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Doña Ana County in New Mexico is considering a $165 billion debt package and tax incentives to attract a data center campus, despite the proposal not being a real obligation of the county. The bonds will be purchased by an affiliate or parent of the company, and the projects will be self-funded. The county will own the land and acquire the data-center campus when the debt matures. Public hearings are set for later this month, with construction expected to begin this year.

Doña Ana County in New Mexico is considering a $165 billion debt package and tax incentives to attract a data center campus. The proposal, which is not a real obligation of the county, involves the county owning the land and acquiring the data center campus once the debt matures. The bonds will be purchased by an affiliate or parent of the company, and the projects will be self-funded. Public hearings are set for later this month, with construction expected to begin this year [1].

This significant investment in data center infrastructure comes amid a global surge in demand for data centers. According to InvestingPro, nVent Electric plc, a leading provider of electrical solutions, recently announced plans to expand its data center solutions business by leasing a new 117,000 square foot manufacturing facility in Blaine, Minnesota. The company expects the new facility to employ more than 175 people and focus on liquid cooling solutions, a growing segment in the data center market [1].

The proposal by Doña Ana County follows a trend of local governments offering substantial financial incentives to attract data centers. For instance, in September 2025, several major data center projects were announced in the United States, including a 5,000-acre data center campus by Quantica Infrastructure in Montana and a 1.4 GW campus by Vantage Data Centers in Texas [2].

The county's decision to consider such a large debt package underscores the potential economic benefits it hopes to gain from hosting a data center campus. Data centers are known for their high energy consumption and significant job creation potential, making them attractive investments for local governments. However, the county must carefully weigh the risks and benefits of such a substantial financial commitment.

Investors and financial professionals should closely monitor the development of this proposal, as it could provide insights into the broader trends in data center construction and the financial strategies employed by local governments to attract these high-value facilities. The success of the Doña Ana County proposal could set a precedent for other regions looking to capitalize on the growing data center market.

References:
[1] https://www.investing.com/news/company-news/nvent-electric-leases-new-facility-to-expand-data-center-solutions-93CH-4222782
[2] https://www.datacenterknowledge.com/data-center-construction/new-data-center-developments-september-2025