Gov. Dave Heineman announced Friday that Fidelity Investments, one of the world's largest providers of financial services, will be moving to the city of Papillion with its new data center.
Once the data center is completed, 30-35 new jobs will be created in the area. Construction is planned to start immediately and is expected to be open by 2014. Fidelity has committed to spending a minimum of $200 million to build and outfit the center.
"Fidelity is pleased to be in Nebraska," said Steve Scullen, president of Corporate Operations for Fidelity Investments. "The state is an extremely attractive market for data center expansion and we'd like to thank Governor Heineman and other state, regional and local officials for being so cooperative and such great partners throughout this process. We believe the site we've chosen will provide us with the flexibility to build to our specifications in a location that will accommodate our needs now and in the future."
The company said the state's low power rates and central U.S. location were key factors in its decision to locate in Nebraska, as well as the array of available incentives.
"This project and the associated infrastructure are significant to Papillion's growth," said Mayor David Black. "Not only are we adding a good business and industry, but the water and sewer extensions can help accelerate the natural growth in the western part of our jurisdiction."
Fidelity becomes the first firm to use the "Tier 2 Plus-Large Data Center" provision contained in the recently-amended Nebraska Advantage Act. During the 2012 Legislative session LB 1118 was passed creating an additional Tier 2 to the Nebraska Advantage incentives, providing benefits for large data center projects.
"To have Fidelity Investments, an outstanding company, utilize the Nebraska Advantage incentive helps us set the bar for other quality companies weighing location considerations for future data center projects," said Gov. Heineman. "I am especially pleased that the Nebraska Department of Economic Development, in partnership with Sarpy County, the City of Papillion, Greater Omaha Economic Development Partnership and Omaha Public Power District, was able to meet Fidelity's needs."