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Apple nets major tax break for new $1 billion Texas campus

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Austin campus
A look at Apple's forthcoming Austin, Texas campus.
Photo: Apple

Update: Williamson County elected to award Apple tax breaks worth $16 million over 15 years. The Williamson County commissioners voted 5-0 to approve the deal. Another $25 million will come from the Texas Enterprise Fund.

Apple apparently netted itself a good deal for its newly announced $1 billion campus in Austin, Texas. According to a new report, Williamson County could pay back 65 percent of property taxes to Apple in exchange for a long-term commitment to creating jobs.

The money would be paid in yearly installments. It would start when Apple hires 700 people, then continue for the next 15 years. In return, Apple would invest $400 million and hire 4,000 people for the new site.

Apple May Build Another Huge Data Super Center, This Time In Oregon

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Apple is expected to join Facebook's data center (above) in Prineville, Oregon. [Photo by Tom Raftery - http://flic.kr/p/9wzMH2)
Apple is expected to join Facebook's data center (above) in Prineville, Oregon. [Photo by Tom Raftery - http://flic.kr/p/9wzMH2)

Apple appears to be in the final stages of deciding to create a second data center. The tech giant is reportedly eyeing 160 acres in Prineville, Oregon for a 31-megawatt facility. The location would make Apple neighbors with Google, Amazon and Facebook, companies also locating data hubs in the Northwest state known for enticing tech firms with lucrative tax breaks.