Cook promised to invest $100 million to a newly created public improvement fund to be used for community development, including the revitalization of streets, libraries and parks.
"The long-term effects of additional technological companies, services construction jobs, all of those things from day one to the end of time, are going to be continued growth", said Murray. The land will house two state-of-the-art, 100 percent renewable energy data center facilities, along with other various logistics and operational buildings. Apple already has data centers in California, Nevada, Oregon and North Carolina. But a New York Times report previous year chronicled the disappointment that many small towns felt when the construction boom faded. "Apple is responsible for 2 million jobs in all 50 states and we're proud today's investment will add to the more than 10,000 jobs we already support across Iowa, providing even more economic opportunity for the community". IEDA director Debi Durham believes the 50 jobs created by Apple are just a small piece of the project's benefit to the state.
Iowa's $188.2m incentive package towards this project comes to Apple in the form of a 71% abatement in property tax payments from the city of Waukee that according to reports, will stretch out for 20 years.
New global , low-fare airline comes to CVG airport
Louis Lambert International Airport on May 17. "Our goal is to help make global travel truly a possibility for everyone". Skúli Mogensen, CEO and Founder of WOW air, said their goal is to make global travel a possibility for everyone.
The governor's office issued a statement saying data center projects have economic impact well beyond the permanent jobs created and the initial capital investment made.
State subsidies to technology employers have become a key issue in Midwestern states such as Wisconsin, where Foxconn, formally known as Hon Hai Precision Industry Co Ltd, is seeking US$3bil (RM12.8bil) in subsidies for a US$10bil (RM42.7bil) LCD panel plant.
The bulk of the costs, US$620 million, will go toward construction.