Pushing ahead with plans to invest $304 million in Austin, Texas, Apple has secured a deal for three large patches of land adjacent to its existing campus, which — when developed — will expand its presence in the area and result in the creation of more than 3,600 jobs.
The State of Texas offered Apple an investment of $21 million over ten years via its Texas Enterprise Fund (TEF), followed by an $8.6 million grant investment from the City of Austin.
As part of its City deal, Apple would need to invest $56.5 million in new facilities and equipment by the end of 2015, with an additional $226 million investment coming by the end of 2021.
Source: The Next Web – Apple closes deal to expand Austin campus, moves ahead with $304 million Texas investment
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