Apple CEO Tim Cook recently announced plans for Apple to invest more than $430 billion in the U.S., with the goal of adding 20,000 jobs nationwide over the next half decade.
Said Cook, “We’re creating jobs in cutting-edge fields – from 5G to silicon engineering to artificial intelligence – investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future.”
As the U.S. begins recovering from the pandemic, Apple’s recent plans represent a 20% increase from its original five-year goal of $350 billion set in 2018. North Carolina’s Research Triangle area will have its own $1 billion infusion. Apple plans to build a new campus with an engineering hub that will create at another 3,000 jobs.
Apple also plans to set up a $100 million fund to support schools and community programs in the Raleigh-Durham area and beyond, along with over $110 million in infrastructure spending where it is needed most through 80 North Carolina Counties. Cook predicts that Apple’s North Carolina plans will result in over $1.5 billion in economic benefits each year.
Apple is expanding its U.S. operations in its goal of creating 20,000 additional jobs in the following states:
- California: 5,000 by 2025 in San Diego and 3,000 in Culver City by 2026.
- Colorado: 700 employees in Boulder.
- Massachusetts: Hundreds of new jobs in the Boston metro area by 2026.
- Texas: A $1 billion Apple campus already underway in Austin.
- Washington: 1,000 local jobs for Seattle’s Leadership in Energy and Environmental Design office
- Iowa: 500 construction and operations jobs in Waukee for a new Apple data center
Meanwhile, Apple directly supports nearly three million jobs across the U.S. The company is the largest taxpayer in the country, having paid about $45 billion in corporate income taxes during the past five years.
U.S. manufacturers and nationwide suppliers will also get in on the action. Apple’s $430 billion infusion into the U.S. economy will benefit more than 9,000 suppliers of all sizes in every state. In 2017, the company launched a $5 billion Advanced Manufacturing Fund, which resulted in breakthroughs in 5G infrastructure, laser technology, as well as other cutting-edge research.
For example, in nine states Apple is investing tens of billions in silicon engineering and 5G tech, which will shape the future of next-generation consumer electronics in iPhone 12 and a new iPad Pro.
App development for Apple gadgets accounted for over $135 billion in commerce during 2019 in the U.S. About 85 percent of that amount went straight to third-party developers. Today’s Apple App Store supports about 2 million U.S. jobs in all 50 states.
So, Apple’s enormous investments and contributions to America’s economic recovery run counter to the socialist charges that big corporations avoid taxes and exploit their workers. Apple has paid billions, hired millions, and does a far better job than the federal government, which has thrown trillions down the rabbit hole of stop-gap welfare payments.