New York Seeks 1M Per Megawatt for Data Centers

New York Governor Kathy Hochul recommends local governments seek at least 1 million dollars per megawatt from new data center developers. The proposal aims to ensure communities share equitably in the economic value of these facilities as power demand rises nationwide.

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FILE PHOTO: New York Gov. Kathy Hochul speaks to the media during a rally with immigration advocates in New York City, U.S., June 25, 2026.

New York Governor Kathy Hochul proposed $1 million per megawatt in community investments for data center developers, targeting projects across United States infrastructure. The proposal follows New York's recent moratorium on large facilities. The investments aim to share economic value with local municipalities.

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