Louisiana Hands Meta a Tax Break and Power for Its Biggest Data Center

Meta, formerly known as Facebook, has been granted a tax break and power for its biggest data center in Louisiana. The tech giant is set to receive a $49.3 million tax break on its $800 million data center project in New Orleans. This move is expected to bring hundreds of new jobs to the area and stimulate economic growth.

The tax break was approved by the Louisiana Board of Commerce and Industry, with the goal of attracting more tech companies to the state. In addition to the tax break, Meta will also receive discounted rates on electricity to power its data center. This will make it more cost-effective for the company to operate in Louisiana and create more jobs in the tech sector.

Meta’s data center is expected to be one of the largest in the world, covering over 1 million square feet. The facility will house thousands of servers and store massive amounts of data for Meta’s platforms, such as Facebook, Instagram, and WhatsApp. This investment is seen as a major win for Louisiana, as it will boost the state’s economy and put it on the map as a tech hub.

Local officials are thrilled about the tax break and power agreement, as it will bring much-needed revenue and job opportunities to the area. The data center is expected to create hundreds of construction jobs during its build-out phase and hundreds more permanent jobs once it is operational. This will help boost the local economy and provide a steady source of income for residents.

Overall, the tax break and power agreement between Louisiana and Meta is a win-win for both parties. Meta will benefit from the cost savings and incentives, while Louisiana will benefit from the economic growth and job creation. As the tech industry continues to expand, partnerships like these will become more common as states compete for tech companies to set up shop in their jurisdictions.