Last week, the Iowa Economic Development Authority Board approved the 20-year 60% property tax exemption. In a release, the board says the project would result in $800 million of new capital investment for the state.
Vemerald, a subsidiary of Meta, the company behind Facebook, Instagram and Whatsapp, would store and transfer customer data at the center, which would include office space, servers and support equipment. The project is expected to create 35 jobs, paying over $28 hourly.
If selected, the city says the center would be located at the northwest corner of Hillandale Road and Enterprise Way.
