In Case You Missed It: TechNet Highlights Harmful Economic Impact of Tariffs Affecting Data Centers
Tariffs on Data Centers Threaten Jobs in Every State
By Linda Moore
October 29, 2018
The U.S. tech industry creates jobs and opportunities across the country for millions of Americans — from the Rust Belt to the Sun Belt, from the Mid-Atlantic to the Midwest. This is the result of new tech hubs emerging, the internet empowering startups to spring up everywhere, and venture capital investments gravitating toward these growing entrepreneurial centers.
One important way tech companies are expanding in communities across the country is through data centers, which are the lifeblood of an increasingly data-driven economy and can be found in every state. Data centers are like modern day warehouses where companies house their critical information technology operations, storing and managing data for both their organizations and their customers.
Despite the proven economic impact of data centers — and the opportunity they have brought to American workers in every region — the Trump administration’s tariffs are threatening to stall this progress by disrupting supply chains, increasing costs through de facto taxes, and injecting uncertainty into business operations and local economies that host data centers.
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TechNet is the national, bipartisan network of technology CEOs and senior executives that promotes the growth of the innovation economy by advocating a targeted policy agenda at the federal and 50-state level. TechNet’s diverse membership includes dynamic American businesses ranging from startups to the most iconic companies on the planet and represents over three million employees and countless customers in the fields of information technology, e-commerce, the sharing and gig economies, advanced energy, cybersecurity, venture capital, and finance. TechNet has offices in Albany, Austin, Boston, Chicago, Olympia, Sacramento, San Francisco, Silicon Valley, Tallahassee, and Washington, D.C.