Take a look at Ohio and Alabama, for starters. But you'll need to evaluate non-tax factors as well, including climate, energy costs, and real estate prices.
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What would be the best state to launch an AI server farm in an Opportunity Zone if I want to take advantage of additional tax incentives?
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From a strictly OZ perspective, consider Ohio. OZ investments in Ohio are eligible for the federal tax incentives plus an additional 10.0% state income tax credit that gets awarded in the first quarter of the following calendar year and may be sold for cash, representing a near-immediate ROI. However, there are strict procedural rules to follow under Ohio state law. Entrepreneurs and investors should consult with their professional advisors to determine the suitability of federal + state OZ tax and business planning strategies.
You would need to zero in your state candidates and research about what they offer. For example, Puerto Rico could be an option and study which of the local incentives may be a good fit.
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