“The Travis County Commissioners Court gave final approval Tuesday to an economic development agreement with Apple Inc. after weeks of discussions and contract revisions,” Vicky Garza reports for The Austin Business Journal.
“Under the agreement approved by a 4-1 vote, Apple will make a $282.5 million phased investment in Austin and bring about 3,600 new jobs to the area in exchange for $5.4 million to $6.4 million in tax rebates,” Garza reports. “Commissioner Sarah Eckhardt said she was disheartened that more was not required of Apple and was the sole vote against the deal.”
Garza reports, “Apple currently employs about 3,100 people at its campus in Northwest Austin and has promised to maintain those positions. The company received an $8.6 million economic development grant from the city of Austin in March and $21 million from the Texas Enterprise Fund.”