Tax Rebate Gives Apple $7.4 Million to Build New Campus
A tax rebate that would give Apple $7.4 million to build a new campus in Austin, Texas, has been agreed upon following a public hearing, despite some opposition to Apple receiving any tax breaks.
The new campus is expected to create up to 3600 jobs. Travis County Commissioner Sarah Eckhardt has requested that, in order to receive the tax rebates, Apple agree to certain job guarantees and help fund Lone Star Rail.
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 percent rebate on its tax bill for 10 years, with the possibility of extending the rebate to 15 years, according to Statesman.
Chief among the negotiating terms, Travis County Judge Sam 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 three government-backed subsidies are currently being offered to Apple, including an already agreed-upon $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, which supports the iCloud online data storage system and Siri voice-recognition software. The company has filed its plans with the North Carolina Utilities Commission.
The Facility will be fueled 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 nonpolluting silent power plant that will generate electricity from hydrogen.