The Travis County Commissioners Court held a public hearing April 3 on a proposed economic development agreement with Apple Inc. The county is considering offering Apple up to $7 million in tax rebates over ten years if the Cupertino, Calif.–based company meets certain job creation and retention benchmarks, among other criteria.
Apple plans to add 3,635 employees and build a $243 million, 1 million-square-foot Northwest Austin operations center in 2 phases. Gary Farmer, vice chairman of economic development for the Austin Chamber of Commerce, said the City of Austin could would see a $14.6 million net benefit to the city—"a real return." He added that Apple will generate tax revenue for Central Health, Austin Community College and the Round Rock Independent School District.
While many speakers at the hearing supported Apple's expansion, they wanted the company to be held accountable if it did not reach predetermined goals, such as the amount of workers hired.
Some speakers described the incentives as "corporate welfare" and lamented offering benefits to attract one of the world's most successful companies.










