While Apple Inc. isn’t yet on the clock to start meeting its promises to the city of Austin in exchange for millions in tax breaks, the tech giant’s expansion of its Austin operations has already created more than 700 new local jobs, according to documents obtained by the American-Statesman.
In a highly publicized deal in 2012, the Austin City Council approved $8.6 million in tax breaks for Apple in exchange for the Cupertino, Calif.-based company establishing its Americas Operations Center here. Apple also is in line for $21 million in state incentives for the project, along with between $5 million and $6 million from Travis County.
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Expert local technology coverage
This story is part of the American-Statesman’s ongoing coverage of the Austin technology sector. Reporters Brian Gaar and Lori Hawkins cover every aspect of the area’s tech scene, from semiconductors to software to venture capital. Read their “Plugged In” technology columns and other tech-related coverage online at www.statesman.com/s/business/technology or www.mystatesman.com/s/business.