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Meta Secures a 35-Year Exemption from Sales Tax for Constructing an $800M Data Center in Indiana

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Meta has agreed with Indiana on its latest data center project: a sprawling 700,000-square-foot, $800-million facility to be constructed in Jefferson, located about 825 miles from the state’s capital. This collaboration was revealed by Meta and Indiana Governor Eric J. Holcomb on January 25.

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This new facility is designed to cater to Meta’s worldwide data requirements, including support for its artificial intelligence (AI) operations.

Construction is set to begin in January, with a target completion date of 2026. It is expected to employ up to 1,250 people during “peak construction” and, according to a press release from Governor Holcomb’s office, will then support “100 high-wage jobs.”

“Once operational, the Jeffersonville Data Center will be supported by 100% renewable energy through our investments in new renewable energy projects and like our other data centers, will achieve LEED Gold certification.”

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The expansion comes at an ideal time for the social media platform. Meta recently returned to the trillion-dollar club, making its first appearance since 2021.

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Indiana is also pitching in. According to Governor Holcomb’s press release, Meta will receive a data center sales tax exemption for the first 35 years of campus operation, with the option to extend exemptions until 2074:

“For each additional $800 million of eligible investment made at the site within that time period, the company will be eligible for tax exemptions for an additional 5-year period, up to a total term of 50 years.”

The company’s stock has seen renewed vigor thanks to its efforts in the field of generative artificial intelligence. According to Cointelegraph, as business grows, Meta plans to increase its total GPU count to 350,000 H100s; in comparison, rival AI firm OpenAI trained ChatGPT with only about 10,000 GPUs.CRYPTOCASTER® - DECENTRALIZED FREEDOM!


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