001 April 2026

Just Passing Through? Capital, Place, and the Data Center Buildout

Communities evaluating data centers are asking whether they’re good or bad. That skips a more important question: what kind of capital investment are they? Large capital investments differ not just in size, but in whether they create local economic loops or simply pass through. This issue examines that distinction and what it means for how communities should structure deals, set expectations, and decide where to direct their attention.

Economic Development Tax Incentives Energy & Utilities Financial Risk
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