Tuesday, March 13, 2012

Apple expanding in Texas with $304 million investment

The company will also receive a $21 million grant from the Texas Enterprise Fund to aid in the cost of the new campus in Austin.

Apple's headquarters in Cupertino, Calif.

Apple's headquarters in Cupertino, Calif.

(Credit: Daniel Terdiman/CNET)

Apple is planning a major investment in Texas, the governor's office announced recently.

According to Republican Governor Rick Perry, Apple plans to drop $304 million into a new campus in Austin. The new facility, the governor says, will create over 3,600 jobs in the state over the next decade, and double the size of Apple's workforce across Texas. Gov. Perry didn't divulge too many details, but did say that the facility will be used to expand "customer support, sales, and accounting functions."

Apple's major investment might lend a bit more credence to the company's claims earlier this month that it was a key source of jobs across the U.S. Citing a survey from Analysis Group, Apple said that it has either "created or supported" 514,000 positions across the U.S. Out of that, 47,000 people are actually employed by the company.

"Throughout our history, Apple has created entirely new products--and entirely new industries--by focusing on innovation," Apple said at the time. "As a result, we've created or supported more than 500,000 jobs for U.S. workers: from the engineer who helped invent the iPad to the delivery person who brings it to your door."

To help sweeten the pot for its latest deal, Apple was given $21 million from the Texas Enterprise Fund. The fund, which is used to close deals related to bringing companies to the state, has awarded over $443.4 million to firms since its inception in 2003. Gov. Perry's office claims that those companies have created over 62,000 new jobs and more than $15.4 billion in capital investment for the state.

Source: http://news.cnet.com/8301-13506_3-57395246-17/apple-expanding-in-texas-with-$304-million-investment/?part=rss&tag=feed&subj=TheDigitalHome

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