The contract determines the employment of terms that the company must also affect to receive these tax incentives: the finish line may receive the highest real estate tax exemption, provided that it employs the equivalent of 300 “full -time” jobs by 2030, 450 to 2032, 475 to 2033 and 500 to 31 December 2034.
Louisiana agreements ask for more than tax subsidies in some other states. According to good work, almost, almost Half of tax subsidies for data centers does not require any new jobs. But Miller is concerned that tax breaks were not necessary to encourage the company as vast as the finish. “Although everyone likes to avoid taxes, they do not intend to employ people in Richland [Parish] Just because they will get a tax relief – says Miller.
Louisiana now He changed the tax discount to create a exemption for data centers in 2024. encourage the finish; In its latest iteration, it is said that data centers may receive full exemption from sales tax for equipment purchases in a state, if they employ 50 full -time jobs and invest at least $ 200 million until July 1, 2029. A separate agreement viewed by Wired Attipms that this applies to Richland Parish Data Center, in addition to the pilot agreement.
Good work first says that at least 10 states have subsidies for data centers, which are worth over $ 100 million each, and “suffered estimated losses of $ 100 million in the field of tax revenues for data centers”, according to its data. In total, these countries give up taxes over $ 3 billion a year for data centers. Texas changed the cost of his own Subsidy to the data center in 2025 from USD 130 million to USD 1 billion. In 2024, a pause on the subsidy of the data center was adopted in Georgia But vetoed by Governor Brian Kemp.
The Franklin Farms website in Holly Ridge, the Richland parish, where the Meta Data Center is being built, was purchased by Louisians especially for economic development projects. In its lease, Louisiana offered a company with an area of 1,400 acres for $ 12 million, which, according to the lease agreement, was the costs of purchasing and maintaining land. The lease also says that the “rent” of the “rent” annually is a “loan for the basic purchase price”, which means that the company will pay for the property just over 16 years from a 30-year lease agreement.
The price of potential sales would be a bit higher if the finish line does not reach minimal employment and investment thresholds: for example, the lease says that if the finish line spends only $ 4 billion in the state instead of $ 5 billion, the property costs $ 19 million. Economic development in Louisiana reserves the right to recover the property, if the finish line does not invest at least $ 3.75 billion and employs the equivalent of 225 “full -time” jobs by 2028. Asked whether the finish line plans to buy real estate, Clayton said: “We will keep you up to date on our future plans.”
The presence of the finish has already caused an augment in the value of land. Nearby area of 4000 acres of land in Holly Ridge is for sale for $ 160 millionSo USD 40,000 for AKR – over 4.5 times more than the price paid by Louisiana for the Data Center website.
But there is also a fear that the metal can delay or abandon the data center project. The pilot agreement of its subsidiary signed with you claims that the company’s schedule will depend on “numerous factors except the control of the tenant, such as market orientation and demand, competition, availability of qualified workers for construction and/or weather conditions.”
“I am generally afraid that too many data centers are being built,” says Miller. “This means that some data centers will simply be abandoned by the owners.”
He says in the script that Big Tech limits investments in data centers, the finish would not be able to find another buyer. “Basically, the state will get stuck in this magazine full of computers,” says Miller.