“State and local officials awarded Apple Inc. more than $207 million in incentives to build a proposed data center in Waukee,” Kevin Hardy and Kim Norvell report for The Des Moines Register. “Documents released Thursday morning by the Iowa Economic Development Authority show Apple plans to spend $1.375 billion to build two ‘state-of-the-art’ data centers on 2,000 acres in Waukee. The company plans to power the buildings with 100 percent renewable energy, state records show. The project is expected to create 50 jobs, which must pay a minimum of $29.12 per hour, per the state incentive program. ”
“The economic development authority board awarded $19.65 million in investment tax credits to Apple at a specially called meeting Thursday morning. State documents say that total is ‘negotiated as the amount of sales tax refund.’ The appointed board unanimously approved the incentives,” Hardy and Norvell report. “State incentives require matches from local governments. For its part, the Waukee City Council approved a 71 percent property tax abatement over 20 years for Apple ― an incentive worth $188,239,943 state records show. The city is expected to also fund ‘significant’ infrastructure improvements for Apple’s project, though state officials said those costs are ‘to be determined.'”
Apple joins Facebook, Google and Microsoft as the latest tech giant to build roots in Iowa. Those companies have cited Iowa’s large inventory of available land, low energy costs, high portfolio of renewable energy and low risk of natural disasters as reasons for locating here,” Hardy and Norvell report. “The incentive package from the economic development authority falls in line with previous awards for Iowa data centers…”
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MacDailyNews Take: Congratulations, Iowa and Waukee!
UPDATE: 3:59pm EDT:
— Tim Cook (@tim_cook) August 24, 2017
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