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Photo courtesy of Catawba County EDC

Microsoft To Invest $1 Billion In Catawba County, Add New Jobs

Leaders of Catawba County, the Cities of Conover and Hickory, the Town of Maiden, and the Catawba County Economic Development Corporation (EDC) announced Wednesday (November 9) that Microsoft Corp. plans to invest a minimum of $1 billion in the phased development of four datacenters in Catawba County over the next 10 years. The datacenters will be located in Conover, Hickory and Maiden and will create at least 50 new jobs.

The Conover site will be located on approximately 219 acres north of Conover on NC Hwy 16. This location includes the multi-jurisdictional NCDataCampus site, which has long been planned as a potential location for multiple technology facilities.

The Hickory sites will be located on approximately 160 acres west of US 321 adjacent to Hickory Lincolnton Hwy. and on approximately 16 acres on Tate Blvd. The Maiden site will be located on approximately 292 acres north of W. Maiden Rd. and west of Zeb Haynes Rd.

Economic development agreements and incentive grants for the project were approved at a joint meeting today by the Catawba County Board of Commissioners and the elected councils of Conover, Hickory and Maiden. Additionally, the Catawba County Property Development Corporation board approved the sale of the NCDataCampus site during the meeting.

Terms include a guaranteed minimum investment in Catawba County of $1 billion and in each municipality of $332 million, with an additional $33 million to Hickory for its second site, over 10 years. Performance-based incentive grants of 50% real property and 85% personal property will be awarded over ten years, with two potential extensions of five years each conditioned on additional development expenditures by Microsoft. Incentive grants will be awarded only following the proof of performance requirements standard for any Catawba County investment and are safeguarded by clawbacks as required under North Carolina general statute and Catawba County practice.

[News release from Catawba County EDC]