TL;DR
Apple plans to invest $350 billion in the US economy over the next five years, creating new jobs and building a new campus. The investment will include $30 billion for a new campus and $10 billion for new domestic data centers.
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.
In this story
This story was originally published in 1851 Franchise on January 18, 2018. Burnaze summarizes and links to the original reporting.
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