LUBBOCK, TX (KCBD) - There's a new $30 million investment to build a Verizon data center at the new Lubbock Business Park.
Construction of the 30-thousand square foot Verizon data center is expected to begin soon. The money from LEDA, or the Lubbock Economic Development Alliance, will only secure the promise of three permanent jobs, each bringing in a salary of more than $50,000 a year. However, Verizon will add $30 million to the local tax rolls.
"We feel we are very readymade for this type of business because it's not polluting, it involves high capital investment which helps in our local tax base and it also provides jobs and will provide more jobs over the years," said Lubbock Mayor Tom Martin.
At the current tax rate, such a facility would generate $133,920 of property tax for the city each year. Also at the current tax rate the facility would generate $98,837.40 in property tax for Lubbock County.
Martin says this is a huge investment for Lubbock and that it could bring more professionals to the Hub City.
"There's going to be a flood of very highly skilled technical people coming in and out of Lubbock to service this center. We hope to snare some of those folds to come to Lubbock permanently," said Martin.
He said they expect to have the Verizon center up and running later this year.
Verizon also adds a big company name and perhaps greater prestige to the Lubbock Business Park near the Lubbock Preston Smith International Airport. The other large tenant currently is O'Reilly Auto Parts.
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