Apple plans new $1bn campus plus big United States job growth


Apple has announced plans to build a new campus in Austin, Texas, saying the project will involve a $1bn (£790m) investment. Legislative leaders rolled new incentives into the state budget, saying at the time that they were meant to help land a "major jobs announcement" in the coming months.

Apple Inc. said it would invest $1 billion to expand its operations in Austin by constructing a new employee campus in the area, large enough to house 15,000 additional employees.

Apple's existing facility in north Austin has more than 6,000 workers, the most outside its headquarters in Cupertino, California.

Apple's new Austin campus will be less than a mile from the existing one and will be spread across 133 acres, the company said in a statement.

The San Diego, Seattle and Culver City sites would each have more than 1,000 workers, Apple announced. The tax cut on overseas profits prompted the company to bring about $250 billion back to the US, freeing up money for more investments and higher dividends for Apple shareholders. The iPhone maker is building a new $1 billion campus in Austin, Texas, and it is also setting up a large office in Seattle. After many small cities spent millions to lure the company, it went with New York City and the Virginia suburbs of Washington, DC. Apple already has two offices in the city - and will initially hire 5,000 workers. It also plans to expand in other US cities, including Pittsburgh, New York and Boulder, Colorado, over the next three years, "with the potential for additional expansion elsewhere".

The Austin expansion will continue Apple's trend of building offices that run entirely on renewable energy.

Apple's Reno data center is one marked for expansion.                  Image Apple
Apple's Reno data center is one marked for expansion. Image Apple

Apple could be getting some incentives for the Austin expansion in the form of a $25 million grant from the state of Texas, a source familiar with the matter said.

Apple CEO Tim Cook presents new products, including new Macbook laptops, during a special event at the Brooklyn Academy of Music, Oct. 30, 2018, in NY. The president has also warned of tariffs on iPhones and other Apple products imported from China.

And while Amazon chose Raleigh as one of the 20 finalists cities for HQ2, that company cooled its interest on the region after visiting in March.

Last year, Apple moved into its sleek "spaceship" campus in Cupertino that cost about $5 billion.

"We know that we are a place for high tech and we are excited about the fact that already this year we are headed to 18,000 jobs being announced", Cooper said. In fact, hiring for the company in Austin is up 76% since August based on number of job listings at Apple's own careers site.

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