On Thursday, February 7th, the Village celebrated the grand opening of Building One of the Facebook Data Center. This 970,000-square-foot facility is one of the biggest Economic Development projects with an investment of over $1 billion along with Economic Development Incentives. The data center will continue to be built until 2023 and will be bringing in 1,100 workers on site per day.
There are several benefits of this project for the Village of Los Lunas including it has seen a significant increase in its Gross Receipt Taxes. As New Mexico’s largest industrial revenue bond project, Facebook is set to buy $30 billion in IRB’s over the next 30 years.
Our very own Ralph Mims was interviewed at this grand opening ceremony. He said “With Facebook being in our community, we want to get ancillary business that feeds off data centers. A lot of retail has come directly or indirectly as a result of Facebook being in our community…”
Click on the link here to see the full interview of Ralph and more news coverage of the Grand Opening.
To see more of what the stakeholders in this projects had to say about the new data center, click here.