State approves millions in tax incentives for Apple data centers

Posted August 25, 2017

During Apple's recent earnings call, Cook instead suggested that Apple was more likely to invest in existing plants than build new, large-scale facilities of its own.

"Our new data center in Iowa will help serve millions of people across North America who use Siri, iMessage, Apple Music and other Apple services - all powered by renewable energy", Cook said in s statement.

Apple Inc will build a $1.375 billion data center in Waukee, Iowa, Apple and state officials said on Thursday, with $207.8 million in incentives approved by the Iowa Economic Development Authority and Waukee city council.

Google, Facebook, and Microsoft all have data centers in the area.

"It's anticipated that a data center employs 1,688 local workers during the construction phase of this project", Murray said.

Under the Iowa Data Centre Business Property Exemption, companies are also offered tax exemptions for property excluding buildings and land, such as servers, generators, cooling systems - essentially anything that keeps a data centre running.

Tim Cook is bringing Apple's next data center to Iowa. The company selected a site on the west side of Waukee to build the first two buildings.

Cook said Apple will contribute up to $100 million toward a "public improvement fund" for the city of Waukee, adding the first project supported by the fund will be a youth sports complex that "will be open to all". This gives us the opportunity with a global company like Apple to say we are the place to be. "As the App Store grows, we look forward to growing in Iowa".

Apple joins other tech giants making a home in Greater Des Moines. Waukee acted to support the project Thursday morning with a local tax abatement and infrastructure improvements.

Iowa Economic Development Authority Director Debi Durham said, once completed, it will be the largest ever private investment in the state. "This is an investment that will continue to pay dividends way beyond today".

Data center projects have an economic impact well beyond the permanent jobs created and the initial capital investment made. "And as you look at the age demographics and the growth of Iowa, I think it's really hard to challenge the fact there are ancillary growth benefits from making an investment like this", he said.