Kevin Hassett, speaking on CNBC, addressed concerns regarding the future of data centers following a blue-wave election that saw voters favor measures to limit their development. He noted that while 46 out of approximately 50 ballot initiatives aimed to restrict data center growth, the current projects scheduled for the next few years remain unaffected.
Hassett expressed confidence that data center expansion will persist, particularly in states with supportive leadership, and suggested that even states currently opposed may eventually recognize the economic benefits of these facilities.
He attributed a recent market decline to uncertainty surrounding the political landscape's impact on data centers but maintained a positive outlook on the overall economy, stating that even a slowdown in data center growth would not hinder economic strength.
Additionally, former President Trump reiterated his support for data centers, framing them as essential for economic prosperity, despite the electoral challenges faced by proponents of the industry