Apple recently announced it will build a second campus in Austin, bringing new jobs and industry to Williamson County. Why Williamson County? Apple conducted a private, nationwide search around the same time Amazon began their more public search for a new campus. They settled on Williamson County for some of the same reasons our clients do. The first reason were the high quality Leander ISD and Round Rock ISD schools that serve the area. Plus, Williamson County agreed to some pretty lucrative tax incentives, which will help Apple invest in the company.
What Tax Incentives did Williamson County Ofer?
Williamson County came to win. Unanimously approving a large economic incentive, Williamson County will reimburse Apple 65% of the property taxes paid on its forthcoming $1 billion campus for 15 years. This will total around $16 million in reimbursements to the company.
How Many Tech Jobs will Apple Bring to Austin?
At first, you’ll see an influx of 4,000 new tech jobs land at Apple’s new campus. Reports are it could grow to up to 15,000 tech jobs. The quickest impact on our local economy, however, will be the need for skilled construction workers. With the increasing amount of building going on all around the Austin area, we’ve seen a shortage of skilled construction crews, so likely these jobs will have to be filled from outside the area.
Where is Apple’s New Campus Located?
Apple’s new campus will be located at Parmer Lane and McNeil, about a mile and a half from the existing campus.
Apple’s New Campus will Fast Track Parmer Lane Improvements
The Parmer Lane Transportation Improvement Plan, which has been on the council’s radar for 6 years, is getting fast tracked to ease some of the inflow of traffic when Apple’s new campus opens. Improvements include managed lanes, added turn lanes and the removal of stop lights.
When Will Apple’s New Campus Open?
It is unclear when the project will be completed as it is still in the early stages of land development. Estimates are a few years, but no timeline has been presented yet.
Schools Near Apple’s New Campus
Apple’s new campus is located near the highly rated Round Rock ISD and Leander ISD. Both large districts with hundreds of schools, you’ll find sections of the districts that are highly rated and other sections that are more average. Depending on how far you’re willing to drive, you’ll find options for existing and new construction in an affordable price range, especially when you compare home prices with prices in Apple’s other hubs.
Williamson County is a Solid Choice for Home Buyers
Whether you’re working at Apple, or any of the other tech companies on Parmer Lane, Williamson County is a great choice for home buyers looking for value. Combine a top rated school district, newer homes, and affordability, Williamson County has been a no brainer for years. Though it has gotten more expensive over the past 10 years, Travis County home prices have increased even faster. If you’re looking for a great value and don’t mind a more suburban feel, Williamson County might be the place for you.
Not Sure Which Williamson County Neighborhood to Choose?
Our Austin Neighborhood Finder is a great resource for you. By answering our questionnaire about what you’re looking for in a home and neighborhood, our neighborhood specialists can tell you where you’ll find it.
Considering Relocating to Apple’s Austin Campus?
We’ve helped several families relocate to Austin’s Apple Campus. With some information about what type of home you’re looking for, we can show you where you might find them here. For more info about our relocation program, which is free to home buyers, check out our Guide to Relocating to Austin. Then, simply email us at info@11OaksRealty.com, call us at (512) 827-8323 or fill out our Buyer Survey to schedule a no obligation consultation.