New Albany City Council approves tax break deal for $3.5 billion Amazon data center project
New Albany City Council approved agreements with Amazon web services to help build five new data centers worth $3.5 billion.
Under the agreement, Amazon gets 15 years of 100% tax breaks and an additional 15 years of a 75% discount on taxes. But the company does have to pay the city at least $352,000 a year with that price increasing over time.
This project is considered the first part of a large Ohio investment Amazon announced in June worth $7.8 billion. It is considered the second-largest single private sector company investment in Ohio’s history, which is only behind the massive Intel project that is now under construction in Licking County.
AWS public policy manager Merle Madrid says this is just step one of the company's investment on their property in the area in no small part thanks to New Albany.
"It's been an incredible easy place to do business. It's the reason why Ohio is the silicon heartland driven right here by the leadership in New Albany, and we're incredibly proud to be a part of it," Madrid said.
This part of the project will take up about 85 of the more than 400 acres Amazon bought this year in New Albany.
Amazon expects the project to generate 105 full time jobs. The new data centers will contain computer servers, data storage drives, networking equipment and other forms of technology infrastructure used to power cloud computing.
Construction is expected to begin in 2025 and wrap up at the end of 2030.