Google to invest $9.5 BLN in US offices

Alphabet Inc’s Google said that it plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year. Google said that the investment will create at least 12,000 full-time jobs in 2022 and focus on data centers in several states including Nevada, Nebraska and Virginia. The company will open a new office in Atlanta this year, and expand its data center in Storey County, Nevada.

Google said that it might seem counterintuitive to step up our investment in physical offices even as they embrace more flexibility in how they work. Yet they believe it is more important than ever to invest in their campuses. Google has been trying to bring back its employees to some of its offices in the United States, the UK and Asia Pacific by mandating working from office for about three days a week.

This is a step to end policies that let employees work remotely because of COVID concerns. Google will continue to invest in offices in its home state of California and support affordable housing initiatives in the Bay Area as part of its $1 billion housing commitment. Last year, according to its 2021 economic impact report, Google helped provide $617 billion in economic activity for U.S. businesses, creators and developers.