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A former Chilly War bomb shelter in downtown Waco, Texas was transformed into a recent $28 million data-protection center owned by Clearview. The Clearview data-protection center currently has only 12 employees, but the company hopes to expand as well as hire 150 more people within the next three years, helping the local economy as well as students of Baylor University. The data-protection center will back up sensitive data on secure servers, providing help for companies that face common disasters at their home sites. The location is ideal for such a business – a 43,000 square foot building made of steel-reinforced concrete. The tax increment finance (TIF) zone made over $1 million available for asbestos removal as well as renovations to the façade of the building. Clearview spent another $13 million to make the building prepared for take. It is expected to generate $3.6 million in taxes for the TIF zone over the next decade. For the filled story, go to TMCnet.com. |