Facebook Gets Permission to Expand Headquarters in Menlo Park
May 30, 2012 3:33 PM
comment(s) - last by
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
This article is over a month old, voting and posting comments is disabled
6/1/2012 9:32:25 AM
I don't disagree with any of your points. I'm a proud Texan myself and we do have great people and resources here. However I do acknowledge the OP's point that CA certainly has some appeal or businesses would not continue to be there. I think they are shooting themselves in the foot in the long run, but for now there is certainly a large number of tech companies still headquartered in CA.
And maybe I should have said, dirt cheap tech savvy workers :)
"Mac OS X is like living in a farmhouse in the country with no locks, and Windows is living in a house with bars on the windows in the bad part of town." -- Charlie Miller
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
Google plans ultra-fast wireless Internet for Research Triangle Park, N.C.
August 12, 2016, 6:30 AM
Twitter Senior VP: "Diversity is Important, But We Can’t Lower the Bar"
November 9, 2015, 9:59 AM
CNN Resorts to Internet Censorship to Promote Clinton Over Senator Sanders
October 15, 2015, 2:47 PM
Breaking Bad: How to Crash Google's Chrome Browser With Just 8 Characters
September 23, 2015, 11:08 AM
Quick Note: Amazon UK Offers £10 Back on Any Order £50 or Over
August 3, 2015, 12:05 PM
Editorial: Reddit Allows Itself to be Hijacked as a Hate Platform For Racist Bigots
July 21, 2015, 6:32 PM
Most Popular Articles
Update: Problem-Free Galaxy Note7s CPSC Approved
September 22, 2016, 5:30 AM
FDA Cleared, Shockwave Lithoplasty for Peripheral Vascular Disease
September 22, 2016, 5:45 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM
Are you ready for this ? HyperDrive Aircraft
September 24, 2016, 9:29 AM
Smartphone Screen Protectors – What To Look For
September 21, 2016, 9:33 AM
Latest Blog Posts
Burlington Gun Attack
Sep 27, 2016, 5:00 AM
Who is in Risk of Getting Oral Cancer?
Sep 23, 2016, 6:02 AM
France Bans Plastic Eating Utensils in Restaurants
Sep 18, 2016, 10:49 AM
Progress Against Acute Myeloid Leukemia
Sep 17, 2016, 5:30 AM
Apple Watch Series 2 - Number 1 in the Customer Satisfaction.
Sep 7, 2016, 6:19 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information