Subsidy Tracker Individual Entry

Company: 
Google
Parent Company: 
Alphabet Inc.
Subsidy Source: 
multiple
Location: 
North Carolina
City: 
Lenoir
County: 
Caldwell
Project Description: 

data center/server farm

Year: 
2007
Major Industry of Parent: 
information technology
Specific Industry of Parent: 
internet services
Subsidy Value: 
$254,700,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
210
Capital Investment: 
$600,000,000
Source of Data: 

The value and the breakdown of the subsidy package are taken from: "What the State, local deals say," The News & Observer, February 11, 2007. For the deal overview, see also: Good Jobs First, Growing Pennsylvania's High-Tech Economy, pp. 55-62, 2010; available on line at: http://www.goodjobsfirst.org/pdf/PAhightech2010%20-%20FINAL.pdf.

Notes: 

The $254 million figure estimated in news articles was based on Google's all of its obligations. The package included: a 100 percent business personal property tax exemption and an 80 percent real estate tax abatement, together worth approximately $165 million over 30 years, from the local governments and about $89 million in state sales tax exemptions on electricity and equipment over 30 years. An estimated $700,000 for road improvements was to come from the NC Department of Transportation. The company was also granted $4.7 million in Job Development Grant but it turned down the offer (see Jonathan B. Cox, "Google Gives Back State Grant," News & Observer, December 5, 2008). Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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