IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Mar 2012 | Removal date: open ended
Still in force

Financial grant

In March, 2012 the state of Texas provided $21 million in incentives to Apple for the establishment of computer and software facilities in Austin, Texas. The company's capital investment in the project is projected at $304 million. The project will, according to state officials, result in the direct creation of 3,635 jobs (and 10,685 jobs altogether).This assistance was provided via the Texas Enterprise Fund (TEF), a program approved in 2003 (and reappropriated in 2005, 2007, 2009, and 2011) to help attract new jobs and investment to the state. Touted by Texas state officials as the largest 'deal-closing' fund of its kind in the United States, projects under the TEF are subject both to an objective screening process and a final, political decision (i.e., the governor, the lieutenant governor, and the speaker of the Texas House must unanimously agree in favor of a project in order for an award to be granted). Among the criteria applied in allocating TEF funds are the requirement that the 'applicant's business sector must be an advanced industry that could potentially locate in another state or country.' The rules also require (among other points) that competition with another state for the project must exist, and the business must not have already made a location decision; projected new job creation must be significant; and the new positions must be high-paying jobs.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

452 Computing machinery & parts
8471 Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included.
847130 Portable automatic data processing machines, weighing not more than 10 kg, consisting of at least a central processing unit, a keyboard and a display
847141 Comprising in the same housing at least a central processing unit and an input and output unit, whether or not combined
847149 Other, presented in the form of systems
847150 Processing units other than those of subheading 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit : storage units, input units, output units
847160 Input or output units, whether or not containing storage units in the same housing
847170 Storage units
847180 Other units of automatic data processing machines
847190 Other
475 Disks, tapes, storage devices & other media, not recorded
" class="default-popupover-item"> 8523 Discs, tapes, solidstate nonvolatile storage devices, "smart cards" and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, but excluding products of Chapter
852341 Unrecorded
852351 Solidstate nonvolatile storage devices
852359 Other
476 Disks, tapes & other physical media, recorded
" class="default-popupover-item"> 8523 Discs, tapes, solidstate nonvolatile storage devices, "smart cards" and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, but excluding products of Chapter
852329 Other
852349 Other
852380 Other
479 Cards with magnetic strips or chip
" class="default-popupover-item"> 8523 Discs, tapes, solidstate nonvolatile storage devices, "smart cards" and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, but excluding products of Chapter
852321 Cards incorporating a magnetic stripe
852352 ìSmart cardsî

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