Apple Will Invest $304 Million And Provide 3600 Jobs In Texas

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Apple Will Invest $304 Million And Provide 3600 Jobs In TexasJust two days after the new iPad was launched and waiting for iPhone 5 to arrive on September or October of this year.  The new iPad will be available at stores on March 16th in countries like U.S ., Canada, U.K., Switzerland, etc. On March 26th for countries like Austria, Mexico, Denmark, among others.

Apple shares (APPL) are dramatically growing, yesterday they were at $542.21 at 2pm ET and now they are at $545.35. And according to many analysts the shares might go up after the iPhone release.

Apple Inc. is planning to build a new campus at Austin, Texas. They will invest $304 million dollars. This campus will provide 3,600 jobs in the next decade and would double the actual workforce in the city.

The city of Austin offered to invest $8.6 million over a period of 10 years, in a exchange for Apple’s investment. On March 15th, a proposal will be provided to the City Council.

The Texas Enterprise Fund will give $21 million to Apple, this fund was created in 2003.  Rick Perry the Governor of Texas said that a local incentive could be given by the Travis County and Austin but the agreement is still pending.

They are planning to open job positions in sales, customer support and accounting.

Steve Dowling a spokesman for Apple said: “Our operations in Austin have grown dramatically over the past decade from less than 1,000 in 2004 to more than 3,500 today”.

This will make Apple Inc. business grow and will also impact their shares.

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