August 30, 2017

Apple Awarded $213 Million

Apple Inc, the most profitable company in the world, was awarded $213 million from Governor Kim Reynolds and local officials to build a new data center in Waukee that will create 50 jobs.

Under the deal, Apple will receive $19.6 million in tax credits from the Economic Development Authority to create the 50 jobs while local incentives total $194 million.

Many Iowans have expressed concerns over the deal because the incentives mean Apple will get about $4 million for every permanent job created, while the corporation has a record $256.8 billion in cash on hand.

The deal comes the same week lawmakers learned the state’s watchdog that protects Iowans in nursing home facilities would end on-site inspections. Some Iowans also expressed concerns that last year’s K-12 education budget in Iowa was the 3rd lowest in 40 years. Lawmakers are also considering a special session this fall to fix the state’s budget shortfall.

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