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Meta Announces $800M AI-Driven Data Center in Indiana

Conie by Conie
January 25, 2024
in BUSINESS, TECHNOLOGY
Reading Time: 2 mins read
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  • Meta will save tens of millions of dollars over 35 years from a sales tax exemption granted by Indiana for a new $800 million data center campus
  • The 700,000 square foot facility will be Meta’s 18th data center in the U.S. and 22nd globally, supporting the company’s growing computing needs
  • Indiana has a history of using tax incentives to attract tech facilities like data centers, believing long-term job creation and investment outweigh lost tax revenue

Indiana has granted Meta a 35-year sales tax exemption for the company’s planned $800 million data center campus in the state. This incentive will allow Meta to avoid paying sales tax on construction materials and equipment for more than three decades.

Meta’s New 700K Square Foot Data Center Campus

The new data center campus will be 700,000 square feet and Meta’s 18th facility in the United States. Globally, this will be Meta’s 22nd data center. The facility will support Meta’s growing computing needs as it expands its services and offerings.

Additional Details on the Tax Incentive Package

Not only does Meta get a 35-year exemption from sales tax, but the package also includes provisions to extend the exemption period further. This tax break will save Meta tens of millions of dollars over the life of the data center.

Indiana Uses Incentives to Attract Tech Investment

Indiana has a track record of leveraging tax incentives to draw data centers and other tech facilities to the state. Officials believe the long-term benefits of added jobs and investment outweigh the costs of tax breaks.

JUST IN: Meta to receive a 35-year sales tax exemption to build a $800 million data center

Expected to be operational by 2026 and powered by 100% renewable energy

— BlockNews.com (@blocknewsdotcom) January 25, 2024

Meta’s Continued Data Center Expansion

This Indiana data center marks Meta’s latest investment in its infrastructure. The company runs some of the largest data centers in the world to support services like Facebook and Instagram. As Meta expands into areas like the metaverse, demand for computing power will only increase.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
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Conie

Conie

Conie is a Web3 enthusiast, an experienced creative writer, and a passionate gamer. With her ability to fuse innovation with imagination, she brings a distinctive perspective to each piece she writes, delving into the ever-changing territories of the digital world, storytelling, and virtual adventures.

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