Tim Cook: Apple will invest $1.3 billion in Iowa

Apple will build a new data center in America's heartland.

CEO Tim Cook made the announcement from Des Moines, Iowa on Thursday. The company plans to build a $1.3 billion facility in Waukee, which is about 20 minutes outside the state's capital.

The project is expected to create 50 permanent jobs. Cook said it will help power Apple's App Store.

"This new data center will play a very important role in the App Store's continued success. And as the App Store grows, we look forward to growing in Iowa," Cook said.

The decision was lauded by Iowa Governor Kim Reynolds, a Republican.

"For the past 20 months, Apple has been searching for the perfect location, and I am so proud to say they found it right here in Iowa," she said.

Apple already has data centers in California, Oregon, Nevada and North Carolina.

-- CNNMoney's Seth Fiegerman contributed to this report.

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