The tech giant expects this investment to create some 12,000 full-time jobs and boost the economy of local communities.
Google plans to invest $9.5 billion in its US offices and data centers over the next year.
The tech giant expects to create at least 12,000 new full-time jobs by the end of the year alongside this investment, expanding its 94,000 full-time employees across the country.
Over the past five years, Google said it has invested more than $37 billion in its offices and data centers in 26 US states, creating 40,000 jobs.
The new investment plan was shared today (April 13) by Alphabet and Google CEO Sundar Pichai, who said Google’s offices and data centers contribute to local economies and “provide vital anchors to our local communities.”
“It may seem counterintuitive to ramp up our investments in brick-and-mortar offices even as we embrace greater flexibility in the way we work,” Pichai said in a blog post. The company is currently implementing a hybrid work model where most staff will be physically in offices at least three days a week.
“Still, we believe it is more important than ever to invest in our campuses and that this will lead to better products, a higher quality of life for our employees and stronger communities,” added Pichai.
The investment plan includes multiple locations, including new offices in Austin and Atlanta, investments in data centers in the US and ongoing housing support in California.
Google made a $1 billion housing pledge in the Bay Area in 2019 to help create at least 20,000 homes of varying income levels. Pichai also said in a 2019 interview with the Irish Independent that subsidizing general housing in Dublin is something the company would consider.
Google’s CEO said the company expects thousands of jobs will be indirectly created in local communities across the US as a result of the new investment. He cited research from the Bay Area Council Economic Institute that said creating one job at a high-tech company could lead to four jobs in the local economy.
Pichai also discussed the tech giant’s environmental plans, including the goal to have all of its offices and data centers use carbon-free energy by 2030.
Yesterday (April 12), Google parent company Alphabet announced it is partnering with Stripe and others to accelerate the development of permanent carbon removal technology. The companies plan to initially commit $925 million over the next nine years to procure carbon removal from suppliers developing and scaling new technologies.
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Sundar Pichai at the 2020 World Economic Forum Annual Meeting Image: World Economic Forum/Greg Beadle via Flickr (CC BY-NC-SA 2.0)