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The Indicator from Planet Money

What $10 billion in data centers actually gets you

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 2 April 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

Billions of tech dollars flowing into a community to build data centers should transform a local economy ... right? Well, maybe not.

On today's episode: Why data centers create few permanent jobs. And why communities might want them anyway.

Related episodes:
Why China's DeepSeek AI is such a big deal (Apple / Spotify)
Is AI overrated? (Apple / Spotify)

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Transcript

Click on a timestamp to play from that location

0:00.0

NPR.

0:01.7

This is the indicator from Planet Money.

0:13.5

I'm Adrian Ma.

0:14.5

And today we're joined by friend of the show, Stephen Bessaha, from the Gulf

0:18.3

States Newsroom.

0:19.3

What's up, Stephen?

0:20.1

Hey, it is good to be with you,

0:21.6

Adrian, and, you know, I live in Birmingham, Alabama, but today we're traveling just across

0:26.7

a state line to Meridian, Mississippi. Road trip. Oh, we're driving around and show it to you.

0:33.0

Yeah, please do. Our tour guide is Bill Hanna. He's head of the East Mississippi Business Development Corporation.

0:39.4

Basically, think of him as Meridian's chief salesman.

0:42.8

Now, Meridian, it is like a lot of small cities in the south.

0:46.3

Great food, small town charm, and hunting for that one big break to turn around its poor economic fortune.

0:53.8

And Bill says that big break could finally be here.

0:57.0

This is the largest announcement, not in Meridian in Lauderdale County, but in the state of Mississippi.

1:03.6

Largest announcement like whatever or ever?

1:06.5

And that is for a $10 billion private investment that would give Meridian a piece of the country's

1:13.0

tech future.

1:14.0

All this stretch of land is about 300 acres and it's going to be a data center campus.

1:19.0

Data centers.

1:20.4

These are those big computer-packed buildings, which are the backbone of the internet and the

1:25.1

AI boom.

...

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