President-elect Donald Trump gave his first remarks since his November election victory was certified, unveiling a massive investment plan for data centers across the United States.
Key Facts:
• Trump spoke at Mar-a-Lago one day after Congress and Vice President Kamala Harris certified his victory.
• He announced a $20 billion investment from DAMAC Properties to build data centers in several states.
• The targeted states include Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana.
• Trump also pledged to speed up regulatory approvals for any company investing $1 billion or more.
• He confirmed plans to reverse Biden-era bans on oil drilling, especially off U.S. coastlines.
The Rest of The Story:
Trump praised the upcoming data center initiative and said the $20 billion injection from DAMAC Properties would arrive over a “short period of time.”
According to Trump, the plan will help the country stay at the forefront of AI and cloud-based innovations.
DAMAC’s owner, Hussain Sajwani, specified that the goal is to support cutting-edge technology development nationwide.
At the press conference, Trump also introduced a streamlined approval process for large-scale investors.
He insisted that international corporations often see U.S. regulations as too complicated, which can discourage major projects.
He promised to cut through slow permitting procedures so that companies can start creating jobs and boosting local economies.
Trump further declared that on day one of his administration, he will lift restrictions on new oil drilling, particularly in offshore areas.
He expressed strong support for expanding domestic energy production and vowed, in his words, to “drill baby, drill.”
By rolling back these bans, he argues, the nation’s energy independence will be strengthened, and employment in the fossil fuel sector will rebound.
“It’s been amazing news for me and my family when he was elected…We have been waiting four years to increase our investments in the U.S.” Hussain Sajwani, CEO of DAMAC Properties
AMERICA IS BACK! pic.twitter.com/OaURgD3kqd
— Margo Martin (@margomartin) January 7, 2025
The Bottom Line:
Trump’s announcements signal a push to expand technology infrastructure and spur business growth in multiple states.
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He also aims to position the U.S. as more energy independent.
With a greater focus on job creation and streamlined regulations, the new administration plans to reshape the nation’s economic and technological path in the coming years.