Travis County Greenlights Tax Incentives for Apple’s Austin Offices

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Apple’s major expansion in Austin, Texas, is a step closer to reality now that Travis Country has approved an incentive package that will help the iPhone and Mac maker bring 3,600 new jobs to the city. The approval came Tuesday night with only one of the five Commissioners voting against the deal.

The dissenting vote came from Commissioner Sarah Eckhardt who said she had hoped Apple would’ve been required to promise more in exchange for the incentives, according to the Austin Business Journal.

Tax incentives for Apple's Austin center gets the go aheadTax incentives for Apple’s Austin center gets the go ahead

Apple now stands to get between US$5.4 million and $6.4 million in tax rebates from the county, for a combined $35 million in incentives over ten years from city, county and state. In exchange, Apple will double its workforce in Austin and invest $282.5 million locally in the process.

The county’s approval comes as good news for the Austin job market, especially since the county was the only holdout on approving the incentives package. Had the Commissioners voted against the deal, the state and city would’t be able to follow through on their offers and Apple would’ve likely taken its new jobs elsewhere.

With Travis County’s approval in place, however, Apple can now move forward to the next phase in its expansion plans.

Comments

jbruni

It’s funny to watch the schizophrenia in the Mac community when it comes to taxes.

On the one hand we see municipalities using tax incentives as a way to attract business to their regions and therefore jobs.

On the other hand, we see the whiners complaining about corporations “not paying their fair share” when the incentives are actually used (cf. Nevada vs. California), and call it “sidestepping” the tax laws.

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