This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CyrusOne's Carrollton Data Center (Photo: Business Wire)

Stocks in this article: CONE

Global data center services provider CyrusOne (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)

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.”

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs