Land Buy gets Apple Closer to Austin Expansion

| News

Apple closed a land purchase deal in Austin as part of its plan to expand its presence in the city. The expansion will include a new office center that will bring 3,600 jobs to the area.

Apple buys land in Austin to double local workforceApple buys land in Austin to double local workforce

Details of the land purchase haven’t been disclosed, although the Travis County records show that McShane Development closed the deal with Apple on June 20, according to the Austin Business Journal.

Austin approved a US$8.6 million tax incentive package in March as part of a deal to help convince Apple to bring new jobs into the city. Texas added $21 million to the deal, and Travis County committed to up to $6.4 million in incentives.

Apple already has 3,100 employees in Austin, and when it completes its expansion will add 3,600 more jobs. The city had been pushing to convince Apple to bring the new jobs into the area to help local unemployment issues. In exchange for the tax incentives, Apple committed to investing more that $280 million into the local economy.

There isn’t any word yet on when Apple will break ground on its new office center.

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