3 ms·
And for some reason the swedish government is helping facebook in funding this project. http://www.dn.se/ekonomi/regeringen-ger-stod-till-facebook http://www.dn
by Too 15y ago
And for some reason the swedish government is helping facebook in funding this project. http://www.dn.se/ekonomi/regeringen-ger-stod-till-facebook http://www.dn.se/ekonomi/regeringen-ger-stod-till-facebook, 15M USD out of estimated total of 700M. Sure it's a small fraction and it will probably bring many jobs to the city but it's not like facebook can't afford it themselves and that this extra grant was critical for the project.
- vilya 15y agoThe grant might have been instrumental in getting them to bring the project to Sweden rather than any of the other Arctic circle countries though.
- Jach 15y agoI bet they get at least half of that back through taxes. (Assuming $6k per month, with 300 workers mentioned in the article and 14 month completion rate, 30% one-time tax on it all, comes to 7,560,000.) It does seem kind of peculiar though, makes me wonder if Facebook offered anything in exchange. Maybe some sort of data flow/monitoring of Swedish users?
- rmc 15y agoIt's almost certainly for the jobs. Sweden can market itself (to it's populace) as a tech centre. Same reason the low Irish Corporate Tax rate