Apple is coming to Texas. Although the world’s most profitable company isn’t moving out of its Cupertino, California home base, the popular iDevice maker is expanding its campus and taking a stroll down south.
On Friday it was announced that Apple will spend approximately $300 million on a new Austin, Texas-based campus.
The effort will reportedly result in the creation of 3,600 new jobs. The good news broke this morning directly from the office of the Texas Governor.
“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” Gov. Rick Perry said. “Investments like this further Texas’ potential to become the nation’s next high-tech hub.”
Although the deal isn’t yet final, it’s expected to close without incident.
As part of the deal, Texas will provide Apple with “an investment of $21 million over ten years through the Texas Enterprise Fund (TEF),” a program implemented as a means to offer companies incentives to invest in Texas.