Subsidy Tracker Individual Entry

Company: 
Microsoft
Parent Company: 
Microsoft
Subsidy Source: 
multiple
Location: 
Iowa
City: 
West Des Moines
Year: 
2014
Major Industry of Parent: 
information technology
Specific Industry of Parent: 
software
Subsidy Value: 
$107,256,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
84
Capital Investment: 
$1,130,000,000
Source of Data: 

The value and the breakdown of the subsidy package, and jobs and investment data were taken from Timothy Meinch, "Data center incentives praised," Des Moines Register, May 5, 2014; available at: http://www.desmoinesregister.com/story/news/2014/05/05/west-des-moines-d.... For an overview of the city commitment see: West Des Moines City Council Meeting, May 19, 2014; in the packet portfolio, look for item 6(d) ?Alluvion Urban Renewal Area?; documents are available at: http://www.wdm.iowa.gov/index.aspx?recordid=7638&page=120

Notes: 

For an expansion of its data center in West Des Moines (known as Project Alluvion), Microsoft received a package of state and local subsidies that include a sales tax refund of $20,256,000 through the High Quality Jobs Program and $87 million worth of improvements (road, water, sewer, power line and other improvements) around the expansion site paid by the city over 20 years through Tax Increment Financing. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.