The local government is said to be offering Apple a $89 million tax break which will apparently reduce the company's tax burden for the project by 79 percent, according to an by Phoenix-based .

If the local governments approve the deal Apple's effective sales tax rate will be less than 1 percent, according to a .

Part of the tax breaks is a reduction on 85 percent of the personal property tax for 10 to 30 years.

The project will create $343 million in economic impact, according to a study. Some 580 construction jobs will be generated, along with 41 jobs at the data center once it is completed.

Greg Ferraro, who is representing Apple, told county commissioners: "This is the most significant economic news we've had in our region in over 15 years."