(The Hosting News) – The Colorado Springs city council approved $2.3 million in incentives on Tuesday for retail giant Wal-Mart and Agilent Technologies, both of whom are considering data center expansion in the area.
The proposed Wal-Mart data center would be built on 24 acres of land in northern Colorado Springs. The land also gives Wal-Mart the ability to expand the data center after 5 years, should they choose to do so.
Meanwhile, Agilent Technologies is considering expanding upon an already built data center in the area.
In a statement to the Colorado Springs Gazette, Interim City Manager Steve Cox, specifically talking about Wal-Mart, said, “It’s the largest corporation in the world and to have them pick Colorado Springs for one of their major operations, I just think that’s significant.”
The actual incentives are set to be given as rebates on property taxes and are performance based.
Both data center expansions could bring in nearly 1 billion dollars over a 15 year timespan, according to an economic impact analysis.
High profile companies such as Verizon, Intel, HP, and others currently have data centers in the area.