updated 03:15 pm EDT, Tue July 7, 2009
NC server farm worth $2B?
Apple's North Carolina server farm could ultimately become worth $2 billion, twice the company's minimum investment, claims a member of the Catawba County Economic Development Corporation. In exchange for tax breaks, Apple has agreed to build a $1 billion facility at the Catawba Data Park in Maiden. The building will occupy 500,000 square feet, and provide approximately 750 construction jobs running into late 2010.
Together Maiden and Catawba County have agreed to divert an extra $7.3 million in incentives towards Apple, beyond the $46 million in exemptions the company is already set to accrue over the course of 10 years. The server farm is considered extremely important to Catawba, which is one of the poorer rural counties in North Carolina. The region won a bid, however, at the expense of rivals like Cleveland County.