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

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The agreement sets out hiring timelines that the company must also hit to receive these tax incentives: Meta can receive the highest property tax exemption as long as it hires the equivalent of 300 “full-time” jobs by 2030, 450 by 2032, 475 by 2033 and 500 by December 31, 2034.

Louisiana’s agreements ask for more than some other states’ tax subsidies. According to Good Jobs First, nearly data-offer-url=”https://goodjobsfirst.org/will-data-center-job-creation-live-up-to-hype-i-have-some-concerns/” class=”external-link” data-event-click=”{"element":"ExternalLink","outgoingURL":"https://goodjobsfirst.org/will-data-center-job-creation-live-up-to-hype-i-have-some-concerns/"}” href=”https://goodjobsfirst.org/will-data-center-job-creation-live-up-to-hype-i-have-some-concerns/” rel=”nofollow noopener” target=”_blank”>half of state tax subsidies for data centers don’t require any new jobs to be created. But Miller has…



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


The agreement sets out hiring timelines that the company must also hit to receive these tax incentives: Meta can receive the highest property tax exemption as long as it hires the equivalent of 300 “full-time” jobs by 2030, 450 by 2032, 475 by 2033 and 500 by December 31, 2034.

Louisiana’s agreements ask for more than some other states’ tax subsidies. According to Good Jobs First, nearly data-offer-url=”https://goodjobsfirst.org/will-data-center-job-creation-live-up-to-hype-i-have-some-concerns/” class=”external-link” data-event-click=”{"element":"ExternalLink","outgoingURL":"https://goodjobsfirst.org/will-data-center-job-creation-live-up-to-hype-i-have-some-concerns/"}” href=”https://goodjobsfirst.org/will-data-center-job-creation-live-up-to-hype-i-have-some-concerns/” rel=”nofollow noopener” target=”_blank”>half of state tax subsidies for data centers don’t require any new jobs to be created. But Miller has…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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