As the world’s largest social networking is reaching 1 billion users worldwide, the company is rapidly expanding its workforces. In late 2011, Mark Zuckerberg had moved most of its troops from several offices in Palo Alto to a new city which is located in the north west of Palo Alto known as Menlo Park. In census 2010, this small community recorded about 32,000 inhabitants. In coming years, Facebook workforce in the city will expand to about 6,600 people or about 20% of the total population of the city, while the current rules allowed only about 3,600 people.
Due to traffic congestion and other crowding issues, this past Thursday Facebook has agreed to pay millions of dollars to the city of Menlo Park in order to get approval from the City Council. A proposed development agreement includes funding internship and job training programs for local high school students, sponsoring affordable housing, and refining bike and pedestrian lanes.
According to mercurynews.com, Facebook must pay the city $800,000 each year for the first five years. The cost will increase to $900,000 each year for the next five years after the first five years ended. No matter what happen to the company, the social network company must pay the city for the first 10 years fees of about $8.5 million dollars. If the company will stay in the city after 10 years, the cost will increase to $1 million each year.