Facebook, California city in new deal

Advertisement
By Associated Press | Updated: 5 June 2012 00:39 IST
Highlights
  • The Menlo Park City Council approved a Facebook deal that will allow the company to bring in thousands of more employees.
A Silicon Valley city where Facebook recently opened its new headquarters approved a deal that will allow the company to bring in thousands more employees.

The Menlo Park City Council unanimously agreed Tuesday to let the social networking giant make annual payments totaling nearly $10 million to cover the impact that the influx of new workers will have on city infrastructure.

Facebook will also pay for more than $1 million in capital improvements, such as pedestrian and bicycle paths, and set up high school internship and job training programs. The agreement establishes a $500,000 fund for the nearby city of East Palo Alto, where unemployment is high and the median income is low.

In exchange, Menlo Park will expedite permits and not levy unexpected city fees on the company.

Residents who attended the Tuesday night meeting urged city leaders to approve the deal.

"Usually a city has to put out lures and enticements" to attract companies such as Facebook, said Louise DeDera, a member of the city's Allied Arts Guild. "Don't be greedy."

Facebook wants to employ about 6,600 people on its 57-acre, nine-building campus. It needed the city's approval to exceed the limit of 3,600 employees that was placed on the previous occupant, Sun Microsystems.

Facebook eventually wants to expand and build a west campus across the street to make room for a total of 9,400 employees.

The increased traffic along a major road running between Highway 101 and the new headquarters along San Francisco Bay has been a key issue among residents. Facebook has said it will encourage employees to carpool, take public transit or walk or bike to work.

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement
Popular Mobile Brands
  1. Lava Virat Curve vs Poco M8 Power vs Vivo T5 Lite:
  2. Best Camera Phones Under Rs 75,000 in India
  3. How to Change Jio Prepaid Plan: A Step-by-Step Guide
  4. Samsung Galaxy S26 FE vs Oppo Find X9s vs Vivo V70 Elite Compared
  5. Best Gaming Phones Under Rs. 80,000 in India
  1. Magic Eden Investigates Possible Exploit After NFTs Move for 0 ETH
  2. Amazon Great Indian Festival 2026: Early Deals Are Now Live on OnePlus N6x, iQOO Z10 Lite 5G, and More
  3. Marking 12 Years of Make in India, Gov't Targets the Brains Inside Our Smartphones
  4. Google Photos Update Brings Redact Tool, Moods and AI Wardrobe
  5. Halo Studios Reportedly Has Around 30 Employees Left After Layoffs as Activision Takes Charge of Franchise
  6. KelpDAO Sues LayerZero Over $292 Million rsETH Exploit, Claims Bridge Risks Were Not Disclosed
  7. OpenAI Plans to Launch a New Cybersecurity-Focused GPT-6 Series AI Model: Report
  8. Vivo V80 Price in India Leaked Ahead of October 6 Launch: What You Need to Know
  9. Infinix GT NX Controller With Pixel-Level FPS Touchpad, GT NX Station Cooling Dock Unveiled
  10. Bitget Suffers $351.6 Million Security Breach, Exchange Says No Private Keys Were Leaked
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.