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Subsidy Tracker Individual Entry

Company: Facebook
Parent Company: Meta Platforms Inc.
Subsidy Source: local
Location: Utah
City: Eagle Mountain
County: Utah
Project Description: 1 million-square-foot data center
Year: 2018
Major Industry of Parent: information technology
Specific Industry of Parent: internet services
Subsidy Value: $150,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 50
Capital Investment: $750,000,000
Source of Data: The value of subsidy package is taken from: Benjamin Wood, "Facebook to build a massive data center in Eagle Mountain, gets a $150 million tax incentive," The Salt Lake Tribune, May 30, 2018; and Art Raymond, "Facebook to Eagle Mountain," Deseret Morning News (Salt Lake City), May 31, 2018.
Notes: The subsidy is in the form of 100 percent personal property tax abatements and 80 percent real property tax abatements, valued at $150 million over 20 years (the amount is for Phase 1 only; the agreement with abating jurisdictions is open-ended, meaning the company can benefit from additional property tax breaks in the future. In addition, the company will benefit from an unreported amount of sales tax exemptions. The project was debated under the code name Steeplechase and Facebook's identity was not announced until after the subsidies were approved. Between 30 and 50 jobs are projected at the site. Overlap 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.