Texas Enterprise Fund Set to Help Apple Grow in Austin
With a reported $100 billion cash on hand, Apple Inc. has enough money to bail out the state of California or buy up nearly all of its competitors in phone sales. But the tech giant is poised to receive up to $35.5 million in various state and local incentives if it expands its operations in Austin.
The state plans to invest $21 million from its Texas Enterprise Fund over 10 years as Apple meets certain requirements. An additional $8.5 million in tax abatements could come from the city of Austin, and Travis County could provide $6 million in ...
Comments (14)
Dale Curry
Apple is a great company and I strongly support these incentives
Mickey Meader via Texas Tribune on Facebook
So texas Republicans do favor Welfare.
Martha Dunkelberger via Texas Tribune on Facebook
just welfare for the corporation people
Mike Snavely via Texas Tribune on Facebook
My sense is that this will represent an injection of talent into Austin, which is a good thing. Whether it's worth $35M is conjecture.
Henry V Fitzgerald Jr via Texas Tribune on Facebook
Why didn't he just pray? That's his solution when it comes to poor-people problems. Goin' atheist on us, Rick? Or did you cut yourself a slice of incentive?
Lawrence L Thornton via Texas Tribune on Facebook
Gop/RepuG /Gangsters LovE to Subsidiise the Ultra-Rich corporations and shift theCost to the Over Burdened Middle Wage Earner & Independent Small Business Owners to Make Up the $ 35 MIL. SHORTFALL IN Taxes. Their definition....Wealth Distribution. Support your Local Gangsters ----Vote GOP ----Crimenal !!
LaDonna Coy via Texas Tribune on Facebook
Where do the funds for the Incentives come from?
Kim Burkett via Texas Tribune on Facebook
Apple is on the public dole...
T D
Answer: "Guys, we're sending you to Phoenix rather than Austin!"
Question: What would Apple probably *pay* $35M to avoid saying?
Texas Parents Opt Out of State Tests via Texas Tribune on Facebook
$35.5 million for Apple, but no money for our public schools?
Carol Bradley via Texas Tribune on Facebook
It's a customer service call center. I don't expect 3,000 customer service reps over 10 years to make a big difference in the skill levels of Austin employees. We have plenty of customer service centers here already.
Mark R Pepin via Texas Tribune on Facebook
GOP hands out corporate welfare like water flows over Niagra Falls. Unfreaking believable...
Audrey Fisher via Texas Tribune on Facebook
Enterprise fund is the smoke and mirror game that the GOP in Austin devised to make my tax dollars go to big business. Consider - $35.5 corporate welfare and WHF gets stiffed to pay for this! Comeon folks, education funding DOWN, WHF decimated...but plenty of money to Corporations via loopholes and credits.
Leesa Monroe via Texas Tribune on Facebook
Austin is not a hard sell...look at all the folks from Hollywood. Phoenix may need to offer incentives, but not Austin.