduce expenses, and improve service quality for enterprises, content,
and telecommunications companies. CyrusOne is committed to full
transparency in communication, management, and service delivery
throughout its 25 data centers worldwide.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130911006166/en/
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