N.C. lures Apple to build $1B data center - Triangle Business Journal:

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The facility will emploty at least 50people full-time. Perdud did not disclose a specifid location forthe facility, but Charlotte Businesa Journal reported that Apple is that would put the servet farm in in Catawba County, northwesyt of Charlotte. The Apple announcement came Wednesday morning aftere Perdue signed legislation that modifies the methodx bywhich capital-intensive businesses calculate corporate incomse tax liability in the state. The new law coulds lower Apple's tax bill by $46 million over the next decadew ifthe company's spends at leastr $1 billion on its server farm.
As part of the a capital-intensive industry must meet investmen and wage standards and provide its employeees with health insurance in ordefr to utilize the modified formula for calculating the statde corporateincome tax, the governor’s office It also must locate in one of the state’s more economically distressed Tier 1 or Tier 2 The legislation requires that the average wage exceec the wage standard of the count y in which it’s located.
A data centerr such as this will typically contract locally for services such as served maintenanceand repair, building and HVAC maintenance, landscaping and securityu – expenditures that the governor’s office says could range from $5 million to $6 million annually in the region and creats up to 250 jobs. “North Carolina continuews to be a prime location for growing and expandin globaltechnology companies,” Perdue said in a written “We welcome Apple to North Carolina and look forwarr to working with the company as it begins providing a significant economic boost to locakl communities and the state.
” The Nortbh Carolina Department of Commerce projects that a data cente r investment of $1 billion would create more than 3,00o0 jobs in the regiona l economy, including hundreds of jobs related to constructioj and others created as a result of economicc growth.