Posted on 03/11/2012 5:25:02 AM PDT by Hojczyk
Apple Inc. AAPL +0.59% plans to build a $304 million campus in Austin, Texas, doubling its presence there over the next decade.
The Cupertino, Calif., company said it will add 3,600 jobs in the next 10 years to its existing work force of 3,500 employees there. Apple said the move is part of a rapid expansion from 1,000 employees in 2004.
Texas Gov. Rick Perry's office said most of the jobs will be in sales, customer support and accounting for the area. In exchange, the state offered Apple a $21 million investment over 10 years through its business development efforts called the Texas Enterprise Fund.
"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," Perry said in a statement. "Investments like this further Texas' potential to become the nation's next high-tech hub."
The announcement follows numerous media reports about Apple's vast and growing supply chain, some of which have focused on employees at manufacturing contractors in countries such as China, as well as how they are being treated. In response, the company has released detailed internal reports and paid for an outside firm to perform an audit.
Apple also invited a news crew to one of its manufacturing facilities, and published a study saying its slate of devices and services had created 514,000 jobs throughout the U.S. Apple said the jobs created were in a variety of industries from shipping and receiving to application development.
Apple shares recently traded up 0.6% at $545.24.
(Excerpt) Read more at marketwatch.com ...
How much is Rush’s fee advertising with????
Whether Chinese or not, they make a damn good computer.
Whether Chinese or not, they make a damn good computer.
Whatever, mine works well.
Good strategic move.
Apple will need a fall-back plan to their Chinese factories, when the Chicoms nationalize manufacturing.
Once the trade war starts.
And it will. The current one-way sellout is utterly un-sustainable.
So do all of mine. as well as my children’s and my grandchildren’s.
Haven’t convinced the husband yet, though.......
The state gives a company 2 million a year in tax cuts to expand on their existing space. Rick Perry is one shrewd business guy. The cost of expanding, in Austin, for the worlds richest company, is 1/2 of the cost of expansion in Calif. Two million a year is a rounding number at Apple right now, but our conservative governor smart as your smartest politican ever to walk the halls of TX gave them 21 million. Boy we must be over our budget problems. /rant off
Is this a manufacturing plant?
They make solid equipment, at a top price.
Walmart has a much higher domestic content then Apple, by far!
http://www.glassdoor.com/Salary/Apple-Austin-Salaries-EI_IE1138.0,5_IL.6,12_IM60.htm
“Whether Chinese or not, they make a damn good computer.”
Yes, those who still use PC’s are like people who own old British cars. They’re nice, but you have to have two of them to be certain that you have one to “drive.”
Whatever, mine works well.
All Apple products work well. I see that your computer works well, but you should also have an IPAD, IPOD and an IPHONE and your life will be complete. I have a MACBOOK PRO which is the best computer I ever had in my life. My last computer was a SONY VAIO about 3 or 4 years ago and it sucked big time. I will never get anything other than an Apple again. Glad to see you are at least partially on board.
Ain’t it the truth!
Those dirty commies. /s
Thanks Hojczyk.
:’D
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.