“There’s an obvious parallel between Apple’s announcement and Amazon’s drawn-out bidding process for its $5 billion, 50,000 employee “HQ2”, whose list of 20 finalist cities was coincidentally announced this week,” Nelson writes. “However, there’s no indication as of yet that Apple would solicit bids from municipalities, as Axios reports that Apple won’t be “putting out a big request for proposals.””
“Should they choose to go the public bid route, interest would likely be massive. Amazon received a reported 238 bids from cities across North America,” Nelson writes. “There’s little doubt that whichever municipality is chosen will offer significant tax breaks in an effort to boost area employment… Wherever Apple decides to build next, hopefully its employees will actually like the office space this time around.”
Read more in the full article here.
MacDailyNews Take: Hopefully, this campus won’t be a multi-year colossal distraction like the last one.
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Looks like Apple is bringing nearly all of its $250 billion foreign cash back home to America – January 17, 2018
Apple plans to add $350 billion to U.S. economy and create over 20,000 new jobs over next 5 years, pay $38 billion in repatriated taxes, the largest ever made – January 17, 2018
Apple expected to issue less debt in 2018 now that President Trump has signed the Tax Cuts and Jobs Act – January 16, 2018