Apple Releases Economic Impact Report on 'Spaceship Campus'

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Jun 4, 2013.

  1. macrumors bot

    MacRumors

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    #1
    [​IMG]


    Apple today released a 30+ page report [PDF] from real estate consultancy Keyser Marston Associates examining the direct and indirect financial impact of Apple on the City of Cupertino and Santa Clara County. The document is part of the building process for the company's new 'Apple Campus 2' -- the Spaceship -- planned for opening in 2016.

    As the document is aimed at the municipal governments in the area, it is heavy on tax revenue and job numbers, but there are a few bits of information that are interesting to Apple watchers.

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    - Phase 1 of the the Apple Campus 2 building will accommodate some 13,000 employees across 2.8 million square feet of space in the main building. Other buildings on site will include an auditorium, fitness center, parking structures, buildings to house research and development and a central plant, for a total of 3.42 million square feet of new building space.

    Phase 2 will add 300,000 more square feet of space, adding room for 1,200 more employees -- however this phase has been delayed indefinitely for cost-saving reasons.

    - The analysis uses a conservative hiring growth rate of 10% per year, estimating that 7,400 employees will be hired at Apple's Cupertino headquarters between June 2013 and the opening of the new campus in 2016. This would tally a total employee count at 23,400, though over the past 5 years, Apple has seen an annual hiring growth rate of 18%.

    - Apple's 16,000 current Cupertino employees account for 40 percent of the city's job base, making Apple Cupertino's largest single employer.

    - Apple will pay $9.2 million in tax revenue directly to Cupertino in 2013, approximately 18% of the city's annual general fund budget. The consultants estimate that Apple will generate a net fiscal surplus of $8 million to the city this year, with that expected to grow to $11 million when the new campus is finished. This means Apple will pay millions of dollars more to the city than it uses in services.

    - The construction of the new campus will generate 9,200 full-time jobs in the county over the three-year construction period, and will generate one-time revenues to the City of Cupertino in the form of construction taxes and fees totaling more than $38 million. The company has agreed to direct its contractors to purchase all construction materials from within the city, ensuring that Cupertino collects millions of dollars in sales taxes as a result.

    - The report touts $66 million in public improvements to be built around the campus, including bicycle and pedestrian facilities, park land, and a voluntary $2.5 million contribution to Cupertino's affordable housing fund.

    The full report, available from Apple's public relations page [PDF], includes dozens of pages of charts and tables to support the assertions. The new Spaceship Campus is not expected to have any significant opposition and has already received broad approval from the city.

    Article Link: Apple Releases Economic Impact Report on 'Spaceship Campus'
     
  2. macrumors member

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    Aug 30, 2010
    #2
    This is great!
     
  3. macrumors 6502

    Joined:
    Nov 11, 2011
    #3
    Yay more jobs
     
  4. macrumors regular

    Joined:
    May 22, 2013
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    where ever I am at.
    #4
    Amazing how much the local and state government benefits from the taxes on this, yet provides very few services in return.
     
  5. macrumors 603

    ECUpirate44

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    NC
    #5
    And they mayor of Cupertino wants Apple to provide free wifi :rolleyes:
     
  6. macrumors 6502

    Joined:
    Dec 28, 2001
    Location:
    Los Angeles, CA
    #6
    More Jobs is always good!
     
  7. macrumors 6502a

    spyguy10709

    Joined:
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    Location:
    One Infinite Loop, Cupertino CA
    #7
    Jobs - always a good thing.
    Steve or otherwise!
     
  8. macrumors 65816

    Joined:
    Aug 1, 2010
    Location:
    Illinois
    #8
    Can't Apple just release the campus already...
     
  9. macrumors 68000

    nepalisherpa

    Joined:
    Aug 15, 2011
    Location:
    USA
    #9
    That building can be a city of its own. :)
     
  10. macrumors 6502a

    Kaibelf

    Joined:
    Apr 29, 2009
    Location:
    Chicago, IL
    #10
    Obviously Apple has abandoned the pro user judging by the design of this building! A building should be serious, not a toy. :rolleyes:

    /s
     
  11. macrumors 68030

    bbeagle

    Joined:
    Oct 19, 2010
    Location:
    Buffalo, NY
    #11
    We know campus 1.0 will be broken, so if I was an Apple employee, I'd wait for campus 1.1 before moving in.
     
  12. macrumors 6502a

    Joined:
    Sep 16, 2011
    #12
    I wait till it's jailbroken before checking it out.
     
  13. macrumors 68000

    keysofanxiety

    Joined:
    Nov 23, 2011
    #13
    I can't wait to see this thing (even though I'm in the UK, so the chances of me seeing it in person are limited). The mockups look amazing, though. It's a gorgeous design. :drool:
     
  14. macrumors 65816

    testcard

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    Middle England
    #14
    Let's wait for the jailbreak, then we'll all be able to get inside.
     
  15. macrumors 6502a

    Joined:
    Apr 26, 2005
    Location:
    california
    #15
    Have you ever been to Cupertino and experienced that city, or are you just talking out of your rear?
     
  16. macrumors 68040

    Roessnakhan

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    Sep 16, 2007
    Location:
    Albuquerque, USA
    #16
    No, they'll just offer a free bumper for the thing, it'll fix everything.
     
  17. macrumors 68040

    KdParker

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    Oct 1, 2010
    #17
    Sounds like a good deal for Cupertino!!
     
  18. macrumors 6502

    freddiecable

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    Sweden
    #18
    The new pentagon of technology? ;)
     
  19. macrumors 6502a

    coder12

    Joined:
    Jun 28, 2010
    #19
    I just know that Apple will add thrusters to the bottom and make this building space-ready!

    :D
     
  20. macrumors 6502

    Joined:
    Jan 26, 2009
    Location:
    Santa Cruz, CA
    #20
    ALL constructions materials from within the city limits of Cupertino? That seems...damn near impossible. I could see within a say 15 mile radius of Cupertino but does the city proper actually have that many building material supply places? Some enterprising construction supply company will need to be build a new store within city limits just for Apple to meet this requirement.
     
  21. macrumors G5

    Joined:
    Jun 22, 2009
    #21
    They have no concern for security since there will be a huge walled garden - and oh yeah - you won't be able to locate them via Apple Maps...
     
  22. macrumors 603

    Rocketman

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    #22
  23. macrumors newbie

    Joined:
    Nov 21, 2011
    #23
    Cement is...

    About 3 miles from the current campus, Lehigh Quarry & Cement Plant Info
    http://www.cupertino.org/index.aspx?page=944
     
  24. macrumors regular

    Powerbooky

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    Europe
    #24
    Yes, keep things local. Next step... all Mac products made locally. :cool:
     
  25. macrumors 6502a

    mrgraff

    Joined:
    Apr 18, 2010
    Location:
    Albuquerque
    #25
    You're entering the building wrong.
     

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