Apple is planning a $1B campus in Austin

Apple campus

Apple is building a new $1 billion campus in Austin

Last year, Apple moved into its sleek "spaceship" campus in Cupertino that cost about $5 billion.

Texas Governor Greg Abbot and Austin Mayor Steve Adler celebrated the news in a statement. Apple said that in 16 states, it employs over 1,000 people. "I don't know how you say 3,000 Salesforce jobs is not high-profile". The exact location of this office is not known at this time.

For the most comprehensive local coverage, subscribe today. It will be less than a mile from existing Apple facilities. There are three job openings in the Cambridge office now.

Apple's technology rival Amazon.com Inc last month ended a months-long search for new headquarters, picking America's financial and political capitals for massive new offices, with plans to create thousands of jobs.

Employees at the new campus will work in fields including engineering, R&D, operations, finance, sales and customer support, Apple said in a statement. The iPhone maker is building a new $1 billion campus in Austin, Texas, and it is also setting up a large office in Seattle.

Apple has a market capitalization of about $803 billion, making it one of the world's most valuable firms, but the company's stock price has been under pressure due to concerns about declining demand for new iPhones.

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Apple is expanding its presence in the U.S.as a part of a billion-dollar investment that the company said would generate at least 5,000 new jobs.

Austin's economic development office did not immediately respond to requests for comment about the incentives. In July, the Army selected Austin as the home of its Futures Command Center, which would've brought with it around 500 jobs.

The company will receive $25 million in taxpayer-funded incentives from the state, according to the Austin American-Statesman.

"On Thursday, Cooper, who was speaking at an event at N.C. State University, said that North Carolina was still "a top destination for IT firms", and pointed to recent announcements that Honeywell was moving its headquarters to Charlotte and Advanced Auto moving its to Raleigh". The decision drew widespread criticism because Midwestern and Southern cities claimed they needed the jobs more, because the state of New York had to make major and expensive concessions to secure the investment, and because the Queens, New York, location offered federal tax breaks because it was labeled as an opportunity zone, despite the existing concentration of tech jobs in the New York metropolitan area. "We feel good about where we are". "It's a bummer to not get the marquee ones, but the jobs are still coming here, the companies are still coming here, there's still real growth".

Apple's Reno data center is one marked for expansion.

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