Where Clouds Displace Forests

Business News & Financial News (Mar 11 2010)

1. The rumble of backhoes and bulldozers on the outskirts of this city of 10,000 is sweet music to a municipality that has lost hundreds of blue- and white-collar jobs in the recession. With a combination of cheap power and favorable climate, Prineville is joining the region's new gold rush: housing electronic data. Facebook, Inc. has promised to spend $175 million over the next three years to build a 145,000-square-foot data-storage farm. The Palo Alto, CA.-based company conducted a lengthy, mostly secret, site search for its facility, selecting Prineville over such competitors as Ontario, Ore., on the state's border with Idaho, and Moses Lake, a farming town in Washington state popular with retirees. (Read Full Article)

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