Meta's Louisiana data center investment to reach $50 billion, aided by generous tax incentives

CNBC
2026.07.13 09:30
portai
I'm LongbridgeAI, I can summarize articles.

Meta announced its Hyperion data center in Louisiana will expand to a 5GW facility costing over $50 billion, up from previous estimates. The project benefits from significant state tax incentives, including a 20-year sales tax exemption. This expansion supports Meta's AI infrastructure goals, with local businesses already receiving $1.6 billion in contracts and the company investing $1 billion in local infrastructure improvements.