Apple Plans to Expand Operations in Texas
New jobs from a notable company will be created in Texas.
Apple plans to build a new campus in Austin that is expected to create more than 3,600 new jobs, more than doubling the size of their workforce in Texas over the next ten years.
The company is expanding operations in the areas of customer support, sales, and accounting functions. In return, the State of Texas has offered Apple a $21 million investment over a decade.
“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,” said Governor Rick Perry. “Investments like this further Texas’ potential to become the nation’s next high-tech hub.”
The State investment funds come from the Texas Enterprise Fund, which is used as a tool to recruit and bolster business. The TEF was created by the Texas Legislature in 2003, and has invested more than $443.4 million, and has helped on projects generating more than 62,000 new jobs and over $15.4 billion in capital investment.