COLUMBUS, OH — New analysis from Innovation Ohio lays out how nearly every major data center project built in the state will line the pockets of Vivek Ramaswamy. 

Vivek Ramaswamy’s financial disclosure reveals a personal investment portfolio that includes every part of the data center supply chain: chip manufacturers, hardware suppliers, real estate developers, tech companies that operate the facilities, and more. He’s also heavily invested in the AI and Cryptocurrency companies that depend on data centers. As governor, Ramaswamy would oversee JobsOhio, which provides data centers generous incentives to be built here; and the Ohio Power Siting Board and the Public Utilities Commission of Ohio (PUCO), which regulate the industry. 

“As governor, Ramaswamy’s policies and investments could ensure that he continues to cash in while the rest of us fall behind,” said Innovation Ohio President Michael McGovern. “Even if a data center project or policy isn’t in Ohioans’ best interest – it will almost always be in his.”

Ramaswamy also rakes in campaign contributions from the industry. CEOs and others from data-center linked companies have contributed vast sums to Ramaswamy’s campaign.

Read the full report here.

Data center companies have flocked to Ohio for our abundant water, space, and the generosity of our state and local policymakers. Today there are more than 200 in the state with more projects in the works. Between 2017 ad 2024, the industry received $2.5 billion in tax incentives, but created relatively few permanent jobs. New reporting showed that last year, data center tax breaks cost the state $1.6 billion -- more than 11 times the original estimate. Ohioans are starting to push back. A group of citizens are collecting signatures to put a statewide ban on the ballot and 15 communities have issued moratoriums. 

“Ohioans need a leader who will support policies about data centers based on what’s best for the people, not his bottom line,” McGovern said. “Ramaswamy is far too entangled with this industry to make sure it does right by our communities.”