NEW CARLISLE, Ind. - Amazon Web Services (AWS), a subsidiary of Amazon.com Inc. (NASDAQ: NASDAQ:AMZN), has announced plans to invest $11 billion in the construction of a data center campus in New Carlisle, Indiana. The project, which is the largest capital investment in the state's history, is expected to create at least 1,000 jobs.
Governor Eric J. Holcomb, chairman of the Indiana Economic Development Corporation (IEDC), expressed enthusiasm for the investment, highlighting its alignment with Indiana's long-term economic strategy and its potential to bolster the state's technology infrastructure sector. The AWS data centers will support cloud computing capabilities and generative artificial intelligence (AI) technologies for various industries.
Roger Wehner, AWS director of economic development, emphasized the company's commitment to digital transformation in the U.S. and the creation of job opportunities in Indiana. The investment also includes AWS's dedication to workforce development and educational initiatives in the region.
Indiana's business-friendly environment, skilled labor force, and growing technology and semiconductor sectors were cited as reasons for selecting the location. Carl Baxmeyer, President of the St. Joseph County Board of Commissioners, anticipates the data center campus will significantly boost the local and regional economy.
In support of AWS's investment, the IEDC has committed to providing data center sales tax exemptions, headcount-based tax credits, training grants, Hoosier Business Investment tax credits, and redevelopment tax credits. These incentives are contingent upon AWS meeting investment and employment targets.
Moreover, AWS plans to contribute up to $7 million for road infrastructure improvements around the planned development site. The company's investment is subject to the execution of long-term energy service agreements.
This announcement is part of AWS's broader commitment to Indiana, which includes community investment and engagement. For more information on Amazon's ongoing initiatives in Indiana, interested parties can visit the About Amazon blog.
The information in this article is based on a press release statement.
InvestingPro Insights
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