Some plans by Apple to invest $304 million on a new Austin campus were revealed on Friday by the Office of Governor Rick Perry. Texas will award Apple $21 million over the course of $10 years, according to reports, through the Texas Enterprise Fund. Meanwhile, Apple will create 3,600 new jobs.
The Texas Enterprise Fund offers companies incentive to invest in the state, and this deal with Apple will mean one of the largest in the program’s history, reports AppleInsider.
Perry had the the following to say, “”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.”
Austin is definitely an area where the tech industry is growing. Apple is a likely choice for Texas.