Apple’s new glass plant in Arizona has finally received the official seal of approval from the local government and some newly released documents reveal that in order to lure the tech behemoth to the Valley of the Sun, the Arizona Commerce Authority sweetened the pot by offering Apple a $10 million grant, plus some tax incentives.
The Gilbert Public School Board was the last of eight entities to approve the tax breaks for Apple, who plans to build a high-tech glass manufacturing plant in Mesa that will bring over 700 jobs to the area plus an additional 1,300 construction jobs while the plant is being built. According to one third-party economic study, Apple’s investment is estimated to generate more than $102 million in tax revenue over five years.