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JPMorgan's $77M Subsidy Sparks Controversy Over Job Creation

4/21/2026

47 3 Full Breakdown

Summary

Story summary

JPMorgan Chase & Co. is receiving $77 million in subsidies for a data center expansion in Orangeburg, New York.
The project would create only one permanent job, the largest per-job subsidy in the United States.
Local officials in Rockland County argue the project will yield broader benefits.
Activists cite rising utility costs and environmental impacts in Rockland County.
A proposed bill would limit subsidies and oversight for large data centers.

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Story summary

JPMorgan Chase & Co. is receiving $77 million in subsidies for a data center expansion in Orangeburg, New York.
The project would create only one permanent job, the largest per-job subsidy in the United States.
Local officials in Rockland County argue the project will yield broader benefits.
Activists cite rising utility costs and environmental impacts in Rockland County.
A proposed bill would limit subsidies and oversight for large data centers.