NEW ALBANY, Ohio (AP) — Facebook will invest $750 million in a new data center in central Ohio, the company announced Tuesday — marking another boost for the state's growing technology sector.The world's biggest social media company joined Republican Gov. John Kasich and a host of other dignitaries to announce its 10th data center will be on a 345-acre site in New Albany, just northeast of Columbus.Rachel Peterson, the company's director of data center strategy and development, said several factors attracted Facebook to the location, including fiber and power infrastructure, government support, livability and the availability of high-tech talent.Facebook has been adding data centers in the U.S. and internationally to handle the growing number of photos, videos and additional digital content it must process from its 2 billion users.
NYS Entity Status
NYS Filing Date
APRIL 07, 2014
NYS DOS ID#
INCORP SERVICES, INC.
ONE COMMERCE PLAZA
99 WASHINGTON AVE., STE 805-A
ALBANY, NEW YORK, 12210-2822
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2014 - FACTOR X DEVELOPMENT, LLC
AROUND THE WEB
- New Facebook data center a boost to Ohio's technology sector
By JULIE CARR SMYTH, Associated Press - Tuesday Aug 15, 2017
- Critics throw shade at Cuomo's plan to light NYC bridges
By DAVID KLEPPER, Associated Press - Sunday Aug 13, 2017
ALBANY, N.Y. (AP) — Critics are throwing shade at Gov. Andrew Cuomo's pricey plan to install high-tech, color-changing lights on New York City's bridges, questioning whether the investment is the best use of public money.A government watchdog group this month called for a state probe into what it says are conflicting explanations for how much the lights cost and where that money will come from.De Blasio, who has frequently sparred with his fellow Democrat, urged Cuomo to reallocate the money for emergency repairs on the subway system, which has been plagued by mounting delays, derailments and other problems caused by decades of neglect.Despite initial reports that the Metropolitan Transportation Authority would foot the bill, the state now says the money will come from economic development funds and proceeds from the state's Power Authority, which often works on big energy efficiency projects.
- Facebook’s new data center a boost to Ohio technology sector
By Julie Carr Smyth - Tuesday Aug 15, 2017
Facebook will spend $750 million on a new data center in central Ohio, the company announced Tuesday — marking another boost for the state’s growing technology sector.The world’s biggest social media company joined Republican Gov. John Kasich and a host of other dignitaries to announce that its 10th data center will be in New Albany, just northeast of Columbus.The 22-acre data center will be powered exclusively by renewable energy.Rachel Peterson, the Menlo Park company’s director of data center strategy and development, said several factors attracted Facebook to the location, including fiber and power infrastructure, government support, livability and the availability of high-tech talent.Facebook has been adding data centers in the U.S. and internationally to handle the growing number of photos, videos and additional digital content it must process from its 2 billion users.The Ohio project was code-named Sidecat as it moved through the successful application process for $37 million in state tax incentives.“It continues to show not just the Silicon Valley, but job creators all over the country, that, hey, you know what, something must be happening in Ohio,” the Republican congressman said, noting the hope that a synergy is beginning to build.
- A Handmaid’s Tale of Protest
By CHRISTINE HAUSER - Friday Jun 30, 2017
In state capitals and street protests, women’s rights activists have been wearing red robes and white bonnets based on “The Handmaid's Tale,” the 1985 novel that is now a series on Hulu.
- Giants cut down the pranks but ramp up the dancing in camp
By Paul Schwartz - Monday Aug 7, 2017
Back when the Giants held training camp at the University of Albany, the camaraderie of the team often developed in the dorm rooms, where pranks and unwinding was a fixture of summer. Nowadays, the Giants hold camp at their team facility and players spend their nights at the team-designated hotel. Thus, the advent of expansive...
- Big Data tells mortgage traders an amazing amount about you
By Matt Scully - Friday Jun 30, 2017
The New York startup sucks in data from marketing firms, public loan filings, courthouses and dozens of other sources, and sells it to mortgage bond and loan traders.The vivid detail the company turns up — the types of stores borrowers tend to shop at and whether they rent out their homes on Airbnb, for example — may unsettle privacy advocates, but it’s a boon for investors trying to figure out how likely homeowners are to pay their obligations.Across the world of finance, startups are using big data to try to improve Wall Street’s success with everything from consumer lending to stock trading.The average fund manager can gain 0.4 to 0.7 percentage point of return by using more intelligent data when trading mortgages, at least for home loans that haven’t been bundled into securities, according to John Ardy, CEO of Resitrader, an institutional marketplace for home loans.“We’re concerned about how this information is shared, and how it can have adverse consequences for individuals without their even realizing it,” said Lee Tien, a senior staff attorney at the Electronic Frontier Foundation, a nonprofit focusing on civil liberties.[...] money managers using information they get from TheNumber could face accusations of discriminating against borrowers based on race or religion if it turns out the factors the company looks at tend to single out particular types of people, said Frank Pasquale, a professor at the University of Maryland’s Francis King Carey School of Law.Fund managers that use TheNumber are typically buying subprime mortgages, many of which have defaulted.TheNumber tries to determine how much pride a homeowner probably has in his or her property, based on information it gleans from third parties, such as whether the resident tends to click on online ads from home improvement and gardening stores.Experian, for example, tries to make sure investors can’t readily determine borrowers’ identities when it hands out mortgage data, said Michele Raneri, a vice president of analytics and new business development at Experian.Added information about borrowers could boost transparency in the mortgage bond market, where getting information about creditworthiness and prices can be much harder than in other debt markets.“Investors in every other market get to see what they are buying — but not mortgage bond investors,” said Adam Murphy, founder of Empirasign Strategies LLC, a trading data firm for mortgage bond professionals.