Louisiana Hands Meta a Tax Break and Power for Its Biggest Data Center

In a move aimed at boosting economic growth, Louisiana has granted Meta, formerly known as Facebook, a tax break and access to cheaper power for its new data center. The tech giant’s investment in the state is expected to create thousands of jobs and bring millions in revenue.

The tax break, which will exempt Meta from paying property taxes for up to 10 years, is part of a larger incentive package aimed at attracting more tech companies to the area. In addition, the state has agreed to provide the company with discounted power rates, making Louisiana an attractive location for data centers.

Meta’s new data center is set to be one of the largest in the world, spanning over 900 acres and costing billions to build. The facility will house thousands of servers and employ hundreds of employees, further solidifying Louisiana’s position as a hub for tech innovation.

The decision to grant Meta these incentives has been met with mixed reactions, with some questioning the wisdom of giving tax breaks to a company with a history of controversial business practices. However, supporters argue that the economic benefits outweigh any potential drawbacks.

Overall, the deal represents a significant win for Louisiana, as it not only brings in a major tech player but also sets the stage for future investments in the state’s growing tech sector. With Meta’s new data center, Louisiana is well-positioned to become a leader in the digital economy.