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Retail giant receives data center incentive

Wal-Mart stores received the incentive from the county in order to encourage the company to build a new data center in Colorado Springs.

According to reports from Stocks & Shares TV, the center is reportedly set to cost Wal-Mart around $175 million.

Nicola Sapp, county budget officer, commented: "We would be recognizing that the Wal-Mart Stores Inc.'s data center would generate that much and more, for a total economic impact way beyond the rebates."

She added that this is "completely performance-based and opens up new jobs" in an area that is doing what its can to attract and retain positions.

A data center could be a suitable solution since the sector is continuing to grow as data-storage needs increase.

Wal-Mart is based in Arkansas but is a multinational retail giant, which owns stores including UK's Asda chain.  ADNFCR-2366-ID-800562575-ADNFCR

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