EAGLE MOUNTAIN, Utah (News4Utah) – An undisclosed company is considering Eagle Mountain as a location for a new data center.
Governor Gary Herbert says it would be a big boost to the economy, but some say the deal to lure them here is giving up too much.
The name of the major tech company is still under wraps, but the governor says the mystery could soon come to light.
“We’ll know the name of the company here when they allow us to reveal that, probably in the next few days. I don’t think it’s far, now that the tax entities have signed off on it,” said Herbert, (R) Utah.
As it sits now, this land would generate about $1300 for those five tax entities over 20 years. If the new data center comes, it’s expected to raise that to $16 million over that time.
If that happens, the company would realize a tax incentive of $133 million.
The company would also make an initial $120 million dollar investment on infrastructure.
The governor says it would be a significant net gain for the city, county and state.
“It’s not just this company that’s coming in themselves, but who they will attract and opportunities to bring in and expand economic opportunity, which creates wealth, creates jobs. Again, that’s why Utah’s doing so well today,” he said.
But, not everyone is buying it.
“It’s so a bunch of politicians can stand up and have one moment of glory and say look, we’re creating jobs. Bologna,” said Senator Jim Dabakis, (D) Salt Lake City.
Dabakis says this deal is giving away the farm, at the expense of other hard working business owners and future generations.
“They are going to be paying the taxes to give this giant subsidy to these huge out of state people, so they can come here and create 30 jobs? Forget it, bad deal,” he said.
Utah County commissioners will be considering some modifications to the deal at their next meeting on Tuesday.
News4Utah is told they are looking at addressing any future phases of the project.