Fidelity Announces $20 Million Data Center in Greater Omaha

Fidelity Investments becomes first financial services firm to build a data center in Nebraska under the Nebraska Advantage tier. Oct 19, 2012 @ 2:35 PM

Fidelity Investments has announced plans to construct a new $200 million data center in Greater Omaha. Fidelity is joining the metro’s growing list of data centers including Yahoo!, Google, Verizon, Cabela’s and Infocrossing Inc.

The company cited the state’s low power rates and central U.S. location as key factors in its decision to locate in Nebraska, as well as the array of available incentives. Upon completion, the state-of-the-art data center will employ approximately 30 to 35 associates.

In efforts to create the most competitive business assistance package, the Greater Omaha Economic Development Partnership worked with Gov. Dave Heineman, the Nebraska Unicameral, Nebraska Department of Economic Development, Nebraska Department of Revenue, and City of Papillion and Sarpy County officials. The final package included a modification to the Nebraska Advantage business incentive program to create a large data center option.

“To have Fidelity Investments, an outstanding company, utilize the Nebraska Advantage incentive helps us set the bar for other quality companies weighing location considerations for future data center projects,” said Gov. Heineman.

“Fidelity is pleased to be in Nebraska,” said Steve Scullen, President of Corporate Operations for Fidelity Investments. “The state is an extremely attractive market for data center expansion and we’d like to thank Governor Heineman and other state, regional and local officials for being so cooperative and such great partners throughout this process. We believe the site we’ve chosen will provide us with the flexibility to build to our specifications in a location that will accommodate our needs now and in the future.”

Fidelity has committed to and expects to invest a minimum of $200 million to construct and outfit the data center. Fidelity will start construction immediately and expects the new facility to be operational in 2014. The design and construction of the facility will be in accordance with Leadership in Energy and Environmental Design (LEED) standards and will be designed to attain LEED certification.

“This project and the associated infrastructure are significant to Papillion’s growth,” said Mayor David Black, Mayor of Papillion. “Not only are we adding a good business and industry, but the water and sewer extensions can help accelerate the natural growth in the western part of our jurisdiction.”

Fidelity becomes the first firm to use the “Tier 2 Plus-Large Data Center” provision contained in the recently amended Nebraska Advantage Act. During the 2012 Legislative session LB 1118 was passed, creating an additional Tier 2 to the Nebraska Advantage incentives and providing benefits for large data center projects.

Daily News, Data Centers, Economic Development, Incentives, Taxes & Financing, Industries, Nebraska, Site Selection Factors, USA - Great Plains

Fidelity Investments, LEED, Nebraska Advantage

Sponsored Content
Featured Location

Location Spotlight: Ohio Electric Cooperatives

Ohio consistently ranks as one of the top U.S. destinations for new corporate facilities, meaning prime sites are quickly snapped up. Economic development officials and private developers are working cooperatively to ensure the pipeline of immediately-developable sites stays full with diverse location opportunities.

Featured Video

Webinars, Podcasts & Videos

Camp Hall – A Next Generation Commerce Park in South Carolina

Camp Hall is a first-of-its-kind, master-planned industrial work space located in Charleston, S.C. As a convergence of people, place and programming, Camp Hall delivers thoughtful infrastructure and logistical features that empower people — and business — to thrive.

Hear from leaders at the Destination Medical Center and Mayo Clinic Business Development in Rochester about why they feel Minnesota is filled with opportunities for founders and why investors should consider the power of startups in Minnesota.

Business Benefits In Minnesota, a Mayo Clinic Business Development and Destination Medical Center Perspective

Hear from leaders at the Destination Medical Center and Mayo Clinic Business Development in Rochester about why they feel Minnesota is filled with opportunities for founders and why investors should consider the power of startups in Minnesota.

Agricultural Heritage Meets Strong Manufacturing Base With a rich history in agriculture, the region is now made up of a strong manufacturing base, including everything from snack foods and Gatorade, to leading human resources software and revolutionary plug-less power systems for electric vehicles. Mount Rogers Regional Partnership's strategic East Coast location is the driving force.

Virginia’s i81-i77 Crossroads | Talent Retention & Manufacturing

Learn about manufacturing jobs and facilities in the Mount Rogers region of southwest Virginia. There is ample opportunity for education and jobs in a region rich with culture and heritage.

Share to...