“The Travis County Commissioners Court gave final approval Tuesday to an economic development agreement with Apple Inc. after weeks of discussions and contract revisions,” Vicky Garza reports for The Austin Business Journal.
“Under the agreement approved by a 4-1 vote, Apple will make a $282.5 million phased investment in Austin and bring about 3,600 new jobs to the area in exchange for $5.4 million to $6.4 million in tax rebates,” Garza reports. “Commissioner Sarah Eckhardt said she was disheartened that more was not required of Apple and was the sole vote against the deal.”
Garza reports, “Apple currently employs about 3,100 people at its campus in Northwest Austin and has promised to maintain those positions. The company received an $8.6 million economic development grant from the city of Austin in March and $21 million from the Texas Enterprise Fund.”
Read more in the full article here.
MacDailyNews Take: Smart move and, BTW, Travis County Precinct 2 residents, you need a new Commissioner: Sarah Eckhardt is obviously not equipped for the job; she’d rather see 3,600 new jobs and all that they bring – in Phoenix.
Apple ‘frustrated’; 3,600 new Austin jobs ‘in peril’ after county officials balk; attorney calls contract ‘rigged’ – April 27, 2012
Travis County considers giving Apple 80% tax break for Austin campus – April 5, 2012
Austin city council unanimously approves $8.6 million dollars in incentives for Apple Inc. – March 23, 2012
Texas Governor Rick Perry announces Apple to invest $304 million, create 3,600 new jobs in Austin – March 9, 2012