Sat, Oct 25, 2014 23:24
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Apple to Create 3,600 New Jobs in Austin

Texas Business reports:  Apple will expand its presence in Texas with a $304 million investment in a new campus in Austin that will create more than 3,600 new jobs.

The new campus will more than double the size of Apple's workforce in Texas over the next decade, supporting the company's growing operations in the Americas with expanded customer support, sales and accounting functions for the region.

In exchange for Apple's commitment to create these new jobs in Texas, the state has offered Apple an investment of $21 million over ten years through the Texas Enterprise Fund (TEF).

The fund offers companies incentives to invest in Texas. When completed, it will be one of the largest job creation projects in TEF history, and one of the largest capital investments by a TEF recipient.

The agreement is contingent upon the finalization of contracts and a local incentive agreement with the City of Austin and Travis County.

The Legislature created the TEF in 2003 and re-appropriated funding in 2005, 2007, 2009 and 2011 to help ensure the growth of Texas businesses and create more jobs throughout the state.