Monday, April 22, 2013

Google plans $600M expansion in N.C.


Staff Writer - Triangle Business Journal

Google today announced plans for a $600 million expansion of its data center in Lenoir, bringing Google's total investment in the state to $1.2 billion.
Details related to the expansion were not immediately available, and the impact on employment was not immediately clear.
Additionally, Google (Nasdaq: GOOG) announced it will participate in a new program Duke Energy (NYSE: DUK) is developing for large customers that wish to buy renewable energy. The renewable energy option will be voluntary and will not affect the rates of other customers.
Duke Energy will make a regulatory filing proposing the program to the N.C. Utilities Commission in the next 90 days.
The announcement was made at Google’s data center in Lenoir, where Gov. Pat McCrory, U.S. Rep. Mark Meadows, N.C. Sen. Dan Soucek, N.C. Rep. Edgar Starnes(Majority Leader), Duke Energy State President Paul Newton and Google Operations Manager Enoch Moeller were present.
Caldwell County has 11.6 percent unemployment, according to the latest N.C. Commerce Department. Compare that to the 8.9 percent rate for the state as a whole. (The agency reported statewide unemployment of 9.2 percent Friday, after adjusting for seasonal factors.)

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