Apple Building New Austin Campus

Discussion in 'Cactus Cafe' started by Dionysus, Dec 13, 2018.

  1. Dionysus

    Dionysus Idoit Admin

    From the Apple Newsroom website.

    Apple to build new campus in Austin and add jobs across the US

    Cupertino, California and Austin, Texas — Apple today announced a major expansion of its operations in Austin, including an investment of $1 billion to build a new campus in North Austin. The company also announced plans to establish new sites in Seattle, San Diego and Culver City and expand in cities across the United States including Pittsburgh, New York and Boulder, Colorado over the next three years, with the potential for additional expansion elsewhere in the US over time.

    The announcement caps a year of continued job creation. Apple added 6,000 jobs to its American workforce in 2018 and now employs 90,000 people in all 50 states. As announced in January, the company is on track to create 20,000 jobs in the US by 2023. In 16 states, Apple today employs over 1,000 people.

    “Apple is proud to bring new investment, jobs and opportunity to cities across the United States and to significantly deepen our quarter-century partnership with the city and people of Austin,” said Tim Cook, Apple’s CEO. “Talent, creativity and tomorrow’s breakthrough ideas aren’t limited by region or zip code, and, with this new expansion, we’re redoubling our commitment to cultivating the high-tech sector and workforce nationwide.”

    Austin Campus

    Apple’s newest Austin campus will be located less than a mile from its existing facilities. The 133-acre campus will initially accommodate 5,000 additional employees, with the capacity to grow to 15,000, and is expected to make Apple the largest private employer in Austin.
    “Apple is among the world’s most innovative companies and an avid creator of jobs in Texas and across the country,” said Texas Governor Greg Abbott. “Their decision to expand operations in our state is a testament to the high-quality workforce and unmatched economic environment that Texas offers. I thank Apple for this tremendous investment in Texas, and I look forward to building upon our strong partnership to create an even brighter future for the Lone Star State.”

    Jobs created at the new campus will include a broad range of functions including engineering, R&D, operations, finance, sales and customer support. At 6,200 people, Austin already represents the largest population of Apple employees outside Cupertino.
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  2. Vol Horn 4 Life

    Vol Horn 4 Life Good Bye To All The Rest!

    BOOOOOOOOOOOOOOOOOOOOOO!

    I'm sick of Austin growing. Nearly 20 years ago I moved 35 miles from town thinking I was far enough away to eventually retire in peace & quiet. Now Austin is so big its invading my rural space. I mean, business out here at the ranch has never been better, but at a steep price for sure.
     
    • Like Like x 3
  3. Statalyzer

    Statalyzer 10,000+ Posts

    Are we subsidizing it?
     
  4. Monahorns

    Monahorns 5,000+ Posts

    My thought is that Apple bought the 3M site on Duval/Research. It was sold very recently.
     
  5. Vol Horn 4 Life

    Vol Horn 4 Life Good Bye To All The Rest!

    My understanding is they got state funds from the Gov Good Hair program, but no local tax breaks or funds.
     
  6. Phil Elliott

    Phil Elliott 2,500+ Posts

    Not correct, I work there (3M).
     
  7. Vol Horn 4 Life

    Vol Horn 4 Life Good Bye To All The Rest!

    I stand corrected. In my Taylor Daily Press the front page story was about this. Williamson county gave them a 65% property tax break. They have 12 years to bring on 4,000 employees.
     
  8. Monahorns

    Monahorns 5,000+ Posts

    Phil, do you work at the Duval site? I work at the Center.
     
  9. Vol Horn 4 Life

    Vol Horn 4 Life Good Bye To All The Rest!

    I was talking with a family friend who owns quite a bit of property in that area about the sale and I found out it was them who sold to Apple. I was surprised as the family is very picky about who they sell to. Not that Apple isn't a good company to sell to, but they hold on very tightly to their land to protect family long term interests. The final nudge was an agreement for a percent of Apple profits over the next 75 years. Is that common for companies to do that? I guess Apple really wanted to be in Austin.
     
    • Like Like x 1
  10. Dionysus

    Dionysus Idoit Admin

    Good for them! Very smart.
     
  11. Phil Elliott

    Phil Elliott 2,500+ Posts

    I am also at Austin Center. Are you moving to Tech Ridge in April?
     
  12. BevoJoe

    BevoJoe 10,000+ Posts

    Credits and incentives is a big and lucrative area of practice. I worked on these types projects with large manufacturing companies many years ago. It's a strategic game by looking at different sites in different states and counties to get them in a bidding war for the company to locate in their jurisdiction. Everything is on the table when negotiating with the state and local economic development agencies including free or reduced price land, property tax abatements, employment and employment tax credits, infrastructure (roads, power, water, sewage and so on), and other perks for a defined number of years. Whichever jurisdiction offers the best deal generally wins.
     
  13. BevoJoe

    BevoJoe 10,000+ Posts


    Absolutely! Its a "win-win" scenario for both Apple and the state. Downside: what happens if Apple incurs a loss?
     
    Last edited: Jan 16, 2019
  14. Vol Horn 4 Life

    Vol Horn 4 Life Good Bye To All The Rest!

    LOL, never thought about that. I think I'll ask the next time I see them.
     
  15. Monahorns

    Monahorns 5,000+ Posts

    Yes. June now.
     
  16. Phil Elliott

    Phil Elliott 2,500+ Posts

    Yeah, April was always a stretch IMO.
     
  17. SabreHorn

    SabreHorn 10,000+ Posts




    Best state in the on country to set up a new location in
     

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