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Apple Releases Economic Impact Report on 'Spaceship Campus'

MacRumors

macrumors bot
Original poster
Apr 12, 2001
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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.

- 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'
 

keysofanxiety

macrumors G3
Nov 23, 2011
9,534
25,272
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:
 
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coder12

macrumors 6502a
Jun 28, 2010
512
3
I just know that Apple will add thrusters to the bottom and make this building space-ready!

:D
 
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MacVixen

macrumors 6502
Jan 26, 2009
385
0
Santa Cruz, CA
- 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.

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.
 
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samcraig

macrumors P6
Jun 22, 2009
16,637
41,615
USA
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...
 
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fh-ace

macrumors newbie
Nov 21, 2011
23
22
Cement is...

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.

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

macrumors regular
Mar 15, 2008
177
12
Europe
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.

Yes, keep things local. Next step... all Mac products made locally. :cool:
 
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