“Apple expects to expand its Silicon Valley workforce by nearly 50 percent during the next three years, signaling the company’s faith in its ability to keep coming up with hit products like the iPhone and iPad,” Michael Liedtke reports for The Associated Press.
“The projections detailed in a report released Tuesday envision Apple hiring 7,400 more workers at its Cupertino, Calif., headquarters between now and the planned completion of a new office complex in 2016,” Liedtke reports. “Apple Inc. now employs about 16,000 people in and around Cupertino, the company’s home town for most of its 37-year history. That accounts for about one-fifth of Apple’s nearly 73,000 employees worldwide.”
Liedtke reports, “Apple submitted the report to Cupertino city officials as part of its effort to win approval to build a new 3.4 million-square-foot campus. Former CEO Steve Jobs likened the proposed campus to a spaceship in his final public appearance four months before he died in October 2011 after a long fight with pancreatic cancer.”
“Much of the Keyser Marston report breaks down the economic benefits that Apple brings to a city with a population of about 58,000 people. Apple will pay $9.2 million in taxes to Cupertino during the current fiscal year ending in June, accounting about 18 percent of the city’s general fund, according to the report. If the new headquarters is built, the report estimated the Apple’s tax contributions to Cupertino will rise to $13 million annually,” Liedtke reports. “Nearly 1,300 of Apple’s 16,000 headquarters workers live in Cupertino. Another 2,100 of the headquarters workers live in the neighboring cities of Sunnyvale and Santa Clara.”
Read more in the full article here.
Apple promotes ‘Mothership’ campus job creation, economic benefits for Cupertino – June 4, 2013