Over the last couple of months Apple has been trying to secure a real estate deal that will allow them to expand their Austin, Texas campus and bring an additional 3,600 new jobs to the area. Recent records show that Apple purchased three large tracts of land adjacent to their current campus, that will allow the company to expand and make good on their plans to invest $304 million in the area.
The square footage and total price of the deal were not disclosed, but speculation in March was that Apple wanted to purchase 38.8 acres to make room for a new 1-million square-foot campus. Apple was offered a $21 million incentive to invest in the area by the State of Texas. Part of the incentive deal is that Apple will need to invest 56.5 million in new facilities and equipment by 2015, and also spend $226 million on other items by 2021.
Apple’s Austin campus mostly focuses on customer support, but there are some chip design and other engineering jobs located at the campus as well. The total investment should see the number of Apple employees more than double from the existing 3100 to 6,700.
Source: Austin Business Journal