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Apple announces $1 billion Texas campus

Apple's current facilities in North Austin. Photo courtesy of Apple

Apple is embarking on a massive expansion in the Austin area. On December 13, the Cupertino, California-based company announced it is investing $1 billion to create a North Austin campus and adding 5,000 potential new jobs.

Though an exact location was not revealed, the company said the new 113-acre campus will be located "less than a mile" from its current office on Parmer Lane near the Domain. Initially the new Austin Apple will be designed to accommodate 5,000 employees, with the possibility to grow to up to 15,000 employees, the company says.

According to a release, the new facilities will house a broad range of job functions, including engineering, R&D, operations, finance, sales, and customer support. Currently, Apple employs 6,200 Austinites, the largest group outside of the tech company's California headquarters.

"Apple has been a vital part of the Austin community for a quarter century, and we are thrilled that they are deepening their investment in our people and the city we love," said Mayor Steve Adler in a news release. "Apple and Austin share a creative spark and a commitment to getting big things done. We share their commitment to diversity and inclusion. We're excited they are bringing more middle-skilled jobs to the area."

Apple says the new North Austin property will also feature 50 acres of preserved open space, and will be run on 100-percent renewable energy.

Austin isn't the only city receiving a windfall. Apple says that in addition to creating a new Capital City campus, it plans to add 1,000 new jobs in Seattle, San Diego, and Culver City (near Los Angeles). It's also making a dedicated push into other cities and promising to bring "hundreds" of jobs to Pittsburgh; New York; Boulder; Boston; and Portland, Oregon. The company also recently announced a new office in Nashville.

"Apple is proud to bring new investment, jobs, and opportunity to cities across the United States and to significantly deepen our quarter-century partnership with the city and people of Austin," said Apple CEO Tim Cook. "Talent, creativity, and tomorrow's breakthrough ideas aren't limited by region or zip code, and, with this new expansion, we're redoubling our commitment to cultivating the high-tech sector and workforce nationwide."

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This story originally appeared on CultureMap.

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Building Houston

 
 

Capital Factory's Houston HQ will be in The Ion. Photo courtesy of The Ion

A company that supports entrepreneurship and startups across the Lone Star State with mentorship and funding has announced its new homebase in Houston.

Capital Factory has revealed a new programming partnership with The Ion. Through the collaboration, Capital Factory will host programming, events, and resources within the innovation hub to grow, educate, and support Houston-based startups and entrepreneurs.

"Capital Factory's presence at The Ion will further expand the opportunities for startups and innovators in the Houston region, while strengthening an important pillar of the Texas Startup Manifesto," says Joshua Baer, founder and CEO of Capital Factory, in a news release.

Capital Factory was founded in Austin in 2009 and boosts on being the most active investor in Texas, deploying smaller investments to a multitude of early-stage startups. According to Crunchbase's data, the entity has invested in over 160 companies with 20 exits. Capital Factory officially entered the Houston market in 2019 and doubled down its presence last year when it merged with Station Houston.

Now, with its Houston headquarters moving into The Ion, the two innovation partners will take an inclusive approach to creating connections between innovators, mentors, investors, and markets, per the release.

"We are thrilled to have Capital Factory as a programming partner at The Ion" says Jan E. Odegard, executive director of The Ion, in the release. "The Ion seeks to work with key partners and established brands to help build a rich and inclusive set of startup services that can support all innovators and startups wherever they are in their entrepreneurial journey. Capital Factory brings a proven track record for providing entrepreneurs with services and investments that brings great value not only to The Ion ecosystem, but also to the entire Houston innovation ecosystem."

Capital Factory's first event at The Ion will be Open Coffee on November 16th followed by Open Coworking all day, Baer adds in his statement.

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