When Apple announced its plans to locate its new “Americas Operations Center” in Austin, it was understandably big news for the city – Apple’s commitment to spend $304 million on new facilities, and plans to hire 3,600 new employees was welcomed news for most of the Austin business community. The 39-acre campus located near Parmer Lane in Northwest Austin will add another 1 million square feet of office space, and eventually bring Apple’s Austin headcount to around 7,100.
Phase one of the project is set to be completed by the end of 2015, and cost an estimated $56.5 million. As recent photos indicate, this phase of construction is well on its way. The remaining $226 million of the project is further off, and estimated to be completed by 2021. Apple is set to receive around $36 million in state, city, and county tax breaks and incentives over the next 10 years if it satisfies its economic development agreement, which would require 3,600 new jobs with an annual wage of $63,950. The bulk of such jobs relate to operations, finance, and other support services for Apple’s South and North American business.