Feeds

Apple using Texas cash to boost US hiring

$21m from Texas, 3,600 jobs to Austin

Choosing a cloud hosting partner with confidence

With the help of a $21m investment from a Texas job-creation fund, Apple will construct a $304m campus in Austin that will add over new 3,600 jobs to its current 47,000 US employees.

"Investments like this further Texas' potential to become the nation's next high-tech hub," said Texas governor Rick Perry in a statement.

The new jobs in the Texas capital, however, won't be high-tech, per se. According to Perry, the Austin campus will be the site of "customer support, sales and accounting functions."

The $21m investment will come from the Texas Enterprise Fund (TEF), which describes itself as "the largest 'deal-closing' fund of its kind in the nation." The cash grant will be spread over 10 years, Perry's office explained, and is "contingent upon the finalization of contracts and a local incentive agreement with the City of Austin and Travis County."

Such direct investments and tax benefits have become increasingly common in the US, with states such as Texas competing with other regions for corporate investment.

During his brief tenure as a candidate for the Republican presidential nomination, Perry was a vocal defender of the free market, but he has defended his administration's decidedly activist wooing of corporations to move to his state.

"We saw the need for the state to be a participant, and we consider ourselves to be a competitor with the private sector, and there's some people that get a little bit nervous about that," Perry told The Baylor Lariat on Friday. "But generally, we're the last resort, if you will, as a funding mechanism for some of these companies."

The TEF was likely not a "last resort" for Apple, which in its most recent financial filing revealed that it's sitting on $97.6bn in cash and securities. ®

Remote control for virtualized desktops

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.