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AU EditionYou are located: Home > All News > Business, Financial & Legal News > Apple to build new data center in Nevada, will receive $89 million in tax breaks

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

By: (more) | 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.

 

apple_to_build_new_data_center_in_nevada_will_receive_89_million_in_tax_breaks

 

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.


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