Records Show Google Incentives Could Hit $260 Million

Today's editions of The News and Observer of Raleigh report that incentives to lure Google to build a data center in Caldwell County could cost the public as much as 260 million dollars.

Records made public this week also show the deal was created in strict secrecy.

Google said last month it would build the 600 million dollar center near Lenoir and create as many as 210 jobs with average salaries of 48-thousand dollars.

The newspaper reports that records show that city and county tax breaks for Google amount to 165 million dollars over 30 years in addition to state tax breaks and incentives totaling 94 million dollars. That makes it one of the largest incentive packages the state has ever assembled.


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