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Late on Friday, the Iowa Economic Development Authority Board approved $20 million in tax-credit incentives for Microsoft, which plans to pump hundreds of millions of dollars into a data center in West Des Moines.
According to state documents, Microsoft’s investment will total $677.6 million, and will likely be used to expand the company’s existing data center in the region. The goal, according to Christian Belady, Microsoft’s GM of Data Center Services: “Supporting the growing demand for Microsoft’s cloud services.”Microsoft Invests $700 Million In Iowa Data Center [allthingsd.com]