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JP JB Pritzker JB Pritzker JB Pritzker is the Democratic governor of Illinois.

“What we now need to do is take a pause. And that's what I proposed back in February when I gave my state of the state speech. We should pause our data center tax credits. We ought to take an assessment of where we are. And very importantly, we should force data centers to bring their own electricity”

Prof G Markets · Money & Markets · June 2026

“What we now need to do is take a pause. And that's what I proposed back in February when I gave my state of the state speech. We should pause our data center tax credits. We ought to take an assessment of where we are. And very importantly, we should force data centers to bring their own electricity” — JB Pritzker, Prof G Markets

Context

Pritzker at a live taping of Prof G Markets, asked how Illinois should handle AI data centers given local opposition and their strain on electricity and water.

Transcript

Prof G Markets Around 23:56 into the episode
Speaker 3

…How are we going to get it fast enough? And of course, we've expanded all the renewable energy sources that we can as fast as we can. But nuclear is the best way to get baseload energy that we need. So to your. So to your point, though, data centers are sucking a lot of the electricity and

Ed Elson

water. And it's not just Illinois data centers. There are data centers all over the country that are doing this, and particularly the AI, big AI data centers that are going up. And, you know, you saw like in Pennsylvania, they're restarting Three Mile Island just for

Speaker 3

a data center. And I think that my guess is that's going to be a reasonably unpopular thing to have done. What I've done here, and I proposed it back in February, is that we, you know, we had, just like we do in a lot of industries, we had tax credits available for people to build data centers. I do want to point out that data centers are really great job creators in the construction side of things. But once they're built, they really don't employ a lot of people. What they do do is pay property taxes in the local area, which brings down property taxes for others. I'm going through all this because what we now need to do is take a pause. And that's what I proposed back in February when I gave my state of the state speech. We should pause our data center tax credits. We ought to take an assessment of where we are. And very importantly, we should force data centers to bring their own electricity and make sure that they're

Speaker 4

paying their fair share if they're coming to the state of Illinois.

Scott Galloway

We agree on that. I just want to ask you about housing. So you recently had a proposed bill called the Build Plan. And the idea was to bring down housing prices by essentially giving the state the power to override these local zoning policies, if I'm getting that right. And the bill didn't pass.…

Speaker 3

I'm glad you asked because, you know, when I ran for office, my slogan for my campaign was think big. Now, some of that was because, but it was also because we needed big change in the state. And I talked about some of the challenges that we had. And I have not stopped thinking big or acting in a…

Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.

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