Facebook continues to be the most profitable social media company on the planet and just reported record revenues of over $17 billion for the third quarter of 2019. “We’re glad to be able to provide small businesses the tools they need to grow and be successful online during these challenging times,” Zuckerberg said in a statement. All Rights Reserved, Even before Phase 1 completion, Facebook announces expansion to Utah data center, Breathtaking photos of Jupiter and Saturn’s ‘Christmas Star’ conjunction. Not Now. 16,661 check-ins. Eagle Mountain Ranch is on Facebook. Join Facebook to connect with Mountain Eagle's and others you may know. If all five phases of the data center project are completed in the next few decades, Facebook is set to harvest a potential $750 million in taxpayer subsidies along the way. Utah is currently home to numerous data centers, including facilities operated by eBay, Twitter, Oracle and the National Security Agency. Copyright © 2020 Deseret News Publishing Company. 7 times public officials had double standards on COVID-19. The Facebook facility will require only a few dozen people to operate, though the company says the project will “support” 200 jobs on completion. 6,031 were here. Stargazers from around the world captured magnificent photos of the rare cosmic event. About See All. Only the Alpine School Board created some caps on those benefits, with limits of $40 million per phase and $120 million total over 35 years. A study commissioned by Eagle Mountain on the project detailed that if Facebook carries the project through five phases inside the 40-year limit, the company would earn $750 million in tax relief. Facebook, which currently has some 2.7 billion users, reported over $18 billion in revenues in the second quarter of 2020, up almost $2 billion from the same period in 2019. This deal was struck down in August 2016 after the Board of Education said that they would only agree on the center if the proposed tax break plan was decreased and capped at $100 million. The company will also enjoy some sales tax exemptions, created specifically for data centers by the Utah Legislature. Sign up for the Facebook, which also owns popular photo/video posting platform Instagram as well as messaging service WhatsApp, started the year with its stock trading around $209 per share and briefly exceeded $300 per share earlier this summer. It has access to 1000 MW of power. Start your day with the top stories you missed while you were sleeping. All those pics and posts may seem to simply float along in the digital ether, but the functional reality is those bytes of info all have actual homes, and one of them is under construction in Eagle Mountain. 155,395 people like this. Further reading. That tax break gives Facebook 100% tax relief on personal property taxes due and 80% relief on real property taxes due for a term of 40 years for four of the five taxing entities it’s beholden to. “Our data center investments go beyond economic growth to benefit the local environment and community.”. Eagle Mountain Lake. Data centers are part of the infrastructure that helps us bring WhatsApp, Instagram, Facebook and … Because life is better at Eagle Mountain Lake. 1.8K likes. For Eagle Mountain, Facebook requested $150m in tax subsidies to offset the cost of building infrastructure, as well as a 20-year personal property exemption estimated at $375m, and an additional $375m tax break on the value of the real estate. About See All. Upon completion, the Eagle Mountain Data Center, located in Eagle Mountain, Utah, will be part of the valuable infrastructure that helps bring our customer's applications and services to more than two billion people across the globe. or. From our regular ser... vices, dynamic children's activities, powerful worship and teaching to our full service to a growing online congregation, there is a place for you at EMIC. Exactly how much data the facility will be able to hold is a little murky, and the company isn’t saying, but experts estimate the highly secretive National Security Agency data center in Bluffdale, which has a similar footprint, might accommodate 3-12 exabytes of data. Forgot account? The company will also enjoy some sales tax exemptions, created specifically for data centers by the Utah Legislature. See more of Eagle Mountain Church on Facebook. Create New Account. Facebook has announced it will expand the size of a data center under construction in Eagle Mountain from 1 million square feet to 1.5 million square feet, according to a Wednesday news release from the data center. 217 likes. newsletter, Alpine School Board created some caps on those benefits, As seniors isolate due to pandemic, family key to keeping scammers away during holidays, Search continues for gunman who shot 3, killing man at Salt Lake motel, Utah professor says former Trump campaign aide should be deemed a victim in case against ex-FBI lawyer, Latter-day Saint author, teacher Hank Smith loses his brother to COVID-19, Rowland Hall, Crossroads Urban Center spread Christmas cheer in Salt Lake Valley, Charges: Utah man was on way to kill stepfather before being stopped by police, Trump pardons former campaign chairman Paul Manafort, Salt Lake teachers deserve a COVID-19 bonus as much as anyone else. Create New Account. newsletter, reported over $18 billion in revenues in the second quarter of 2020, Alpine School Board created some caps on those benefits, As seniors isolate due to pandemic, family key to keeping scammers away during holidays, Trump comments leave Utahns in Congress wondering what’s next with COVID-19 relief, New stimulus plan offers help to those forced out of work due to COVID-19, Salt Lake business hopes new stimulus money can keep doors open as pandemic rages, Pandemic has exacerbated child care center shortage in Utah, The pandemic-safe business with Christmas lights and music, and the genius who got it started, Trump pardons former campaign chairman Paul Manafort, Salt Lake teachers deserve a COVID-19 bonus as much as anyone else. Search continues for gunman who shot 3, killing man at Salt Lake motel, Utah professor says former Trump campaign aide should be deemed a victim in case against ex-FBI lawyer. Not Now. BYU quarterback helped lead Cougars to the biggest offensive explosion in school history with 655 yards in win over Central Florida. BYU, Zach Wilson turn in a performance worthy of a New Year’s Six bowl, Snubbed by the College Football Playoff selection committee a month ago, No. The expansion adds 500,000 square feet of additional facilities to the first phase and pushes the capital investment to $1 billion, according to the company. See more of Eagle Mountain Church on Facebook. Facebook’s current market capitalization is over $570 billion. In addition to its capital costs, Facebook is investing about $150 million in infrastructure improvements, including bringing power to the 500-acre site from a nearby high-capacity power line corridor, extending sewer and water service, bringing in telecommunication lines and improving roads. Under terms ratified by five different taxing entities, Facebook will qualify for some $150 million in tax breaks over 20 years for Phase 1 of the project, a two-building, 970,000-square-foot undertaking worth $750 million. View the profiles of people named Mountain Eagle. 7 times public officials had double standards on COVID-19. BYU quarterback helped lead Cougars to the biggest offensive explosion in school history with 655 yards in win over Central Florida. “And we’re proud that people can rely on our services to stay connected when they can’t always be together in person.”. Facebook gives people the power to … It is a growing, loving family! The Facebook data center will be a 970,000 square foot building, located in northern Utah County, at the Sweetwater Industrial Park in Eagle Mountain, Utah. And don’t feel bad if you haven’t heard of an exabyte, the term for 10006 or 1,000,000,000,000,000,000 bytes of information. While many companies, particularly those in the food service, hospitality and recreation/entertainment sectors, have suffered catastrophic losses amid the ongoing restrictions brought on by COVID-19, many leading U.S. tech endeavors, including Facebook, have been experiencing record-setting business. In a release, Facebook said it has made “great progress” on the project thus far, having poured over 41,000 yards of structural concrete and incorporated over 7,000 tons of steel. Facebook unveiled the Eagle Mountain project in May 2018 after rumors and speculation about a mysterious big tech project in the area swirled for months. A study commissioned by Eagle Mountain on the project detailed that if Facebook carries the project through five phases inside the 40-year limit, the company would earn $750 million in tax relief. 2020 in hindsight — what will this year look like a century from now? or. Community See All. The company has continued to be highly profitable in spite of a bevy of criticism, legal actions and scrutiny by government entities around the world for its handling of personal data supplied by its users. Founded in 1982 - 38 Years of Full Gospel Ministry. or. Eagle Mountain International Church is LIVE! 14355 Morris Dido Rd (1,503.35 mi) Newark, TX … The news comes as no surprise as the company predicted, when it unveiled its project in May 2018, that the facility could be built out in as many as five phases. Come enjoy the shenanigans and hijinks in deeper, cooler water at South Cove. Not Now. If this was his college exit, BYU’s Zach Wilson put on show to remember. 163,586 people follow this. Create New Account. EAGLE MOUNTAIN — Facebook is set to build a new data center in Eagle Mountain that will span nearly one million square feet and represent a $750 million investment in the city. Join Facebook to connect with Eagle Mountain and others you may know. 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