Jobs, construction show Apple's continuing growth in AustinJobs, construction show Apple's continuing growth in Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=16262015-02-26T10:31:00Z2015-02-26T00:00:00Z

AUSTIN - Apple Inc. is continuing its expansion in Austin, according to city and county documents obtained by the Austin American-Statesman.

The technology giant has already created more than 900 full-time jobs in its Austin operation as of the end of 2013, the most recent year for which data are available, according to a report the company filed with Travis County.

That’s on top of 3,100 local positions the company agreed to retain. As of the end of 2013, Apple reported 4,091 full-time employees in Austin.

What’s more, in a report last month to the City of Austin, Apple said it is about 67 percent completed with its Americas Operations Center, which it has valued at more than $348 million.

Taken in total, the documents suggest that Apple is outpacing its agreed-upon performance metrics, for which it is scheduled to receive millions in incentive payments from the city, county and state.

In 2012, the Austin City Council approved $8.6 million in tax breaks for Apple in exchange for the Cupertino, Calif.-based company establishing its Americas Operations Center here. Apple also is in line for $21 million in state incentives for the project, along with between $5 million and $6 million from Travis County.

Apple, in turn, agreed to create more than 3,600 new full-time jobs in Austin while retaining at least 3,100 existing full-time jobs. The company also agreed to spend $282 million on new buildings and equipment in Austin over the next decade.

Austin American-Statesman
Austin-Round Rock
http://www.mystatesman.com/news/business/apples-austin-expansion-moving-swiftly-documents-s/nkGBT/#43a78b08.3380261.735655Read more at {Source}

 Search NewsTalk Texas