Apple turning in AustinApple turning in Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=88372012-12-05T12:38:00Z2012-12-05T08:00:00Z

AUSTIN - Construction work has started on Apple Inc.’s planned $304 million expansion project on Parmer Ln. in Northwest Austin — a project expected to create as many as 3,600 local jobs. The concrete shell of a three-story office building is taking shape on the 38.8-acre site.

The project will eventually have seven buildings, slightly more than 1 million sf of space and three parking structures providing 5,500 parking spaces.

Apple will receive up to $36 million in state, city and county incentives over the next ten years if it lives up to its economic development agreement, which includes creating 3,600 jobs over ten years.

Most of the jobs created are expected to be tied to operations service, support and finance for Apple’s business in North and South America. The average annual wage for those jobs is $63,950.

The company agreed to invest at least $56.5 million in the first phase of expansion by the end of 2015.

Read more at the Austin American-Statesman.

Austin American-Statesman
Austin-Round Rock
http://www.statesman.com/news/business/apples-austin-expansion-under-way/ntl82/Read more at {Source}

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