Subsidy Tracker Individual Entry

Company: 
Google
Parent Company: 
Alphabet Inc.
Subsidy Source: 
local
Location: 
Ohio
City: 
Columbus
County: 
Bartholomew
Address: 
5076 South High Street
Zip: 
43137
Project Description: 

data center

Year: 
2021
Major Industry of Parent: 
information technology
Specific Industry of Parent: 
internet services
Subsidy Value: 
$54,335,376
Program Name: 
Columbus Community Reinvestment Area
Awarding Agency: 
Columbus City Council
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
20
Wage Data: 
$2,000,000
Wage Data Type: 
total annual payroll by end of 2027
Capital Investment: 
$300,000,000
Source of Data: 

For details on the deal see Columbus City Council March 22, 2021 meeting agenda and minutes at (search for Magellan) https://columbus.legistar.com/MeetingDetail.aspx?ID=850656&GUID=359EBF87.... See also: David Jeans, "Data In The Dark: How Big Tech Secretly Secured $800 Million In Tax Breaks For Data Centers," Forbes, August 19, 2021; https://www.forbes.com/sites/davidjeans/2021/08/19/data-in-the-dark-how-...

Notes: 

In March 2021, the Columbus City Council approved a 100% 15-year property tax abatement via a Community Reinvestment Area Agreement for Magellan Enterprises, LLC's data center. In August that year, Forbes revealed that Magellan was a shell company for Google. This amount does not include state sales tax exemptions that Google might be eligible for (as of Nov. 2021, the state has not yet published a data center sales tax exemption report that would cover this period). Note that the state only discusses subsidiary names but not parent name or subsidy value for this deal. Overlaps with main data: none.

Source Notes: 
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