Google to invest $10bn for offices, data centres in US
Alphabet and Google CEO Sundar Picha announced that Google will invest more than $10 billion in offices and data centres across the US in 2020.
Alphabet and Google CEO Sundar Pichai on Wednesday announced that Google will invest more than $10 billion in offices and data centres across the US in 2020.
"Google currently has a presence in 26 states across the country and our new investments will be focused in 11 of them: Colorado, Georgia, Massachusetts, Nebraska, New York, Oklahoma, Ohio, Pennsylvania, Texas, Washington and California.
See Zee Business live streaming below:
"These investments will create thousands of jobs - including roles within Google, construction jobs in data centers and renewable energy facilities, and opportunities in local businesses in surrounding towns and communities," Pichai said in a statement.
This effort builds on the momentum of the $13 billion investment in communities from South Carolina to Nevada that Google made in 2019.
Combined with other R&D investments, Google`s parent company Alphabet was the largest investor in the US last year, according to a report from the Progressive Policy Institute.
Pichai said the company would also accelerate its work with businesses, governments, and community organisations to distribute the $1 billion it committed for Bay Area housing.
"In the first six months of this commitment, we`ve helped to create more than 380 new affordable housing units in the Bay Area, including an investment in a development focused on affordable and inclusive housing for adults with disabilities. There`s more to come in 2020," he said.
Pichai said that Google would continue its work nationally with local startups, entrepreneurs and small business owners to help Americans access new digital opportunities.
"Our growth is made possible only with the help of our local Googlers, partners and communities who have welcomed Google with open arms," he added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
11:57 AM IST