Apple to build Iowa data center, get $207.8 mln in incentives

Apple Inc will build a $1.375 billion data center in Waukee near Des Moines, Apple and Iowa officials said on Thursday, with $207.8 million in incentives approved by the Iowa Economic Development Authority.

Apple will purchase 2,000 acres (8.09 square km) of land in Waukee to build two data centers. The company will receive a $19.65 million investment tax credit for creating 50 jobs. There will be other jobs created during construction, but no numbers have been given yet.

Chief Executive Officer Tim Cook is slated to speak in Des Moines later Thursday.

RELATED: Check out the most stressful tech companies to work for, according to employees:

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The most stressful US tech companies

No. 10: SAP

% High Job Stress: 65%

Mid-Career Median Salary: $143,000 

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No. 9: Intel

% High Job Stress: 65%

Mid-Career Median Salary: $126,000 

Photo credit: Reuters 

No. 8: GoDaddy

% High Job Stress: 67%

Mid-Career Median Salary: $99,000 

Photo credit: Getty

No. 7: Fujitsu

% High Job Stress: 68%

Mid Career Median Salary: $108,000 

Photo credit: Getty

No. 6: Uber

% High Job Stress: 70%

Mid Career Median Salary: $149,000 

Photo credit: Reuters 

No. 5: Tesla Motors

% High Job Stress: 71%

Mid Career Median Salary: $110,000 

Photo credit: Reuters 

No. 4: Samsung

% High Job Stress: 74%

Mid Career Median Salary: $135,000

Photo credit: Reuters 

No. 3: InsideSales

% High Job Stress: 75%

Mid Career Median Salary: $107,000

Photo credit: PayScale

No. 2: Airbnb

% High Job Stress: 75%

Mid Career Median Salary: $123,000 

Photo credit: Getty

No. 1: SpaceX

% High Job Stress: 86%

Mid Career Median Salary: $80,800 

Photo credit: Reuters

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The bulk of the subsidy is a planned $188.2 million property tax abatement of 71 percent over 20 years provided by the city of Waukee, according to economic development officials.

The Iowa data center will join Apple facilities in California, Nevada, Oregon and North Carolina, which also host services such as iCloud and Apple Music. Facebook, Alphabet's Google and Microsoft also maintain data centers in Iowa.

Apple will spend $110 million to acquire and prepare the land for its data centers in Iowa, according to economic development officials. The bulk of the costs, $620 million, will go toward construction. Apple will spend $600 million on computer equipment, with the remaining $45 million going toward other equipment. (Reporting by Stephen Nellis in San Francisco; Editing by Jeffrey Benkoe)

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