Apple will build data storage centers in Iowa in exchange for a tax credit of $208 million

NEW YORK, August 25. /TASS/. American Corporation Apple will build two data centers in Iowa and is exempt from taxes in the amount of $208 million Total project will be $1.4 billion reported on Thursday, the Agency AP, citing the Director of the Department of economic development Iowa Debi Durham.

According to her, Apple promised to create in the city of des Moines (Iowa) 50 new jobs and agreed to purchase a plot of land with an area of 668,9 hectares for the construction of two objects. In addition, the President of the Corporation Tim cook, who met Thursday with the state Governor Kim Reynolds, is investing $100 million in local Fund intended to Finance the reconstruction and renovation of streets, parks and libraries in the city.

“At Apple, we admire your achievements and want to contribute,” said cook at the meeting with the Governor of Iowa. CEO explained that he was attracted to this state-developed system for producing energy from renewable sources, the minimum number of natural disasters and a favorable tax regime.

Results for the third financial quarter ended 30 June, Apple’s revenue had risen to $to 45.41 billion, which exceeded the forecasts of experts. Last year in the third fiscal quarter, which is traditionally considered the weakest for the company in terms of revenues, revenue was $of 42.36 billion Net profit for the period fixed at $8,72 billion, or us $1.67 per share (last year $7.8 billion, or $1,42 per share).

Founded in 1976, Apple manufactures iPhones, iPads, MacBook laptops, iMac desktop computers, iPod music players, and other equipment. Corporation is one of the largest in the world, its market capitalization exceeds $780 billion.