Metro mayors might get another use out of the presentations they prepared to court Amazon a few months ago because Apple announced Wednesday it intends to spend $350 billion in business and facilities development, and create 20,000 U.S. jobs in the next five years following the recent corporate tax reductions that dropped Apple's tax rate to 15 percent.
Apple joins Amazon in scouting for a new location. Like Amazon, Apple has not indicated a location for the new campus which is expected to focus on tech support for its customers.
The announcement was made by Apple's chief executive Tim Cook who said, "We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. We have a deep sense of responsibility to give back to our country and the people who help make our success possible."
Apple expects to invest over $30 billion in capital expenditures in the US over the next five years and create over 20,000 new jobs through hiring at existing campuses and opening a new one.
Chicago Mayor Rahm Emanuel joined suburban mayors from Naperville, Hoffman Estates, Oakbrook, and Schaumburg in saying they will try to attract the new campus. Asked directly if the city is going to attempt to attract the new campus, Emanuel replied, "You don't need to know the answer, but it's yes. I don't know what Apple is looking for, but whatever it is, we're going to move for it."
The Apple press release said the location of the new customer support campus will be announced later this year.