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Data center projects bring $2.67 billion in investment and 5,322 jobs, Garry Tan notes
Garry Tan, president and CEO at Y Combinator, highlights the economic benefits of a one-gigawatt data center complex. According to Tan, such a project generates 5,322 permanent jobs, $157 million per year in state taxes, $248 million per year in local taxes, and results in $2.67 billion in combined investment during construction.
He adds that despite these figures, Seattle has banned the development of these types of data centers.
Tan has previously commented on strategic moves within the Y Combinator network. He has suggested that YC alum Pranav may lead a technology-driven private equity initiative. In another announcement, Tan stated that YC will begin investing in portfolio companies with stablecoins, moving away from traditional financial rails.
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