http://www.macnn.com/articles/12/03/09/city.to.get.roughly.3600.jobs/
Apple to spend $304 million in expanding Austin, Texas ops
updated 12:20 pm EST, Fri March 9, 2012
City to get roughly 3,600 jobs
The State of Texas has announced an agreement by Apple to spend another $304 million in Austin to expand operations. The company is building a new campus that will double its workforce in the state during the next 10 years, primarily boosting customer support, sales, and accounting divisions. In exchange, the state is handing out $21 million from the Texas Enterprise Fund.
In all Austin will get about 3,600 new jobs through Apple. The city is an important hub for the company; in addition to administrative work, the current campus also handles some engineering related to chip design. Austin is the home of a Samsung factory that builds Apple's A-series chips, used in every iOS device.
Junior Member
Joined: Jan 2010
It's great but
OK it's good that Apple is expanding and adding more jobs. That's fine.
However it bothers me when government throws public money at a company to get them to do something. I understand the rational; that the increased tax base will pay for the bonus. but tell that to Minnesota that threw millions at Northwest Airlines in the '90s for a maintenance base on the Range and got essentially nothing in return. More importantly I don't think it's best for business. I'm more than a little afraid that some BODs will look at the bonus "Well we'll get x** hundred million dollars if we go there" and ignore that 'there' might not be the best place for them to expand.
It just skews the playing field and I'm not sure if it's best for the economy as a whole. This goes quadruple for publicly funded stadiums. At least the Apple expansion will produce SOMETHING. You can't say that at all about pro teams.