Incentives Worth More than $207M Woo Apple to Construct Waukee Data Centers
DES MOINES, Iowa – Apple CEO Tim Cook was on hand Thursday afternoon at the State Capitol to take part in an announcement of a “significant” investment in Iowa, involving the construction of data centers in Waukee.
Apple plans to construct two data centers on 2,000 acres just west of Waukee’s city limits. The land was recently annexed. The facility will be powered entirely by renewable energy.
Tim Cook told the crowd the company is also planning to invest in the community of Waukee by giving up to $100 million to a public improvement fund. The first project to be benefit from that fund will be the Waukee Youth Sports Campus.
Apple is expected to spend $1.375 billion to build the data centers. A combination of state and local incentives for Apple is worth more than $207 million.
The Iowa Economic Development Authority is offering $19.65 million in investment tax credits. Thursday morning, the Waukee City Council voted to provide a 20-year tax abatement for Apple that is estimated to be worth $188,239,943.
Waukee is also planning to fund substantial infrastructure updates Apple will require for the construction of the new data centers.
Fifty jobs are expected to be created once the data centers open and they must pay at least $29.12 per hour, according the IEDA agreement.