Apple's proposed 'spaceship' campus in Silicon Valley will be one of the most visually stunning buildings in the world upon its completion. The massive new building is set to replace the company's current campus in Cupertino.
According to the company, the dramatic new building will also bring a flood of cash into the local community and businesses.
The company has released a PDF report assessing the benefits its believes will come to Cupertino as the building is constructed. Apple is pitching the plan as a windfall for the city government and the local community.
Among the benefits Apple hopes to bring to the city are some 12,600 construction jobs through direct construction of the campus and peripheral projects as the company shifts over from its iconic Infinite Loop facility. Additionally, the company hopes that the larger campus will allow it to expand its own workforce, bringing more full-time jobs to Silicon Valley.
Additionally, the new building is being pitched as a revenue machine for local tax collectors. Property taxes on the two facilities were estimated by Apple to add up to $56.5m annually, while taxes collected by the local transit authority were estimated to run at $15.4m.
Such fees could bring a welcome infusion of funds for city governments who are increasingly strapped for cash as federal and state governments and the development shows why it is so important to keep and grow companies started locally.
While London's Tech City project currently focuses on bringing in new firms, the ultimate payoff for the city will come in keeping those firms local and convincing them to build their hulking new campuses in London.
Startup jobs and sales taxes are nice, but the windfall from just one or two major corporate campuses setting up shop will dwarf the revenues of those incubator projects.
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