Franchise News
TechCrunch: Apple Pledges $350 Billion Investment in US Economy over Next Five Years
The tech giant has plans for more jobs, a new campus and data centers in the U.S. with its large investment announcement.
The U.S. economy will enjoy a nice boost from Apple in the next five years from the company’s latest announcement. According to a recent TechCrunch article, Apple plans to invest $350 billion and has committed to $50 billion this year with an additional 20,000 jobs and new U.S. campus.
The company has also said that the large investment does not include tax revenues from employees’ wages, the sale of Apple products or ongoing tax payments. Repatriation taxes on Apple’s cash reserves will be involved.
A new campus that runs on 100 percent renewable energy sources will be built for customer technical support with $30 billion of the investment while $10 billion will be put into new domestic data centers that are planned for Iowa, Reno, North Carolina, Nevada, Arizona and North Carolina.
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About the Author
Brigit Larson
FollowBrigit Larson is an 1851 contributor and a graduate of the University of Wisconsin-Madison
