Facebook Gets Permission to Expand Headquarters in Menlo Park
May 30, 2012 3:33 PM
Menlo Park city council approved an environmental impact report and developmental agreement for a project that will bump the number of employees up to about 6,600
the green light to expand
its headquarters in Menlo Park, California to boost its head count over 6,000 employees.
Currently, the social network has 2,200 employees in Menlo Park. But yesterday, the Menlo Park city council approved an environmental impact report and developmental agreement for a project that will bump that number up to about 6,600.
All five city council members voted yes at the meeting last night.
"The bottom line is that we have a development agreement with Facebook that we're excited about," said Kirsten Keith, mayor of Menlo Park. "We're excited to have Facebook as our neighbors. I am pleased with what we have come up with."
Facebook will pay Menlo Park $850,000 per year for a 10-year period to cover the impact of the additional workers. It will also pay a one-time fee of over $1 million for capital improvements.
In addition, Facebook plans to establish a $500,000 community improvement fund, high school internship programs and job training seminars.
The social giant is also looking to build a new campus, which is a 22-acre site across the Bayfront Expressway. The site is to include could include five new buildings total, and it will be connected to the current Menlo Park campus via an underground crossing. Both campuses combined will likely have around 9,400 employees, and it should be complete in 2014.
All of the new changes to Menlo Park have concerned neighboring cities like Atherton, which said traffic at intersections could be an issue with all of the new employees. Both cities are currently in talks trying to come up with an agreement. Facebook offered suggestions such as employee carpool options.
Expanding its headquarters isn't the only big news Facebook has revealed recently. The social network launched the largest IPO in history this month, which valued the company at over
. Facebook also announced that it plans on creating
its own smartphone software
by next year and may
purchase Opera Software
for $1 billion.
The Los Angeles Times
"Can anyone tell me what MobileMe is supposed to do?... So why the f*** doesn't it do that?" -- Steve Jobs
Report: Facebook May Purchase Opera for $1 Billion, Improve Mobile Experience
May 29, 2012, 10:07 AM
Report: Facebook to Launch Phone "By Next Year", Eyes HTC Purchase
May 28, 2012, 12:00 PM
Facebook Shares Will Open at $38 USD
May 17, 2012, 6:20 PM
Facebook IPO Exceeds $100 Billion Mark
May 15, 2012, 10:37 AM
The USA’s newest weather satellite sends first photos.
January 24, 2017, 6:41 AM
Netflix took a decision to invest in original content
January 19, 2017, 7:00 AM
Amazon Airborne Fulfillment Center – Your Merchandise Drop-Shipped from the Clouds
December 29, 2016, 5:00 AM
Amazon is experimenting with a new kind of grocery stores, Amazon Go
December 8, 2016, 5:00 AM
Google has developed Deep Learning Algorithm to detect Diabetic Eye Disease
December 4, 2016, 5:00 AM
Google plans ultra-fast wireless Internet for Research Triangle Park, N.C.
August 12, 2016, 6:30 AM
Most Popular Articles
Android Instant Tethering Only Works for Pixel and Nexus Handsets
February 13, 2017, 7:30 AM
New iMac and Release Date
February 4, 2017, 9:30 AM
Intel Core vPro – Upgrade to 4 GHz Business Class
February 13, 2017, 6:41 AM
LG G6 – The Latest Flagship Smartphone by LG for 2017
February 14, 2017, 7:05 AM
HP Spectre x360 – 4K Brilliance and Long Battery Life
February 11, 2017, 7:22 AM
Latest Blog Posts
Around the World
Feb 18, 2017, 5:48 AM
News of Future
Feb 17, 2017, 6:30 AM
Amazon parachutes May Float Packages to Customers
Feb 16, 2017, 8:00 AM
Now you Can Watch Facebook on Your TV
Feb 15, 2017, 7:42 AM
Feb 14, 2017, 5:36 AM
Razer Blade Stealth – Little Kaby Lake Powerhouse
Feb 13, 2017, 7:50 AM
Android 7.0 Nougat 7.0 Update Bring Less Battery Life for Samsung Galaxy S7 & S7 Edge
Feb 12, 2017, 7:45 AM
Apple iPhone 8 – OLED Display & Wireless Charging
Feb 11, 2017, 8:09 AM
Feb 10, 2017, 6:15 AM
Feb 9, 2017, 6:00 AM
Eye catching news
Feb 8, 2017, 6:16 AM
Some World News
Feb 7, 2017, 6:15 AM
Feb 6, 2017, 10:11 AM
Feb 5, 2017, 7:27 AM
Notes and News
Feb 4, 2017, 5:53 AM
Feb 3, 2017, 5:30 AM
Feb 2, 2017, 7:00 AM
News Around The World.
Feb 1, 2017, 7:20 AM
Jan 31, 2017, 7:57 AM
Tips of Today
Jan 30, 2017, 6:53 AM
What is new?
Jan 29, 2017, 6:26 AM
More Blog Posts
Copyright 2017 DailyTech LLC. -
Terms, Conditions & Privacy Information