Facebook receives an official Iowa “Welcome”
April 23rd, 2013 by Ric Hanson
(DES MOINES) – Gov. Terry Branstad and Lt. Gov. Kim Reynolds today joined Altoona’s Mayor Skip Conkling in officially welcoming Facebook to Iowa. The social networking company, which helps more than 1 billion people around the world connect and share with each other, announced that it will build a new, state-of-the-art data center in Altoona. Facebook will invest a minimum of $299.5 million in the project, which is expected to create hundreds of construction jobs and dozens of full-time operations jobs. The company evaluated several other sites before choosing the Iowa location.
The first phase of the project will result in a 476,000-square foot data center that will be among the most advanced and energy efficient of its kind. The data center will feature an innovative outdoor-air cooling system and the latest in Open Compute Project server designs, and it will be built to LEED Gold standards.
Earlier today the Iowa Economic Development Authority (IEDA) board approved $18 million in tax benefits through the High Quality Jobs program to Facebook to create at least 31 new jobs at a qualifying wage of $23.12 per hour. The project will have a minimum capital investment of $299.5 million. Local incentives from the city of Altoona were also approved today.
The 194-acre site selected in Altoona could accommodate up to two additional data center buildings that may be constructed in future phases of the project.