Developers are pledging billions to enhance the U.S. economy even before President-elect Donald Trump takes office.
Trump announced that DAMAC Properties, an Emirati firm, will invest $20 billion to build data centers across eight states, with the potential for even greater investment.
This follows a previous announcement of a $100 billion commitment from Softbank to create 100,000 jobs in artificial intelligence and related sectors.
While the unemployment rate is low and the stock market is strong, public sentiment about the economy remains cautious, with many voters expressing skepticism about the effectiveness of tariffs in reducing living costs.
Additionally, there is ongoing debate over the future of the H1-B visa program, with some conservatives advocating for more investment in American education and training instead.
“We have many other people, and we’ll bring some of them out,” Trump continued. “Some of them like to do it somewhat more quietly, some don’t, and some feel so strongly about the country that they want to let people know about it. But it’s an honor… the investment will support massive new data centers across the Midwest, the Sun Belt area, and keep America on the cutting edge of technology and artificial intelligences.”
