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05-01-2012, 03:04 PM #1
Done Deal: Apple's Austin Campus is Happening
As MMi reported Friday, serious doubt recently entered into the picture as to whether or not Apple would be able to proceed with plans to construct a massive new campus in Austin, Texas and bring thousands of new jobs to the region.
Despite hitting a few glitches and rough patches that put the entire project proposal into peril as recently as last week, today we can confirm that local lawmakers, authorities, and legal representatives for Apple have all reached an agreement on deal terms that will allow for the campus to come to Austin after all.
On Tuesday, the Travis County Commissioners Court (in a 4-1 vote) provided final approval to a contract with Apple in return for Apple's pledge to bring 3,665 new jobs to the North Austin campus by 2025.
The deal will give the technology giant between $5.4 million and $6.4 million over 15 years and comes more than a month after the City of Austin approved a 10-year, $8.6 million rebate and the state offered $21 million in incentives from the Texas Enterprise Fund.
Source: The Statesman
05-01-2012, 03:47 PM #2
If only they could have gotten Chinese salaries, that would have been a win.
05-01-2012, 04:09 PM #3
05-01-2012, 05:27 PM #4
05-01-2012, 05:27 PM #5
Oh for god sake, would people quit comparing China to the U.S.? How about Somalia? or Guatemala? The price of living is so low in these countries because they are not buying $50 Xbox games and other frivolous crap... Wages are based on the culture, society and product demand. These people are buying food, not nice cars. Stupid comparisons are a waste of time.
Chinese workers would be underpaid at their current salary if they lived in the U.S., but they don't... They live in China where their wages are decent in comparison to other industries.
Last edited by jbardi; 05-01-2012 at 05:31 PM.
05-01-2012, 07:33 PM #6