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Apple on Thursday announced plans to invest $1 billion to develop a new 133-acre campus in Austin, Texas, which will reportedly add no fewer than 5,000 new high-paying positions to the tech-giant’s engineering, research and customer support teams — with the potential of ultimately accommodating 15,000.
The announcement comes amid a flurry of recent development plans propositioned by the tech-giant, who will reportedly build new facilities in Seattle, San Diego, and Culver City, California employing around 1,000 employees, as well as expand its operations in major cities like Pittsburgh, New York, Boulder, Boston, and Portland over the next three-years, NBC News reports.
“Talent, creativity and tomorrow’s breakthrough ideas aren’t limited by region or zip code,” said CEO Tim Cook. “Apple is proud to bring new investment to cities across the United States and significantly deep our quarter-century partnership with the city and people of Austin. And with this new expansion, we’re redoubling our commitment to cultivating the high-tech sector and workforce nationwide.”
Apple’s new development and expansion plans are part of its broader initiative to further U.S. investment, and the company has already allocated $30 billion to meet those goals over the next five years.
Ultimately, Apple touts the potential of creating 20,000 additional jobs and adding some $350 billion to the U.S. economy, according to the report.
Breaking Down the Numbers
At present, the Cupertino tech-giant employs approximately 90,000 full-time employees at its various headquarters and facilities in the U.S. including 6,000 new positions which were created just this year.
Altogether, Apple boldly claims responsibility for the “creation and support of two million jobs in the U.S.”, which includes workers employed at some 9,000 U.S.-based supply partners, as well as the 1.5 million developers who’ve driven its App Store to success.
“Apple is among the world’s most innovative companies and an avid creator of jobs in Texas and across the country,” said Texas Governor Greg Abbot. “Their decision to expand operations in our state is a testament to the high-quality workforce and unmatched economic environment that Texas offers.”
The company’s latest expansion and development announcements come on the heels of earlier reports suggesting it was in talks with North Carolina government officials regarding the possibility of developing another major U.S. Campus in the Tar Heel State’s popular Raleigh, Durham, and Chapel Hill “Research Triangle.”
Those plans, however, are far from finalized, as CNBC reported at the time.
Apple is nevertheless forging ahead with its previous pledge to investing billions of dollars to further U.S. growth and development.
Currently, the company is working to expand its existing data centers in North Carolina, Arizona, and Nevada, while laying the groundwork for a new location in Waukee, Iowa all as part of a separate $10 billion initiative to expand and strengthen its various data centers across the U.S. by 2023.