Apple will invest over $300 million in a new campus located in Austin, Texas, which should create more than 3,600 jobs, the State of Texas has announced. Apple, who already have a considerable presence around Austin, will be more than doubling their Texas workforce over the next decade. In return, the Texas Enterprise Fund will invest $21 million in Apple over the next ten years.
Texas Governor Rick Perry had this to say about Apple’s investment:
“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. Investments like this further Texas’ potential to become the nation’s next high-tech hub.”
Despite Apple already have a sizeable campus in Austin, this new investment really should contribute to the Texan economy and give many the chance of employment in tough financial times.