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Apple Is Spending $1 Billion to Expand Its Big Nevada Data Center

By
Lisa Marie Segarra
Lisa Marie Segarra
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By
Lisa Marie Segarra
Lisa Marie Segarra
Down Arrow Button Icon
May 11, 2017, 7:42 AM ET

Apple is investing $1 billion into the expansion of its data center in Reno Technology Park.

The company also bought land in downtown Reno that will allow it to take advantage of tax abatements worth millions of dollars, according to USA Today.

The expansion, plans for which were first reported by Coins2Day in February, will double the data center’s size to help meet greater demands for iCloud storage.

“We’re excited to announce Apple will be increasing our investment by an additional $1 billion,” Apple executive Mike Foulkes told USAToday.

Foulkes added that the expansion will bring “hundreds of jobs in operations and construction.”

Apple (AAPL) initially invested $1 billion to build the data center, which yielded $89 million in tax abatements in 2012.

The Reno area has become a hotspot for technology hubs with other companies such as Tesla flocking to the location.

About the Author
By Lisa Marie Segarra
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