Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Apple gets $208M in tax breaks to build Iowa data center, creating 50 US jobs


Kim Reynolds outside the Capitol building, Apple Ceo Tim Cook credited Iowa's "world-class power grid" and what he called the state's culture of developing computer programmers who have created applications ranging from education to entertainment.


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.


"It's a net fiscal loss that it's a straightforward giveaway in the economy to a company that's extraordinarily wealthy and it makes no sense from an economist's point of view.


It only makes sense from a politician's point of view," said David Swenson, an economist at Iowa State University and critic of such large economic development project tax breaks.


The economic development board's chairman, Chris Murray, said such projects bring people who build homes, generating tax revenue and causing other businesses to explore moving to Iowa.




READ MORE (Syracuse.com)


  • Apple will build new data center in Iowa, get $200M in tax breaksArs Technica UK
  • State and Local Officials Say It's Worth the Cost to Bring Apple to Iowawhotv.com
  • Apple to build $1.3bn data centre in Iowa as state offers $208m in tax benefitsInternational Business Times UK
  • Apple chases $200m tax incentives with Iowa data centreBanking Technology
  • Why Iowa is giving Apple $208 million for a project that will create 50 full ...Chicago Tribune
  • Apple Inc. (NASDAQ:AAPL) to Develop $1.3 Billion Data Center in IowaLibrary For Smart Investors
  • Apple to Build Iowa Data Centre, Get $207.8 Million in IncentivesNDTV
  • Apple Inc. to build new US data center in IowaXinhua
  • Apple CEO Tim Cook responds to Donald Trump, creates more jobs in USHindustan Times


This post first appeared on The 5th News, please read the originial post: here

Share the post

Apple gets $208M in tax breaks to build Iowa data center, creating 50 US jobs

×

Subscribe to The 5th News

Get updates delivered right to your inbox!

Thank you for your subscription

×