What is Qualified Production Property (QPP) in broad strokes?

QPP refers to new factory/plant construction used by the taxpayer in production‑centric activities (e.g., manufacturing, refining, agriculture) within a defined window.
Self‑storage facilities are not factories, so the linkage is indirect.
Why It Still Matters

New plants can change a trade area’s demographics and employer mix.
Modern facilities are automation‑heavy, so employment effects can be modest relative to past cycles.