Apple to Build Data Center in Iowa

Announced on Thursday, Apple, Inc. (NASDAQ: AAPL) is planning to build a $1.375 billion data center in Waukee, Iowa with $207.8 million in incentives that will be approved by the Iowa Economic Development Authority and Waukee city council. The company is planning to spend $110 million to acquire and prepare the land. $620 million will go towards construction while $600 million is to be spent on computer equipment and $45 million on other equipment.

The company will buy 2,000 acres (8.09 square km) of land where two data centers will be built. Apple will receive a $19.65 million investment tax credit for creating 50 jobs and more will be created during construction. Apple will also contribute up to $100 million toward a public improvement fund for this Iowa city, the first supported by a youth sports complex. There also will be a planned $188.2 million property tax abatement of 71% over 20 years provided by the city of Waukee.

Apple facilities in California, Nevada, North Carolina, and Oregon will join with the data center in Iowa to host services such as iCloud, Apple Music, and the App Store and Alphabet’s Google, Microsoft, as well as Facebook will maintain data centers in that city.

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