TweakTown
Tech content trusted by users in North America and around the world
5,686 Reviews & Articles | 36,202 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Apple to build new data center in Nevada, will receive $89 million in tax breaks

Apple gets $89 million in tax breaks to build a new data center in Nevada

| Business, Financial & Legal News | Posted: Aug 3, 2012 6:34 am

Apple's proposed new data center has been approved by the Nevada Board of Economic Development, where they've offered the Cupertino-based company $89 million in tax breaks to do so. Apple has planned to build a 350-acre data center east of Sparks that would employ at least 35 full-time workers, and up to 200 contract workers.

 

TweakTown image news/2/5/25146_08_apple_to_build_new_data_center_in_nevada_will_receive_89_million_in_tax_breaks.jpg

 

Apple will also build a purchasing and business center in downtime Reno, with analysts estimating that the projects could generate a combined $340 million in economic activity over the next 10 years. In June, Washoe County and the city of Reno also agreed to grant Apple tax breaks.

 

Apple will receive an 85% tax break on its personal property taxes in Washoe County and Reno will offer Apple 75% of its share of sales taxes for the proposed downtown business center. Apple, in exchange for the incentives, will invest $1 billion in the region over the next decade, which can be extended for 20 additional years.

NEWS SOURCE
Bgr.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below