Industry

Google receives $ 25 mn tax break from Nevada to build facility

Google grilled on ad business dominance by U.S. Senate panel.   | Photo Credit: Reuters

Google will receive more than $ 25 million in tax breaks after pledging an additional $ 600 million for a new data center in southern Nevada, state officials said.

The company previously committed $ 600 million to the data center in the Las Vegas suburb of Henderson.

Google also said it would invest $ 600 million to build a data center at the Tahoe Reno Industrial Center in northern Nevada, bringing its total investment in the state to $ 1.8 billion, said Gov. Steve Sisolak. To date, the company has invested $ 300 million in the Reno facility.

Sisolak and seven members of the state Office of Economic Development board approved more than $ 25 million in tax breaks for the construction of the company’s Henderson data center. The facility is expected to open in 2021, the Reno Gazette-Journal reported.

This is a very good deal for Nevada, said Michael Brown, the director of the development board.

In return for the $ 25 million abatement that Google will receive, the company will make a $ 427 million impact on the economy over 20 years and generate $ 94 million in tax revenue over 20 years.

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Printable version | Nov 1, 2020 12:46:53 AM | https://www.thehindu.com/business/Industry/google-receives-25-mn-tax-break-from-nevada-to-build-facility/article32637174.ece

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