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**ob1** · 04-19-2007

Two Iowa lawmakers say a large Internet company is weighing whether to locate part of its operation near Council Bluffs - and the House is moving ahead with incentives for that company.

"The best information we have: This could be at least a $600 million investment with 100 jobs at $50,000 to $130,000 per job or as much as 10 times that number," said Rep. Phil Wise, a Democrat from Keokuk and a member of the House's Ways and Means Committee, which passed the bill with the incentives on Tuesday.

"We have the potential here for a multibillion investment in Iowa."

Rep. Doug Struyk, a Republican from Council Bluffs, said the technology company is looking to locate in that area.

But neither lawmaker would state the name of the company that would benefit from tax breaks for "web search portal businesses."

The legislators were asked whether the company is Google. Earlier this year, it was announced that Google was creating a $600 million data center in North Carolina - after receiving an estimated $260 million in incentives over 30 years.

But Wise and Struyk both said they were unable to disclose the company's name without jeopardizing the deal.

The company is in talks with the Iowa Department of Economic Development, Wise said.

Essentially, the incentives would offer sales-tax and use-tax breaks on equipment, machinery and electricity on an investment of at least $200 million. Wise predicted the bill would be approved early next week by the full Iowa House. Kansas, Missouri and Oklahoma are all vying for the business, he said.

"If we fail to enact this incentive, I believe there will be other states that will secure the investments of companies like this," Wise said.

A spokesman for the Iowa Department of Economic Development said Tuesday that it had no application for incentives from a company matching Google's description. The Iowa Economic Development Board, which weighs incentives for companies, meets on Thursday.

The Omaha World-Herald reported last week that work is under way near a 180-acre site controlled by the Council Bluffs Industrial Foundation.

Gov. Chet Culver is scheduled to visit Council Bluffs today but spokesman Brad Anderson said Tuesday that the governor is traveling to the city to speak to the Council Bluffs Chamber of Commerce about the proposed $100 million Iowa Power Fund.

In addition to the North Carolina project, Google has also announced this year it will build a $600 million data center, sometimes called a "server farm," in South Carolina. The company also received significant incentives for that center, according to the Charlotte News & Observer newspaper.

Computerworld, an information systems newsweekly published in New Zealand, published an article recently stating that Google was building data centers at a quick pace.

"Google is on its way to becoming the McDonald's of data centres - serving billions of bytes daily - if it keeps up with what seems to be an extraordinary pace of building IT facilities," the article said.

"Several of the new and prospective facilities, including one that Google built last year in The Dalles, Ore., share some common characteristics," the article continued. "For those data centres, Google has selected or is considering rural locations where electricity is both plentiful and available at relatively low costs."

In North Carolina, city, county and state governments agreed in January to provide Google with incentives that include sales-tax exemptions on electricity use and computer-related purchases and local tax breaks. The California-based company has promised to build a data center that is expected to employ about 210 workers who would earn an average of $48,000 annually.

Google is the world's most-used Internet search engine. It reported $10.6 billion in sales in 2006 and earnings of nearly $3.1 billion.

---

Original Article: DesMoinesRegister.com

News Source: DesMoinesRegister.com

Two2mnyxs · 04-19-2007

I hope this is true a nice boost for the area

**ob1** · 04-19-2007

Quote:

Originally Posted by Two2mnyxs

I hope this is true a nice boost for the area

I think so too, Two...I would love to work in such a place but I don't have the skills.

**Thender** · 04-19-2007

I thought you owned a deluxe set of knee pads Ob1?

**ob1** · 04-19-2007

Quote:

Originally Posted by Thender

I thought you owned a deluxe set of knee pads Ob1?

lmao...you fooker! Pepsi almost shot out of my nose!

I'll borrow Bud's pads...they are well-broken in and come with kleenex dispensers to wipe off the chin.

**Bud** · 04-20-2007

It would definitely be good for my business !!

04-19-2007	#1
ob1 Jedi SlaveBoy Listens: Z92 - Mornings Join Date: May 2005 Age: 38 Posts: 7,205 Throcks: 2,747.81 Thanks: 1,356 Thanked 3,162 Times in 619 Posts	Legislators work to land 'multibillion investment' Two Iowa lawmakers say a large Internet company is weighing whether to locate part of its operation near Council Bluffs - and the House is moving ahead with incentives for that company. "The best information we have: This could be at least a $600 million investment with 100 jobs at $50,000 to $130,000 per job or as much as 10 times that number," said Rep. Phil Wise, a Democrat from Keokuk and a member of the House's Ways and Means Committee, which passed the bill with the incentives on Tuesday. "We have the potential here for a multibillion investment in Iowa." Rep. Doug Struyk, a Republican from Council Bluffs, said the technology company is looking to locate in that area. But neither lawmaker would state the name of the company that would benefit from tax breaks for "web search portal businesses." The legislators were asked whether the company is Google. Earlier this year, it was announced that Google was creating a $600 million data center in North Carolina - after receiving an estimated $260 million in incentives over 30 years. But Wise and Struyk both said they were unable to disclose the company's name without jeopardizing the deal. The company is in talks with the Iowa Department of Economic Development, Wise said. Essentially, the incentives would offer sales-tax and use-tax breaks on equipment, machinery and electricity on an investment of at least $200 million. Wise predicted the bill would be approved early next week by the full Iowa House. Kansas, Missouri and Oklahoma are all vying for the business, he said. "If we fail to enact this incentive, I believe there will be other states that will secure the investments of companies like this," Wise said. A spokesman for the Iowa Department of Economic Development said Tuesday that it had no application for incentives from a company matching Google's description. The Iowa Economic Development Board, which weighs incentives for companies, meets on Thursday. The Omaha World-Herald reported last week that work is under way near a 180-acre site controlled by the Council Bluffs Industrial Foundation. Gov. Chet Culver is scheduled to visit Council Bluffs today but spokesman Brad Anderson said Tuesday that the governor is traveling to the city to speak to the Council Bluffs Chamber of Commerce about the proposed $100 million Iowa Power Fund. In addition to the North Carolina project, Google has also announced this year it will build a $600 million data center, sometimes called a "server farm," in South Carolina. The company also received significant incentives for that center, according to the Charlotte News & Observer newspaper. Computerworld, an information systems newsweekly published in New Zealand, published an article recently stating that Google was building data centers at a quick pace. "Google is on its way to becoming the McDonald's of data centres - serving billions of bytes daily - if it keeps up with what seems to be an extraordinary pace of building IT facilities," the article said. "Several of the new and prospective facilities, including one that Google built last year in The Dalles, Ore., share some common characteristics," the article continued. "For those data centres, Google has selected or is considering rural locations where electricity is both plentiful and available at relatively low costs." In North Carolina, city, county and state governments agreed in January to provide Google with incentives that include sales-tax exemptions on electricity use and computer-related purchases and local tax breaks. The California-based company has promised to build a data center that is expected to employ about 210 workers who would earn an average of $48,000 annually. Google is the world's most-used Internet search engine. It reported $10.6 billion in sales in 2006 and earnings of nearly $3.1 billion. --- Original Article: DesMoinesRegister.com News Source: DesMoinesRegister.com __________________ Ban the lizards!

04-19-2007	#2
Two2mnyxs Jr. and Jeff will be Team Mates in '08 Join Date: May 2005 Location: Papillion Age: 37 Posts: 986 Throcks: 4,221.87 Thanks: 0 Thanked 5 Times in 1 Post	Re: Legislators work to land 'multibillion investment' I hope this is true a nice boost for the area __________________ WOW HAIL HORDE If you Play and want a good group to run with email me James.hayes@offutt.af.mil this space for rent

04-19-2007	#4
Thender Always riding the ragged edge of disaster. Listens: Z92 - Mornings Join Date: May 2005 Age: 38 Posts: 24,111 Throcks: 9,392.41 Thanks: 14,852 Thanked 17,109 Times in 4,229 Posts	Re: Legislators work to land 'multibillion investment' I thought you owned a deluxe set of knee pads Ob1? __________________ Shenandoah, American Legion Post #88 Color Guard, State Color Guard Champions for 2008 - 2009 Two in the mouth is worth one in the bush.

04-20-2007	#6
Bud Wanna Bet??? Listens: Z92 - Mornings Join Date: Jul 2006 Location: Plattsmeth Age: 38 Posts: 13,977 Throcks: 19,301.48 Thanks: 14,485 Thanked 15,370 Times in 3,571 Posts	Re: Legislators work to land 'multibillion investment' It would definitely be good for my business !! __________________ Time is Short Click Here, Free Naked Ladies 2007 TNTU.net Fantasy NASCAR Champion !!!

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