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Microsoft are the ones behind the gigantic data center in Iowa, have spent $700 million so far

The "Project Mountain" data center in Iowa is owned by Microsoft, at the cost of $700 million
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Jun 24, 2013 8:23 am

The $700 million "Project Mountain" data center project in Des Moines, Iowa, has an official owner: Microsoft. Late last week, the Iowa Economic Development Authority Board approved $20 million worth of tax credit incentives for the software giant.

 

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Microsoft plan to spend hundreds of millions of dollars on the new gigantic data center. State documents lead most to believe that Microsoft's investment will be $677.6 million, and it will be used to expand their existing data center in the region. According to Christian Belady, Microsoft's GM of Data Center Services: "Supporting the growing demand for Microsoft's cloud services."

NEWS SOURCES:Allthingsd.com

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