This is accurate, but ignores that there are other, better things that could be done with the money considering that these are private companies who are going to be building these data centers one way or another. These deals measure in the hundreds of millions - if that money was taken and put to good use instead of making unfathomably profitable companies more profitable (maybe increasing school funding, maybe improving public infrastructure, maybe providing free or cheap healthcare) the states shoveling money into the fire would be massively better off in the long run.
Remember: These aren't datacenters that wouldn't be built were it not for tax cuts, and they're often not even datacenters that would be built somewhere else were it not for tax cuts (see: Google pitting two states against eachother when they were going to build 2 data centers anyway) they're datacenters that are going up one way or another, but the private companies push for ridiculous tax incentives regardless.
Remember: These aren't datacenters that wouldn't be built were it not for tax cuts, and they're often not even datacenters that would be built somewhere else were it not for tax cuts (see: Google pitting two states against eachother when they were going to build 2 data centers anyway) they're datacenters that are going up one way or another, but the private companies push for ridiculous tax incentives regardless.