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Xiolink gets US$850K in state tax credits to rehab building

St. Louis IT firm Xiolink will receive nearly US$850,000 in state brownfields tax credits to help rehab its new space at 1111 Olive in downtown St. Louis, the Missouri Department of Economic Development has announced.

 

DED director David Kerr visited the company’s headquarters downtown to announce the award, which will help fund an US$11.75 million project to rehab the five-story building to house a data centre and hosting services. The building, which used to house Post-Dispatch printing presses, is contaminated with lead paint and asbestos.

 

Source: STL Today

 

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