Google to Invest $13 Billion in U.S. Real Estate, Data Centers, Offices -- Update

Date : 02/13/2019 @ 7:13PM
Source : Dow Jones News
Stock : Alphabet Inc. (GOOGL)
Quote : 1202.46  13.91 (1.17%) @ 8:30PM

Google to Invest $13 Billion in U.S. Real Estate, Data Centers, Offices -- Update

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   By Stephen Nakrosis 
 

Google Inc. Chief Executive Officer Sundar Pichai, on Wednesday said the company was planning to spend $13 billion this year on data centers and offices across the U.S.

The program calls for major expansions in 14 states, and will allow Google to "hire tens of thousands of employees, and enable the creation of more than 10,000 new construction jobs in Nebraska, Nevada, Ohio, Texas, Oklahoma, South Carolina and Virginia.

Mr. Pichai said 2019 will mark the second year in a row Google will grow faster outside the San Francisco Bay Area than in it.

The company will develop new data centers in Ohio, Nebraska, Texas, and Nevada. Data center expansions are expected in Oklahoma and South Carolina. As part of the company's commitment to using renewable energy, Google will make "significant renewable energy investments," Mr. Pichai said.

The company will double its workforce in Virginia and Georgia, and new developments are slated for Washington state, California, Massachusetts, Texas, and Maryland, among other states.

The new investments will give Google real estate assets in 24 states, including data centers in 13 communities, Mr. Pichai said on his blog.

Over the last year, Google had made over $9 billion in investments and hired over 10,000 people in the U.S.

Alphabet Inc. (GOOG), which is located in Mountain View, California, is the parent company of Google.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

February 13, 2019 13:58 ET (18:58 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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