EconomicDevelopment
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Apple buying land for expansion in Austin, Texas
In May of this year, Apple worked with local and state officials in Texas to secure an economic development package with the promise of expanding its presence in the city of Austin. Now the company is following up on its promise, buying up land in Austin to begin the expansion. The Austin Business Journal reported that Apple purchased three tracts of land adjacent to the current campus at 12545 Riata Vista Circle. While the acreage and purchase price are unknown, Apple plans to build facilities on the site for sales, customer support, and accounting employees. Almost 3,700 new jobs are expected to be created by 2025. It's expected that Apple will soon begin construction on a 800,000-square-foot office complex to house the new employees at a cost of about US$226 million.
Daily Update for May 2, 2012
It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get all the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world. You can listen to today's Apple stories by clicking the inline player (requires Flash) or the non-Flash link below. To subscribe to the podcast for daily listening through iTunes, click here. No Flash? Click here to listen. Subscribe via RSS
Travis County Commission OK's Apple's Austin, Texas expansion plans
As expected, the Travis County (TX) Commission has approved an economic development package for Apple to spur the development of jobs in Austin. The package was approved last night by a 4-to-1 vote, and is expected to bring new jobs to Austin in return for US$5.4 to $6.4 million in tax rebates. In return, Apple will make an expected $282.5 million investment in Austin. The company has also received an $8.6 million economic development grant from the city of Austin, as well as a similar $21 million grant from the Texas Enterprise Fund. The incentives were key to Apple basing its Americas Operation Center in Austin, which is expected to add about 3,600 new jobs to the existing 3,100 who currently work at the Northwest Austin campus. Apple state and local governmental affairs manager Jason Lundgaard, who attended the Commissioners Court meeting last night, said that the company plans to work with the county to hire economically challenged individuals.
