AUSTIN (KXAN) — Apple announced Wednesday it will build a $1 billion, 133-acre campus in north Austin. The state of Texas helped make it possible through its incentive program that some are trying to scrap.
Between 5,000 and 15,000 new employees will call Austin home in the years ahead.
Apple is expected to receive $25 million from the Texas Enterprise Fund, a program ran through Gov. Greg Abbott’s office that pays large businesses to move to Texas in exchange for promised economic activity.
The $25 million is contingent on additional incentives from Williamson County, the county just north of Austin. Area economic development advocates expect those to be approved next Tuesday.
“Apple™ is among the world’s most innovative companies and an avid creator of jobs in Texas,” wrote Gov. Abbott in a statement. “Their decision to expand operations in our state is a testament to the high quality workforce and unmatched economic environment that Texas offers.”
The Texas Enterprise Fund, however, has been a target for libertarian-minded conservatives who look at the program as “corporate welfare.” Opponents of the fund say large companies — like Apple — would move to Texas anyway, without the taxpayer benefits.
The economic development community strongly disagrees.
The new facility will be less than a mile from Apple’s existing campus on Parmer Lane.