Google Proposes Infrastructure and Tax Abatement for Hermantown Data Center
Google's proposed data center in Hermantown could lead to a $130 million infrastructure investment and significant job creation. The company promises to cover infrastructure costs while negotiating a tax abatement deal to ensure project feasibility.
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Google's proposal for a data center in Hermantown includes funding for $130 million in infrastructure required for the project. This infrastructure will be built by Google and turned over to the city upon completion, contingent on meeting city specifications.
In exchange, Hermantown is considering a tax abatement package estimated at $33.5 million in present value to make the project competitive. The development is expected to create at least 120 full-time jobs, with salaries above $80,000.
The local school district will receive significant financial support from Google, totaling around $40 million over 28 years. These developments could diversify the local job market and stimulate economic growth.
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