Apple announced in December it would build a second Northwest Austin campus on the corner of McNeil Drive and Parmer Lane, where it will initially hire 5,000 new employees. That number could grow to 15,000 employees over time.
Williamson County Commissioners Court approved an economic incentive deal with Apple. In exchange for investing $400 million in purchasing the land and developing the campus as well as creating 4,000 new jobs, Williamson County would abate or reimburse 65 percent of ad valorem taxes for real and business personal property for 15 years totaling $16 million in reimbursements to Apple.
“Everyone came together to see the greater good,” said Ben White, Cedar Park’s director of economic development. “It’s a unique situation we find ourselves in in Williamson County. We all play together; we all win together.”
Austin’s surrounding communities are likely to see a spillover of new Apple employees buying houses or filling rental properties, according to several local Realtors.