Apple to spend $304M on new Austin, Tex., campus, creating 3600 new jobs

[n2doc]

By AppleInsider Staff

Published: 11:03 AM EST (08:03 AM PST)
Apple plans to invest $304 million on a new campus in Austin that will create 3,600 new jobs and double the size of its workforce in Texas.

Apple's plans were revealed on Friday by the office of Gov. Rick Perry, which revealed the state will award Apple $21 million over 10 years through the Texas Enterprise Fund. In return, Apple will expand its customer support, sales and accounting functions in the region.

"Apple is known for its bold innovation and game-changing designs, and the expansion of their Austin facility adds to the growing list of visionary high-tech companies that have found that Texas' economic climate is a perfect fit for their future, thanks to our low taxes, reasonable and predictable regulations, fair legal system and skilled workforce" Perry said. "Investments like this further Texas' potential to become the nation's next high-tech hub."

The Texas Enterprise Fund offers companies incentives to invest in Texas. The new partnership with Apple will be one of the largest job creation initiatives in TEF history, and one of the largest capital investments by a TEF recipient.

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http://www.appleinsider.com/articles/12/03/09/apple_to_spend_304m_on_new_austin_tex_campus_creating_3600_new_jobs.html

[SammyWinstonJack]

1. What's in it for pRick Perry? How much did he sell us out for?

[ceile]

5. Bingo.

What's his kick back this time?

[hobbit709]

6. And how many of those jobs will be paying a decent wage.

My guess is a very low percentage except for a few management types.

[denverbill]

2. It's a shame Apple can't afford to do this without a $21 million bribe.

Seeing as how they are the most profitable corporation in the world, it's odd they need a subsidy.

[n2doc]

8. They don't need it. But Texas is willing to pay, so they will take it.

People seem to forget that Apple is a giant corporation. They aren't into altruism.

[Snake Alchemist]

3. Why not build this in MI and employee union labor? nt

[Dreamer Tatum]

4. Because Apple is virulently anti-union, duh nt

[Enrique]

7. sounds like "socialism"

"picking winners and losers", "crony capitalism", etc.