Microsoft Expands Mount Pleasant, Wisconsin, Data Center Operations
The company will acquire an additional 1,030 acres within Mount Pleasant Tax Incremental District No. 5, located off Interstate 94.
“Wisconsin’s strengths in workforce, infrastructure, and educational opportunities make it a great place for Microsoft to invest and grow our cloud services.?We thank the Governor for his leadership and look forward to continuing to bring positive economic impact to the state and its residents,” said Microsoft Vice Chair and President Brad Smith.
Under the terms of the amended agreement Microsoft will guarantee a minimum assessed value of $1.4 billion on its investments in Areas II and III, by 2028. That guarantee is in addition to the existing $1.4 billion minimum valuation guarantee by Foxconn in Area I. As part of these agreements, Foxconn is releasing its Developer Acquisition Rights to the land in Areas II and III that Microsoft seeks to purchase.
“We are thrilled to see a global powerhouse like Microsoft continue to see the value and benefit of growing their operations here in Wisconsin and the booming Southeast region of our state,” noted Governor Tony Evers. “We are also especially grateful for the collaboration of the many local partners that helped make this significant announcement possible. Microsoft’s injection of billions of dollars to expand its operations in Mount Pleasant will have a positive impact that will be felt in the region and across our state for years, and I cannot wait for this partnership to continue to strengthen and develop as this effort moves forward.”
The Wisconsin Economic Development Corporation (WEDC) worked closely with Microsoft. In addition Milwaukee 7 (M7) and the Racine County Economic Development Corporation assisted with the project.
“The addition of Microsoft to our state’s portfolio of blue-chip companies is a huge win for Wisconsin,” added WEDC Secretary and CEO Missy Hughes. “The data center they are building in Mount Pleasant represents an amazing opportunity for our entire state.”
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