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 ...

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