“All the new taxes that they pay in, they would actually get a grant back to them, equal to the amount that they pay,” says Brian Gildea with the city’s Economic Growth and Redevelopment Office. Perry’s Texas Enterprise Fund, the city would completely refund Apple’s property taxes on buildings, machinery and equipment for 10 years. So what is the city proposing? In addition to the $21 million promised to Apple from Gov. The city’s evaluation matrix adds that “the average wage paid across all positions is $63,950, well above the Travis County average annual wage of $52,100,” and that the median wage is $52,000 “and is distributed as follows: 20 executive positions at $211,000, 250 manager positions at $114,000, 165 supervisor positions at $64,000, 850 staff positions at $83,000 and 2,350 entry level positions at $40,000.” The expected average wage for the lowest paid 10 percent of local workers is projected at $35,000. The description notes Apple is “also considering Phoenix as an alternative location.” Should Apple come to Austin, Phase I construction will begin June 2012.īut what about jobs? The economic development agreement before the council states that “In addition to retaining 3,100 existing full-time jobs … Apple shall create at least 3,635 new full-time jobs” in 10 years. Phase II of project would be to construct up to an additional 800 KSF of new office space, for a total campus size of approximately 1MSF (one million square feet).Īpple is required to invest $305.5 million in campus construction and goods over the 10 year span of the contract. Apple anticipates a campus to house anywhere from 2,000 to 3,6000 employees over the next 7 to 10 years … Phase I of the project will include the new construction of a two-building campus off of Parmer at Riata Vista totaling approximately 200KSF (or 200,000 square feet). The company requires an operational center to centralize various functions such as accounting, human resources and finance.
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