Feeds

Apple using Texas cash to boost US hiring

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

Secure remote control for conventional and virtual desktops

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. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.