Apple to Spend $1 Billion on New Campus in Austin, Texas [TheStreet.com]
Apple Inc. (AAPL)
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Source: TheStreet.com
Apple is investing $1 billion to build a new campus in Austin, Texas, the company announced on Thursday . In addition to a new North Austin campus, the tech giant said it plans to establish new sites in Seattle, San Diego and Culver City, California, and expand operations in cities across the U.S. including Pittsburgh, New York and Boulder, Colorado over the next three years. Talent, creativity and tomorrow's breakthrough ideas aren't limited by region or zip code, and, with this new expansion, we're redoubling our commitment to cultivating the high-tech sector and workforce nationwide, Apple CEO Tim Cook said in a press release. In January, Apple announced it would invest $350 billion over five years in U.S. direct employment, investment in domestic suppliers and fueling its fast-growing app economy stateside. The investment would add 20,000 jobs by 2023, and prompted President Trump to boast that the moves were a direct result of GOP-sponsored tax reform
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