Despite slump, Yahoo plans new operations in Neb.

Yahoo Inc. says it will invest at least $100 million in a new data center in Nebraska, creating at least 100 jobs.

The announcement Friday from the Internet company and Nebraska officials comes just days after Yahoo said it would cut at least 1,500 workers as it deals with the economic downturn.

Earlier this year, Sunnyvale, Calif.-based Yahoo applied for the biggest slate of state tax breaks available in Nebraska to help set up some operations in La Vista. Its plans include a customer service center in Omaha.

If the company goes ahead with the project, within four years it would have to invest at least $100 million and create at least 100 jobs with a minimum average salary of $68,700.

Yahoo shares were down nearly 5.5% in morning trading.

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