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Action on a Sales Tax Incentive Grant for Sequitor Edge LLC.
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Summary and Recommended Action:
Sequitor Edge, LLC is requesting City Council approval of a Sales Tax Incentive Grant to support the redevelopment and expansion of an existing facility into a Tier III+ edge computing and colocation data storage facility within the SDSU Research Park. The project represents an over $41 million private investment and will generate long-term property tax growth, new municipal sales and property tax revenue, and high-wage technology employment.
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Attachments:
Memo
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