JPMorganChase received millions in tax breaks to expand a data center. Meanwhile, it created just one full-time job

In 2024, JPMorganChase applied to receive financial assistance from Rockland County, New York, in order to expand a data center in Orangeburg, a hamlet of fewer than 4,300 people. The development agency approved the assistance, which totaled nearly $77 million in state and local tax breaks for the project. In return, documents show, the company said the expansion would create just one full-time job. Now government accountability group Reinvent Albany has called out the deal as “the largest...