Archive for March 11th, 2012

The city of Cupertino has recently presented the updated plans and renderings for Apple's Cupertino campus project that was first unveiled by late Apple co-founder Steve Jobs. The main building, which Jobs described as "a little like a spaceship landed," will comprise 2.8 million square feet over its four stories. The campus will also accommodate a café and restaurant, fitness center and corporate auditorium with seating for up to 1,000 people, as well as 300,000 square feet of research facilities. The majority of power for the facilities will be supplied by an "on-site low carbon Central Plant" and will also be supplemented by solar power.

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Texas Governor Rick Perry revealed on Friday that Apple plans to invest $304 million on a new campus in Austin that will create 3,600 new jobs and double the size of its workforce in Texas. Moreover, the state will award Apple $21 million over 10 years through the Texas Enterprise Fund (TEF). In return, Apple will expand its customer support, sales and accounting functions in the region.

"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" Perry said. "Investments like this further Texas' potential to become the nation's next high-tech hub."

The TEF’s partnership with Apple will be one of the largest job creation initiatives in TEF history. To date, the fund has invested more than $443.4 million to help generate more than 62,000 new jobs and $15.4 billion in capital investment.