“The city of Cupertino is making sure that there is plenty of space for the expansion of the big businesses that churn out the iPods, printers and much of the sales tax revenue in Cupertino,” Matt Wilson reports for The Cupertino Courier.
“The city council voted 3-2 on July 21 to allocate an additional 483,053 square feet of office space in the General Plan. The allocation is reserved exclusively for major companies on the scale of Apple Inc, Hewlett-Packard and Symantec,” Wilson reports. Councilwoman Dolly Sandoval said, ‘The allocation is also available to major companies that move within the city limits. The sales tax revenue as well as the secondary sources of revenue that we receive from these companies is enormously helpful to us.'”
Wilson reports, “The General Plan is a set of guiding principles for long-term development in the city. Square feet and space is allocated in the document for commercial, office, hotel and residential use.”
“Both Apple and HP are far and away the biggest sales tax producers and employers for the city,” Wilson reports. “Representatives from Apple and HP thanked the council at the July 21 meeting for considering allocating the space to major companies.”
“The council is hopeful the allocation will inspire the big companies to expand in Cupertino or possibly attract new companies. In 2006, Apple CEO Steve Jobs visited the city council and said that Apple would like to build a second campus in Cupertino,” Wilson reports. “‘They have said to us they want to expand. I think this [amendment] is more incentive to do this sooner rather than later,’ said Sandoval.”
More in the full article here.
[Attribution: 9 to 5 Mac. Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]