"We see it in Iowa's world-class power grid and a focus on renewable energy that's a model for the entire nation", Cook said.
Tech giant Apple is looking to build its newest data center within the city limits of Waukee. Apple already supports 10,000 jobs in Iowa, many of whom are developers, Cook said. The 400,000-square-foot center will be used to support iMessage, Siri, the App Store and other Apple services in North America. The first project the fund will support is construction of the Waukee Youth Sports Campus featuring a greenhouse, playground, fishing pier and fields for high school and public sporting events.
In addition to the promised 50 jobs, Apple has agreed to buy 2,000 acres of land for the $1.4 billion project, enough to allow for future development, said Debi Durham, the state's economic development director.
State and local authorities have collectively approved roughly $208 million in tax incentives for the project.
Another Apple rendering for the project
"Every day they make it possible for Apple users to send tens of billions of messages, to save more than a billion photos, and to place tens of millions of Facetime video calls", Cook said.
Reynolds, speaking briefly to reporters after the announcement, defended the use of the state's $19.6 million in tax credits at a time when the state budget shortfall that may require a special legislative session to address, saying it's a minimal investment for the return Iowa will get. "This investment in our state is vital as we continue to develop as a technology hub and grow our workforce".
The CEO said data centers form the backbone of the innovation infrastructure.
In Iowa, Apple is expected to start construction early next year, and the center should be up and running by 2020.
Tina Hoffman, spokeswoman for the Iowa Economic Development Authority, told The Washington Post that building the project will bring more wealth to the community.More news: Nadal, Pliskova get matches rained out in Cincinnati
More news: Taylor Swift Reveals Name of Sixth Album, First Single Out Thursday!
More news: HTC Confirms Android Oreo Update for HTC 10, U11, and U Ultra