The Elon Musk-owned and operated X, the social media company and platform formerly known as Twitter, came to the Development Authority of Fulton County on Tuesday to ask for a $10 million tax break.
The vote by board members approved the request Tuesday afternoon. Meeting records published after show the vote passed 6-2, with Kyle Lamont and Erica Long voting against the proposal.
Specifically, X Corp., as named in its filing , asked the DAFC to give it a $700 million inducement and final bond resolution so it can “acquire, install and create the next generation of high-performance computing and Artificial Intelligence products for the X platform.”
The filing for Tuesday’s meeting estimated X would save $10.125 million over a 10-year period.
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Now awarded, X said it can promise 24 high-paying jobs, 50 additional employees for four unrelated vendors to build a data center and infrastructure for the work site, and a $241.27 million economic impact over 10 years.