Apple expanding in Texas with $304 million investment
Apple is planning a major investment in Texas, the governor's office has announced.
According to Gov. Rick Perry, Apple plans to drop $304 million into a new campus in Austin. The new facility, the governor's office said Friday, will create over 3,600 jobs in the state over the next decade and double the size of Apple's workforce across Texas. The state didn't divulge too many details but did say 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 has been a key source of jobs across the U.S. Citing a survey from Analysis Group, Apple said 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.
"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," Apple said at the time.
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 that bring companies to the state, has awarded over $443.4 million to firms since its inception in 2003. Perry's office claims these companies have created over 62,000 new jobs and more than $15.4 billion in capital investment for the state.