Tax rebate gives Apple $7.4 million to build new campus

The new campus is expected to crease up to 3,600 jobs - including some for economically disadvantaged locals

A tax rebate that would give Apple $7.4 million to build a new campus in Austin, has been agreed following a public hearing, despite a former Travis County saying he was against Apple receiving any tax breaks.

The new campus is expected to crease up to 3,600 jobs. Travis County Commissioner Sarah Eckhardt has requested that Apple agrees to certain job guarantees and helps fund Lone Star Rail, in order to receive the tax rebates. (More below)

To qualify for the tax breaks Apple should hire economically disadvantaged locals, the unemployed, those who have been through a targeted job training, and those who live in a poor area, according to the terms of the agreement. Travis County is offering Apple an 80 per cent rebate on its tax bill for 10 years, with the potential that it can extend to 15 years, according to Statesman.

Chief among the negotiating terms, Biscoe said, is making sure Apple hires some proportion of "economically disadvantaged" people, Biscoe wouldn't say what percentage the county is shooting for, saying it might undermine private negotiations with Apple.

The Statesman reports that there are three government-backed subsidies currently being offered to Apple. Including and already agreed $8.6 million in tax breaks from the City of Austin, and a proposed $21 million incentive package from the Texas Enterprise Fund.

Apple is also planning to update its data center in North Carolina that supports the iCloud online data storage system and its Siri voice-recognition software. The company has filed its plans with the North Carolina Utilities Commission.

The Facility will be fuelled by Directed Biogas, "a renewable energy source," according to Apple's filing. In the filing, Apple said that the initial fuel cell systems may begin generating electricity as early as June.

The facility will be the largest private fuel cell energy project, a non-polluting silent power plant that will generate electricity from hydrogen.

This story, "Tax rebate gives Apple $7.4 million to build new campus" was originally published by Macworld U.K..

From CIO: 8 Free Online Courses to Grow Your Tech Skills
Join the discussion
Be the first to comment on this article. Our Commenting Policies