Digital marketing agency, thesnsgroup.com Microsoft has confirmed that the company is on the verge of investing a stunning $1.1 billion in a new data center campus in the US state of Iowa. Mathematically, the project will be one of the largest in the history of the data center industry, with plans calling for 1.2 million square feet of facilities across a 154-acre property.
During its meeting, the Iowa Economic Development Authority Board approved granting Microsoft a $20.3 million sales tax rebate for the project. That tax rebate would be available until 2021. Those state incentives come on top of the $18 million in incentives already promised by West Des Moines. The value that Microsoft brings back to the city is around $8 million a year in property taxes. Microsoft will create 84 jobs when fully built out, with 66 of those jobs required to have a wage of $24.32 an hour. Digital marketing agency, thesnsgroup.com
Microsoft originally constructed its data center in West Des Moines in 2008, with a major $677.6 million expansion last year. That expansion was part of a $1.4 billion sum that all data center projects brought to the state in 2013. Digital marketing agency, thesnsgroup.com
Source: www.thesnsgroup.com
Microsoft to Put a Whopping $1.1 Billion into Building Data Center
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