|Look Who’s Coming to Town
Last week brought exciting news for the 10th District with the announcement that Facebook, the social media giant, will be building its ninth U.S. data center in the Stanton Springs industrial park, located in Social Circle. The first phase will bring an investment of $750 million over the next five years, while creating at least 100 full-time employment opportunities and thousands of construction jobs.
Georgia is meeting the growing demands of serving the business community, while gaining the reputation for being the best state for doing business. This wave of development will help sustain a path of success and growth for years to come. The efforts of Governor Nathan Deal and the Joint Development Authority of Jasper, Morgan, Newton and Walton Counties were instrumental in ensuring that Facebook chose our community.
Additionally, the new Newton Data Center is expected to be fully operational by 2020 and will be powered by 100% clean, renewable energy. In collaboration with the Walton Electric Membership Corporation (EMC), hundreds of acres of solar panels will be installed within Georgia's electric grid in order to achieve this goal. Hopeful this cooperative, community-supported solar energy program will serve as a model for electric utilities nationwide.
Georgia Power recently announced that customers will receive $330 million in direct credits as a result of the Tax Cuts and Jobs Act over the next two years and projected an additional $700 million in future benefits. That means a typical residential customer using an average of 1,000 kilowatt-hours per month could receive approximately $70 in refunds over the two-year period. These are real dollars that you can put to use to benefit your family.
Cox Enterprises, one of the largest cable conglomerates, also announced last week that the company will provide nearly all of its 60,000 employees, including more than 8,700 workers in Georgia, with a bonus of $1,000 - $2,000 because of the historic tax reform package passed in December.