Apple to create 3,600 jobs in Austin, Statesman Business Blog, Austin American-Statesman
Texas Gov. Rick Perry announced Friday that Apple will expand its operations in Austin with a $304 million investment in a new campus that will create 3,600 new jobs.Granted, it's a better deal than the deal Houston made with NBC recently, it's still a bad deal for Taxpayers. Job incentive subsidies need to go. The key is to create a business friendly structure all around, and then let the market grow organically.
In exchange for Apple’s commitment, the State of Texas has offered Apple $21 million over 10 years through the Texas Enterprise Fund.
I'm never going to be a fan of tax breaks or pay-offs to lure companies. It's an inefficient mechanism that attempts to hide market flaws. I don't care if it's a Republican, or Democratic, plan.