Earlier Thursday the Iowa Economic Development Authority Board approved $20 million in state tax incentives. Like Apple's other U.S. data centers, the Iowa one will produce 100 percent renewable energy, he said. The City of Waukee will manage the fund for, "parks, libraries and recreational spaces, as well as infrastructure needs".
"We're honored Apple is choosing Iowa for the site of its most technologically advanced data center to date", said Iowa Governor Kim Reynolds in a statement.
As part of its development agreement, Apple will deposit $500,000 into a public improvement fund every time the company takes out a building permit for its 2,100-acre Project Morgan data farm on land that was recently annexed into the city. "This puts Iowa on the world stage". "Waukee is proud to welcome Apple", said Waukee Mayor Bill Peard.
"Apple has been searching for the flawless location and I am so proud to say that they found it right here in Iowa", Iowa Gov. Kim Reynolds said, noting the state's educated workforce, stable climate and low-priced, renewable energy.
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She defended the state's investments, telling reporters "these are credits, it's not a check" to attract a company willing to investment $1.4 billion in the first phase of a project that will boost Iowa's economy for the future. "We look forward to a continued partnership with Apple on this effort for decades to come". "This is an investment that will continue to pay dividends way beyond today". IEDA director Debi Durham believes the 50 jobs created by Apple are just a small piece of the project's benefit to the state.
Chris Murray discussed details of the project with fellow members of the Iowa Economic Development Authority (IEDA) board.
State and local officials awarded Apple Inc. more than $213 million in incentives to build a proposed data center in Waukee.
"With a billion-plus investment, it will also create many spinoff and construction-related jobs", she said.