State OKs local property tax exemption for Meta subsidiary’s $800 million Davenport data center plan

IEDA also approves five awards to startups A Meta subsidiary’s plan for an $800 million data center project in Davenport will receive a $161 million local property tax exemption through the state’s High Quality Jobs program. The Iowa Economic Development Authority board voted Friday to approve the tax exemption request…

Continue reading

How can the metaverse help businesses?

Meta executive says metaverse will provide for more engaged, present workforce interactions The metaverse is not designed to replace in-person interaction, but instead is intended to give people a “feeling of presence, feeling like you are right there and with other people,” a Meta executive told an audience recently during a…

Continue reading

Meta to buy energy from Central Iowa wind project to power Altoona data center

Virginia-based Apex Clean Energy has entered into an agreement with Meta to buy power from its Great Pathfinder Wind project in Boone and Hamilton counties to provide energy to Meta’s operations in the region, including its data center in Altoona. According to a news release, it is Meta’s second clean-power…

Continue reading

Final expansion to make Altoona Meta’s largest data center worldwide

Meta (formerly Facebook) announced Tuesday a seventh and final expansion at its Altoona Data Center that will make it the company’s largest operational data center in the world. The expansion will add two new buildings to the data center campus, which upon completion will total more than 5 million square feet….

Continue reading