Austin to Offer Apple $8.6M Incentive for Campus Expansion

The city of Austin is ready to approve a US$8.6 million incentive package as part of what could become a $33.5 million deal Texas is offering Apple to expand the company’s offices and employee base in the city. If the deal comes together, Apple will add an additional 3,600 jobs to its local workforce.

Apple campus expansion coming to AustinApple campus expansion coming to Austin

Apple already employs some 3,100 people in the Austin area, although it has been looking to add even more workers.

The incentives to convince Apple to double the size of its Austin campus will come over a ten year period as part of the Texas Enterprise Fund program. So far, the state has committed to invest $21 million.

Approval of the incentives looks likely, especially since Apple has told the state that it will have to look elsewhere for its expansion without the deal, according to the Phoenix Business Journal.