Big corps love to brag about "adding jobs", but don't like to brag about the "tax incentives" they are getting. There are usually huge costs for the whole community.<p>Austin tax incentives for Apple seem to be relatively small [1], but Foxconn factory in Wisconsin is an extreme case. I highly recommend the Replay All podcast episode on this [2][3]<p>[1] <a href="https://www.statesman.com/news/20120901/austin-council-oks-86m-in-incentives-for-new-apple-facility" rel="nofollow">https://www.statesman.com/news/20120901/austin-council-oks-8...</a><p>[2] <a href="https://www.gimletmedia.com/reply-all/132-negative-mount-pleasant#episode-player" rel="nofollow">https://www.gimletmedia.com/reply-all/132-negative-mount-ple...</a><p>[3] <a href="https://www.theverge.com/2018/12/6/18128133/foxconn-deal-wisconsin-factory-mount-pleasant-trump-reply-all-sruthi-pinnamaneni" rel="nofollow">https://www.theverge.com/2018/12/6/18128133/foxconn-deal-wis...</a>
The chart showing the number of employees per state is comically misleading. They have tens of thousands of employees in Cupertino, but make the largest bucket represent "1000+" to make it appear employees are more evenly distributed across the country.
For every $1m an EDC gives to a fortune 500 company for relocation, $1m should be allocated to a fund for low interest small business lending.<p>Mom and pop shops have to pay taxes but frauds like Curt Schilling and slave drivers like Amazon get hundreds of millions of dollars (that they don't need) to create mediocre jobs with high turnaround.<p>Leveling the field isn't enough. Conglomerates are too big and too many. We need to lower the barriers for entry into markets where fortune 500 companies have made competition impossible.
Curious how much of this is “natural”, how much is forced by stupid CA policies and COL, and how much is “spread out jobs and investment to reduce government risk/gain government support at state and federal-legislative levels.”
So glad we didn't have another public circus to select the destination cities. This is how the Amazon process should've gone. And good for Austin, it's a great city with a lot of tech talent, glad to see it grow.
Big loss for RTP area in North Carolina which was favored to land it, but got nothing. Guess they pay for the disgraceful performance of the NC General Assembly in the past several years - at least enough that TX tax policies won out.
So blue cities and states continue to become richer and income inequality will continue to grow. Austin, Seattle, San Diego, LA, NYC.. unbelievable<p>Also, kind of disappointing how low the job numbers are. 5000 in Austin over the next several years and hundreds for other areas. In contrast, Amazon announced 20K in VA and NYC. This tells me that Cupertino will continue to grow
Apple has a lesser known location in southwest Austin, too: <a href="https://www.statesman.com/business/20160924/sources-apple-signs-lease-for-office-building-in-southwest-austin" rel="nofollow">https://www.statesman.com/business/20160924/sources-apple-si...</a><p>Some more details on the incentives and strings attached.
Does anyone have any more info about the expansion in Seattle? I'm wondering if they are going to get more space in the same building or are looking to move.
I haven't been following the lead-up to this announcement, but it seems to have involved much less fanfare and public drama than Amazon's HQ2 decision did. Bezos insists on squeezing every last drop out of a negotiation (see also: Amazon de-listing hard copies of books while the ebook negotiations are ongoing), so is Apple less malevolent or do they just enjoy more inherent leverage than Amazon does?
Didn't know about the Culver City expansion, neat! There's a tremendous amount of tech talent in LA, I'm surprised they don't already have a major presence here
omitted from the title, but included in the article, is that they're also expanding in boulder colorado.<p>i know that location has been under construction for at least 6 months now. my business was having some construction done, and we kept getting bottom of the barrel subcontractors, because our contractor also has the apple building, and kept sending their good folks over there. :(