A new company is planning a data center outside Austin, Texas.
Connect CRE, BizJournal, and others report Taylor City Council last week granted unanimous approval to give Austin-based Blueprint Projects tax breaks on a proposed data center project in the city of Taylor.
The company aims to develop a data center on land owned by the Taylor Economic Development Corp. at 1601 Martin Luther King Jr. Drive in Williamson County, northeast of Austin.
The company aims to invest $10 billion in developing a 52-acre site. Due to start construction next year, each phase would comprise 45,000 sq ft (4,180 sqm), totaling 135,000 sq ft (12,540 sqm) at full build-out.
That $10 billion figure would reportedly be spent over 10 years, including on staff and equipment.
Blueprint would be required to invest at least $225 million and five jobs to qualify for a 10-year, 50 percent rebate of taxes on the tangible property for each phase of construction. A separate agreement with the city and TEDC provides a 50 percent rebate of the local use tax collected on materials used for construction. The agreement was reportedly known as “Project Sam.”
Founded last year, Blueprint Projects aims to develop AI data centers. According to its website, its first development is a 10MW project outside Austin, with potential to grow to 30MW. Further details haven’t been shared.
Blueprint is led by Yaerid Jacob, who has previously held roles at oil and gas engineering firm Triune Energy Services, Bank of America Merrill Lynch, and Bechtel.
“We are honored and grateful to be partnering with the TEDC and the City of Taylor and to have been awarded incentives to build our data center in Taylor, Texas,” the company said in a statement to BJ, adding that they “look forward to supporting the city's rapid and exceptional growth story.”
"Projects like these grow our local tax base and are a huge win for the City, County, and School District," Betty Day, chair of the TEDC's board of directors, said in a statement.
