Facebook boasts $519M economic impact, 900 new jobs in Sweden

Summary:Consultants projected Facebook will have impacted the Swedish economy by more than $1 billion by 2020.

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Facebook is busy defending its experiments and research practices at the moment, but the world's largest social network is promoting its benefits elsewhere.

The Menlo Park, Calif.-headquartered company released a study on Monday touting the impact of its European flagship datacenter in Luleå, Sweden.

The report, conducted by the Boston Consulting Group, covered the expanding site's impact on both local and national economies.

Based on the findings, Facebook has already made quite the impact since opening the Luleå location in June 2013 .

Results found Facebook has created approximately 900 jobs while generating roughly SEK 3.5 billion (approximately $519 million USD) during construction of the first datacenter building, which broke ground in 2011.

A second building is already on the way , and Facebook's ambitions look even bigger than that. The BCG report posited that Facebook will have made an economic impact of SEK 9 billion ($1.35 billion USD) in Sweden by 2020.

Facebook reiterated the reasons behind choosing Luleå as the site of its first European datacenter, citing the benefits of "reliable power from a renewable energy source, a cool climate that allow us to use outside air for cooling, and a strong pool of talent, including Luleå’s excellent University of Technology."

Facebook has three datacenters stateside in Oregon, Iowa, and North Carolina.

Image via Facebook

Topics: Data Management, Big Data, Data Centers, EU, Social Enterprise

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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