Friday, March 9, 2012

Apple Builds New Facility in Austin

A+ Apartments CardGovernor Rick Perry announced today that Apple is going to spend $304 million on a new campus that will hold 3,600 new workers, doubling the company's operations in Texas.  The new  facility will house expanded customer support, sales and accounting functions for the Americas and will be built on 40 acres adjacent to Apple's current offices in North Austin.  KXAN.com reports that the Austin campus currently employs more than 3,500 people.

The state is throwing in $21 million in incentives over 10 years through the Texas Tomorrow Fund. Phoenix has been mentioned as a possible location for the Apple Americas Operation Center, but the governor, Austin Mayor Lee Leffingwell and Apple all have issued statements implying the Austin deal is final, dependent on the incentive packages being approved by the City and State at the end of the month.

The employees are expected to funnel $15 million a year into the local economy through purchases from foods to conferences to lodging, and the city and state will earn sales taxes off that money.  Those employees will also need places to live, so expect the demand for Austin Apartments for Rent to increase as the mostly entry-level positions that pay between $40,000 and $114,000 a year, are filled.
Photo by Kevin Muselet