Facebook plans $300M data center, Google expands
Iowa economic development officials are approving tax credits for Facebook to build a $300 million data center in Altoona and increasing incentives for Google that allows it to expand in Council Bluffs.
Both projects are before an Iowa Economic Development Authority board meeting Tuesday.
The board's due diligence committee has approved $18 million in tax credits for the Facebook project to be built near Interstate 80 in Altoona, a Des Moines suburb. The full board is considering the project, which will create 31 jobs.
Kearney, Neb., also sought the project.
Google has a $600 million data center in Council Bluffs and is building another. It's increased the cost to $700 million from the original $300 million. The state is increasing tax credits offered to $16.8 million from under $10 million.
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