Establishes the Cloud Computing Cluster Infrastructure Grant Fund to provide grants for companies investing in data centers.
The bill creates the Cloud Computing Cluster Infrastructure Grant Fund to provide grants for companies investing in data centers. Companies must commit to a capital investment of at least $50 billion and create at least 1,500 new full-time jobs. Grants are contingent on companies meeting performance criteria, including job creation and capital investment targets. The bill also mandates the use of reclaimed water for cooling processes in facilities utilizing water-dependent cooling systems.
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