re: CNBC: To land Meta’s massive $10 billion data center, Louisiana pulled out all the stops

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There’s going to be billions of dollars of equipment subject to sales and property taxes located in the state and parish

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Bro never heard of ITEP

If y’all think these tax abatements are great, just keep in mind that the paper mill in Bogalusa, the very thing that makes Bogalusa awful, gets the same exemptions. Tell me how that’s worth it? Especially when the only people that work there are third generation mill employees. Tell me how the average person benefits. The answer is easy, we don’t.

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Ain't much coming in for a got damn data center after it's up and running

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lol good luck, no one wants to move to that shithole part of the state. Not even if they sweeten the deal

This thread is hilarious. 10/10

Im no expert on data centers, but I am an expert on film production. Everything in the press about the new film legislation has been bullshite, so since the source is the same, I assume everything about this data center is similarly bullshite.

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the paper mill in Bogalusa, the very thing that makes Bogalusa awful

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Bogalusa has about the same population as does Norwalk, Iowa.

If tomorrow morning the populations switched cities, you’d find out what the very thing that makes Bogalusa awful is.

HINT: It ain’t the paper mill.

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This part is important. I actually do the tax work of these actual data centers.

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H&R Block’s finest proving once again that he has no idea what the frick he’s talking about

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Yes

I am not sure some of the southern Louisiana citizens realize just how poverty stricken NELA actually is. NELA may be the poorest area in the nation. It is truly heartbreaking just how poor and poverty stricken those NELA parishes are.

Any deal like META in Richland Parish will help and has to be done. It will spur additional growth and economic development…..and it is something those poor folks in those very rural parishes desperately need.

The entire state needs to be asking what can they do to help make the META deal work. This one deal has the potential to change NELA for decades….for the positive.

Spending money to start META up and running will help develop an economy up there.

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No argument from me. Generally I'm not a huge fan of data centers being touted as a huge economic win, but this is going to be the largest data center in the western hemisphere, and it's not going in a place where there is a massive constraint for land but a huge need for jobs. Definitely an impressive project, and there will be a lot of additional local tax revenue collected with 5,000 people running around locally during construction and the new direct jobs afterward. It's a big deal for an area that needs the economic activity.

It's not a car plant (which IMO would have been better and more "jobs dense") or the new Steel mill proposed for Donaldsonville, but it will still be transformational for that region. And I'm glad we are not handing out tax credits for something like a solar farm again that consumes a massive amount of space but doesn't produce a lot of energy or jobs for anyone. And it's definitely better for the local economy than leaving the land undeveloped.

Between the data center and the powerplants to support it, we should see 500+ new jobs in an area that desperately needs it. It also is a very good thing that CNBC is covering this. We all know Landry is a questionable governor, but not everyone else outside of the state does. And big headlines on Hyundai and Meta investing in the state is a very good thing.

What I am most afraid of round all of this is Entergy building new powerplants in Texas or Mississippi but charging Louisiana customers fees for the investment needed to transmit electricity to this new data center. That's NOT okay. Entergy does a horrific job at maintaining an acceptable service level as it is today. Basically Entergy is going to piss everyone off because they suck. I hate them. I don't trust them. Their infrastructure in this state is terrible and they are a huge embarassment.

I don't see the data center attracting many other support businesses other than powerplants, which is definitely something for an area that needs the jobs. But I have high hopes that the EAF Steel Mill going up in the Baton Rouge area could help the gulf coast region attract more durable goods manufacturing for things like automobiles, aircraft parts, agricultural equipment, etc. Those all tend to bring in a lot of suppliers and support businesses.

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Unless there's another company that could pay a single dollar or create a single job without also getting billions in subsidies.

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There isn’t.


Did you miss the part about the state owning the land for 20 years because they were trying to attract a manufacturing plant?

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There's no way this is the best, most efficient use of that property for the people of that area or the state.

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It is.






Nela has been bleeding jobs for the last 30 years.


Anything is better than nothing