Apple's Plan for Arizona Sapphire Plant Moving Forward
What Apple wants, Apple gets.
Fewer than 24 hours ago, Apple received the final government approval it needed (eight hurdles had to be jumped in total) to deem the site of the company's desired sapphire production plant as a "foreign trade zone."
This designation was required in order for Apple to complete its purchase of the Arizona plant.
Helping Apple in the process is news that the iDevice maker will receive $10 million from a state business recruitment fund. This financial support comes in response to Apple's pledge to cultivate a 700-worker domestic manufacturing plant in Mesa.
In short, Apple's efforts will create lots and lots of jobs.
Mike Sunnucks, a senior reporter with Phoenix Business Journal, says the fund is administered by Gov. Jan Brewer and the ACA. "The Apple money is contingent upon job creation and capital investment by Apple and its manufacturing partner for the East Valley plant, New Hampshire-based GT Advanced Technologies," Sunnucks writes.
Apple officially put the wheels in motion for the $113 million plant purchase from First Solar last month.
“Apple’s decision to make this significant investment in Arizona is a continued testament to the pro-business, competitive tax and regulatory environment Gov. Brewer and state lawmakers have created in Arizona,” says Commerce Authority president and CEO Sandra Watson. “We are thrilled Apple chose Arizona and we look forward to welcoming them to our community.”
Source: Phoenix Business Journal