Google gets lucrative tax deal for metro Detroit data center
Google has secured a lucrative tax deal for its "Project Cannoli" data center in Van Buren Township, metro Detroit. Under the agreement, Google is projected to pay between $1.3 million and $2.4 million annually in township taxes. This amount could represent up to nearly 10% of the township's current $24 million budget.
Google has finalized a significant tax incentive package for its upcoming "Project Cannoli" data center, to be located in Van Buren Township within the metro Detroit area. The agreement outlines that Google is expected to contribute between $1.3 million and $2.4 million in annual taxes to Van Buren Township. This financial injection is substantial, potentially accounting for close to 10% of the township's current $24 million budget, highlighting the economic impact of the data center project.