Amazon to invest $11 billion in Indiana to build data centers


FILE PHOTO: An Amazon Web Services (AWS) logo is pictured during a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024. REUTERS/Annegret Hilse/File Photo

(Reuters) - Amazon.com's cloud-computing arm said it would invest $11 billion in Indiana to build data centers, marking the state's largest capital investment, and promising at least 1,000 jobs.

The announcement by Amazon Web Services on Thursday builds on the online retail giant's already strong presence in the state, where it employs 26,000 full- and part-time staff.

The new facilities will be build in St Joseph County in north-central Indiana and house computer equipment used to power cloud computing and generative artificial intelligence. Amazon did not specify how many data centers would be established.

Big technology companies have been racing over the past year to build data centers needed to power applications such as OpenAI's viral ChatGPT as they try to capitalize on what is expected to be the industry's next key growth driver.

The Indiana Economic Development Corp (IEDC) will offer Amazon Web Services data center sales tax exemptions for eligible capital investments over a 50-year term, the company said.

The IEDC has also agreed to offer some performance-based incentives, including up to $18.3 million in headcount-based tax credits, up to $5 million in training grants and up to $55 million in Hoosier Business Investment tax credits.

"Amazon has long been an important economic partner in Indiana, and we are excited to welcome AWS," Governor Eric Holcomb said in a statement.

(Reporting by Aditya Soni in Bengaluru; Editing by Varun H K)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Does your Airbnb have hidden cameras? Here’s how to find them
Tencent’s marquee game generates over RM650mil in first week
Anger and debate online as China couple let daughter urinate near Thai palace, follows case of ‘Chinese tourists, please keep clean’ sign
New Hong Kong scams using bogus online customer service staff cheat people out of RM114mil in less than five months
Man livestreams his walk through grocery store looking for people to shoot, US police say
Nobel laureate Romer says AI hype risks repeat of crypto bubble
Apple to open Malaysia store on June 22 in South-East Asia push
Tesla settles fatal crash suit as another jury trial loomed
US billionaire plans dive to the Titanic in a newly designed submersible
Elon Musk dominates space launch. Rivals are calling foul.

Others Also Read