Microsoft Expands Iowa Data Center for $678 Million
Jun 21st 2013 5:42PM
Updated Jun 21st 2013 5:44PM
Microsoft is expanding its West Des Moines Data Center in Iowa for the third time, according to a press release from the Greater Des Moines Partnership released today. The new addition will have a minimum investment of $677.6 million, and comes four years after Microsoft opened its first Des Moines data center in 2009.
Microsoft General Manager of Data Center Services Christian Belady said in a statement today:
Microsoft has enjoyed a strong working relationship with the state of Iowa and West Des Moines and we are excited about our latest expansion project. The expansion of the West Des Moines data center is a win-win, bringing both new jobs to Iowa while supporting the growing demand for Microsoft's cloud services. The new facility is designed to provide fast and reliable services to customers in the region and features our latest efficient data center thinking.
Code-named "Project Mountain" by the Iowa Economic Development Authority, the final agreement includes eligibility for up to $20 million in tax credits. "Local incentives" from West Des Moines were also approved, but financial details were not disclosed in the release.
The center will focus primarily on Microsoft's cloud services. Construction is expected to begin later this year, with the expansion completed by 2016.
It's been a frustrating path for Microsoft investors, who've watched the company fail to capitalize on the incredible growth in mobile over the past decade. However, with the release of its own tablet, along with the widely anticipated Windows 8 operating system, the company is looking to make a splash in this booming market. In a new premium report on Microsoft, a Motley Fool analyst explains that while the opportunity is huge, so are the challenges. The report includes regular updates as key events occur, so make sure to claim a copy of this report now by clicking here.
The article Microsoft Expands Iowa Data Center for $678 Million originally appeared on Fool.com.Fool contributor Justin Loiseau has no position in any stocks mentioned, but he is using Windows 8 to write this. You can follow him on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo. The Motley Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.