Google turns down some of NC incentives
Friday, December 5th, 2008
By Staff
By EMERY P. DALESIO
The Associated Press
Thursday, December 04, 2008
RALEIGH, N.C. — Tough economic conditions could slow expansion at Google Inc.'s server farm in the state's foothills, the company said Thursday in a letter declining a sliver of a $260 million government incentive package.
The Silicon Valley Internet giant never finalized a deal by which it would recoup up to $4.8 million in state taxes if it met job-creation and other targets at the Lenoir facility. In the letter, a company attorney told a state incentives committee that it no longer wants the money or the commitments that would go with it.
Google never received any of the money under the 12-year Job Development Investment Grant.
While Google "remains pleased and committed to its Lenoir operations," economic conditions make it too difficult to be sure the $600 million data center complex will expand as fast as previously thought, the letter said.(more…)
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