Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Illinois  + Midwest  + Industrial  | 

Meta to Build $800M Data Center Campus in Indiana

Indiana Governor Eric Holcomb announced Meta Platforms Inc., which powers products like Facebook, Messenger, Instagram and WhatsApp, plans to establish a new $800 million data center campus in Indiana.

Meta will establish a nearly 700,000-square-foot facility at the River Ridge Commerce Center in Jeffersonville. The facility will be the company’s 18th in the U.S. and 22nd in the world. Meta is starting construction this month and expects the data center to be operational in 2026. In addition to the 100 operational jobs, the company also expects to support more than 1,250 jobs at peak construction.

The Indiana Economic Development Corporation committed an investment in Meta in the form of a 35-year term data center sales tax exemption for a minimum of $800 million in eligible capital. For each additional $800 million of eligible investment made at the site within that period, the company will be eligible for tax exemptions for an additional 5-year period, up to a total term of 50 years.

Connect Industrial Midwest 2024 will take place on March 5, 2024, at Joe’s Live in Rosemont, Illinois. Click here for more information and to register.

Connect

Inside The Story

State of IndianaMeta

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

New call-to-action
New call-to-action