Apple has posted a report on its website titled 'Economic and Fiscal Impacts Generated by Apple in Cupertino – Current Facilities and Apple Campus 2'
The report was prepared by Keyser Marston Associates, Inc. (KMA) for the City
of Cupertino under contract with Apple Inc.
A majority of the report describes the economic impact Apple has on the city, and how that could be increased with Campus 2.
●The 16,000 Apple employees in 2012 account for approximately 40% of Cupertino’s job base. Indirect and induced impacts support an additional 420 jobs in the city, bringing Apple’s total impact on Cupertino jobs to approximately 16,420.
●About 1,285 of the total 16,000 Apple employees lived in Cupertino in 2012, with annual base earnings in excess of $159 million. With Apple Campus 2, the number of Apple employees residing in Cupertino is expected to total 1,906, with base earnings totaling over $236 million.
●With Apple Campus 2, the net fiscal impact of Apple is anticipated to be $11.2 million, which represents an increase of $3.2 million of annual net revenue to the City of Cupertino.
●Apple is a key source of revenue for the City of Cupertino. It will directly generate $9.2
million of revenues to the City in 2012, representing 18% of the total annual General Fund budget of $50.9 million.
The report also outlined some of the public improvements Apple plans to build along with its Campus 2
As part of Apple Campus 2, Apple will also fund over $66 million of public improvements to be
built around the campus and in the City of Cupertino, as well as other community benefits.
These include $50.2 million of roadway, traffic, intersection, landscape and utility improvements,
$10 million of bicycle and pedestrian facilities, $3.7 million in park land, and a $2.5 million dollar
contribution for affordable housing. In addition to these one-time capital investments, Apple will
annually spend approximately $35 million on a transportation demand management program, to
implement the company’s alternative commute program.
You can check out the entire document at the link below.
Read More
The report was prepared by Keyser Marston Associates, Inc. (KMA) for the City
of Cupertino under contract with Apple Inc.
A majority of the report describes the economic impact Apple has on the city, and how that could be increased with Campus 2.
●The 16,000 Apple employees in 2012 account for approximately 40% of Cupertino’s job base. Indirect and induced impacts support an additional 420 jobs in the city, bringing Apple’s total impact on Cupertino jobs to approximately 16,420.
●About 1,285 of the total 16,000 Apple employees lived in Cupertino in 2012, with annual base earnings in excess of $159 million. With Apple Campus 2, the number of Apple employees residing in Cupertino is expected to total 1,906, with base earnings totaling over $236 million.
●With Apple Campus 2, the net fiscal impact of Apple is anticipated to be $11.2 million, which represents an increase of $3.2 million of annual net revenue to the City of Cupertino.
●Apple is a key source of revenue for the City of Cupertino. It will directly generate $9.2
million of revenues to the City in 2012, representing 18% of the total annual General Fund budget of $50.9 million.
The report also outlined some of the public improvements Apple plans to build along with its Campus 2
As part of Apple Campus 2, Apple will also fund over $66 million of public improvements to be
built around the campus and in the City of Cupertino, as well as other community benefits.
These include $50.2 million of roadway, traffic, intersection, landscape and utility improvements,
$10 million of bicycle and pedestrian facilities, $3.7 million in park land, and a $2.5 million dollar
contribution for affordable housing. In addition to these one-time capital investments, Apple will
annually spend approximately $35 million on a transportation demand management program, to
implement the company’s alternative commute program.
You can check out the entire document at the link below.
Read More