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I'm not sure there's an official code for it in the States, but it definitely happens. In this case, Apple is spending in excess of a hundred million - $66M on
by mdasen 11y ago
I'm not sure there's an official code for it in the States, but it definitely happens. In this case, Apple is spending in excess of a hundred million - $66M on things like infrastructure and low-income housing, $35 incentivizing alternative transit to work, and $15.4M annually to the Santa Clara Valley Transportation Authority (http://venturebeat.com/2013/06/04/apple-campus-2-7k-employees-32m-in-property-tax-9k-construction-jobs-66m-in-public-improvements/ http://venturebeat.com/2013/06/04/apple-campus-2-7k-employee...).
In some cases, companies get sweet deals from locations to move there - Tesla is getting a whopping $1.2B from Nevada. But in Apple's case, they're paying.