Connect with us


Google invests $ 600 million in new Nevada data center




Google sign on the company’s data center site in Henderson, Nevada. (Photo: Image from Google)

Google has pledged to contribute an additional $ 600 million to a new data center in southern Nevada as tech giants have secured state approval for a range of tax incentives related to the project. ..

With this investment, Google’s total financial commitment to Henderson’s data center will reach $ 1.2 billion after the initial $ 600 million investment in the facility. Overall, Google, which also has a data center in the Tahorino Industrial Center in northern Nevada, has invested more than $ 1.8 billion in the state, Governor Steve Sisorak said.

Sisorak joined seven members of the Economic Development Board’s board on Wednesday afternoon to approve an incentive of over $ 25 million for the Google Henderson data center.

GOED executive director Michael Brown said this was a very good deal for Nevada. In exchange for the $ 25 million savings Google receives, the company will generate $ 427 million in economic benefits over 20 years and generate $ 94 million in tax revenue over 20 years.

Incentives requested through Google’s subsidiaries Design, LLC include a 20% sales tax reduction of 2% and a personal property tax reduction of 75%. These savings are worth $ 16.8 million and $ 8.25 million, respectively.

Details: Google’s 1,210-acre large facility in the highlands of the Tahoeino Industrial Center

Projects such as Google’s data centers are critical to helping the state recover and diversify at the same time, as the Nevada economy was hit hard by COVID-19, according to Sisorak.

According to Siberac, it’s no secret that Ive reserved some of our abatement programs. It is also no secret that we have been repositioned as the most affected country of the crisis due to the current economic situation.

The board also approved a $ 8.6 million incentive for the Thacker Pass project Lithium Nevada Corp. in Humboldt County. Proponents of the lithium extraction and processing project hope that Nevada will become a global player as renewable technologies such as electric vehicles become more accepted.

Dan Klaich, a member of the GOED board, has seen many applications, which actually check every box. I am very much in favor of this and am excited to support a rural project in Nevada.

The state has approved cut-offs to attract large-scale projects such as the Tesla Gigafactory to Nevada, but such incentives are also controversial. Since 2014, GOED has approved more than $ 2.1 billion in savings and estimates that it has resulted in more than $ 5.3 billion in net new taxes.

The state is considering the possibility of tightening the requirements for reductions, which the Board will discuss at a meeting on December 2. GOEDs Brown states that the law can afford to change standards, but changes to reduction programs are most often discussed by the board at public meetings.

Mr Brown also noted that some board members have expressed concern about the reduction process.

According to Mr Brown, the board expressed concern that the applicant did not meet the criteria (to qualify for reduction) slightly. I think it’s time to change the reduction standards we have.

Currently, Nevada requires companies to pay workers 100% of their average state wages, requiring Nevada residents to make up 75% of their employees to qualify for reductions. Mr Brown recommended raising these requirements to 125% of the average state salary so that 90% of employees are residents.

This is a developing story and will be updated.

Jason Hidalgo covers the business and technology of the Reno Gazette Journal and also reviews the latest video games. Follow him on Twitter @jasonhidalgo. Is it such content? Support local journalism with RGJ Digital Subscription.

Read or share this story: / 5823165002 /

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]

Please disable the ad-blocker on this page to see the content