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Apple to build campus in Austin and sites in Seattle, San Diego and Culver City

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Re: Apple to build campus in Austin and sites in Seattle, San Diego and Culver City

#141

Post by donretag »

donretag wrote: post #106
synaesthesisx wrote: post #13

Didn't know about the Culver City expansion, neat! There's a tremendous amount of tech talent in LA, I'm surprised they don't already have a major presence here

I live in LA and I think the level of tech talent is abysmal. At the Java meetup this week, eight people showed up. EIGHT. In the Bay/SF/NYC, there would be over a hundred. I have been to tech gatherings, where I would be the only techie.

I used the wrong wording in my reply. The level of talent is good, it is the tech scene in general that is weak.

I get recruiter emails constantly from companies in SF, Seattle, NYC, etc, but rarely from LA. There are simply not enough companies doing challenging work. Many small little startups trying to solve problems that do not need solving.

Re: Apple to build campus in Austin and sites in Seattle, San Diego and Culver City

#142

Post by gok »

alistairSH wrote: post #77
C1sc0cat wrote: post #53

Earlier quoted context omitted.

Which given FANG salaries they will do. And the state and NYC preying in aid the problems with its tube system is deeply cynical, maybe try to be 1 less corrupt and competent

The highest marginal tax rate in NYC is 3.65%. The effective rate on a $140,000 salary is about 2.6%. Leaving a local tax liability of about $3500. On the same income, NY state has a marginal rate of 6.45% and an effective rate of about 4.3%, for a liability of $6,000. So, in year one, that's a bit over $9000 in revenue from a highly compensated employee. If the $25k figure stated above it true and a one-time incenti…

The deal requires an average wage of $150,000. [1] And with the nature of variance in salaries combined with progressive taxation works out even better for the state; one $100K and one $200K employee will result in more revenue than two $150K employees.

[1] https://www.documentcloud.org/documents/5096409-New-York-Agr...

Re: Apple to build campus in Austin and sites in Seattle, San Diego and Culver City

#143

Post by ethbro »

zelon88 wrote: post #137

For every $1m an EDC gives to a fortune 500 company for relocation, $1m should be allocated to a fund for low interest small business lending. Mom and pop shops have to pay taxes but frauds like Curt Schilling and slave drivers like Amazon get hundreds of millions of dollars (that they don't need) to create mediocre jobs with high turnaround. Leveling the field isn't enough. Conglomerates are too big and too many. We…

Teddy Roosevelt's New Nationalism speech warning of the dangers of combination and attempting to reach a "fair" balance between labor and capital is as relevant today as it was at the turn of the century.

And just a damn good speech.

Skip through the intro about John Brown (he was speaking in Kansas and playing to the crowd)

http://teachingamericanhistory.org/library/document/new-nati...

Re: Apple to build campus in Austin and sites in Seattle, San Diego and Culver City

#144

Post by dmode »

AnthonBerg wrote: post #140
dmode wrote: post #138

So blue cities and states continue to become richer and income inequality will continue to grow. Austin, Seattle, San Diego, LA, NYC.. unbelievable Also, kind of disappointing how low the job numbers are. 5000 in Austin over the next several years and hundreds for other areas. In contrast, Amazon announced 20K in VA and NYC. This tells me that Cupertino will continue to grow

Could it possibly it have more to do with other correlated demographic attributes of those states, such as education level or age or quality of life, rather than the "blueness" or "redness" itself?

I think you hit on a key point that is lost in the "business friendly" discussion that pervades US politics and is singularly focused on tax relief. Whereas anybody who has worked in some kind of relocation strategy knows that tax is only one lever among many to incentivize companies. The biggest lever, in a knowledge economy, is availability of high skilled talent. Simple math suggests that to hire 5000 engineers, you need to interview 50k engineers, which means you need 200-300k at the top of the funnel. Thus, it turns out that the biggest incentive to attract businesses is to make your city attractive for talent. An area with a large talent pool is the most business friendly place, period. And then you have to ask why do such talent concentrate on certain areas of the country and what those areas are doing right.

Re: Apple to build campus in Austin and sites in Seattle, San Diego and Culver City

#145

Post by dwighttk »

InitialLastName wrote: post #114
Latteland wrote: post #90

Earlier quoted context omitted.

Seattle didn't lose Amazon, if that is what you are thinking. We have enough Amazon already, it goes a long way.

I think GP is talking about the Supersonics (NBA team) which moved from Seattle to Oklahoma City in 2008.

Yes lost the SuperSonics, gaining an NHL team

Re: Apple to build campus in Austin and sites in Seattle, San Diego and Culver City

#146

Post by dwighttk »

moorhosj wrote: post #129
InitialLastName wrote: post #112

Earlier quoted context omitted.

I'm a bit lost. What major sports franchise is Atlanta adding? Looking at [0], I see new(ish) soccer, Overwatch and arena football teams, but none of those are really among the "big money" sports in the US, nor do any of those require the sort of support from the city/state that, say, a new NFL stadium would require. [0] https://en.wikipedia.org/wiki/Sports_in_Atlanta

The new Atlanta soccer team, Atlanta United, actually plays in the new NFL stadium that the state spent $1.6 billion to build [1]. Average attendance was 53,000 for Atlanta United this year. [1] https://en.wikipedia.org/wiki/Mercedes-Benz_Stadium

Yes. Lost the NHL and gained the MLS

Re: Apple to build campus in Austin and sites in Seattle, San Diego and Culver City

#147

Post by kitsunesoba »

AnthonBerg wrote: post #140
dmode wrote: post #138

So blue cities and states continue to become richer and income inequality will continue to grow. Austin, Seattle, San Diego, LA, NYC.. unbelievable Also, kind of disappointing how low the job numbers are. 5000 in Austin over the next several years and hundreds for other areas. In contrast, Amazon announced 20K in VA and NYC. This tells me that Cupertino will continue to grow

Could it possibly it have more to do with other correlated demographic attributes of those states, such as education level or age or quality of life, rather than the "blueness" or "redness" itself?

It’s anecdata so take it with a grain of salt, but a lot of red areas like my home town are also extremely resistant to new industries and the changes that they bring on top of being unwelcoming to anybody from out of state and in fact anybody differing significantly from the dominant local culture.

All of this is directly counter to what makes a good location for a new campus. I’m sure that there are red areas that aren’t like my hometown, but from what I’ve gathered a lot of them — maybe even a good majority — are.

Re: Apple to build campus in Austin and sites in Seattle, San Diego and Culver City

#148

Post by Klonoar »

pelagic_sky wrote: post #71

Does anyone have any more info about the expansion in Seattle? I'm wondering if they are going to get more space in the same building or are looking to move.

I believe new space, based on what I know of their current office there.

Obviously I'm not Apple and could be wrong, though.

Re: Apple to build campus in Austin and sites in Seattle, San Diego and Culver City

#149

Post by buboard »

AnthonBerg wrote: post #140
dmode wrote: post #138

So blue cities and states continue to become richer and income inequality will continue to grow. Austin, Seattle, San Diego, LA, NYC.. unbelievable Also, kind of disappointing how low the job numbers are. 5000 in Austin over the next several years and hundreds for other areas. In contrast, Amazon announced 20K in VA and NYC. This tells me that Cupertino will continue to grow

Could it possibly it have more to do with other correlated demographic attributes of those states, such as education level or age or quality of life, rather than the "blueness" or "redness" itself?

on the other hand these are small numbers of jobs so they could have been more mobile.

Re: Apple to build campus in Austin and sites in Seattle, San Diego and Culver City

#150

Post by kiallmacinnes »

bogomipz wrote: post #118
kiallmacinnes wrote: post #80

Earlier quoted context omitted.

That certainly is a cost. But it's not what the parent poster was saying... I'll bet the costs you speak of are covered by income taxes and the corporate tax, with a little leftover per employee (so - a large pot of extra money at the end of the day).

>" I'll bet the costs you speak of are covered by income taxes and the corporate tax, with a little leftover per employee (so - a large pot of extra money at the end of the day)." So you believe all local governments run a budget surplus? You can't be serious. You realize there operating expenses and capital expenses right? Maintaining an existing bridge and building aa new bridge are very different budgetary conside…

Of course not..

But .. What on earth does that have to do with what amounts to giving a quantity discount to large employers?

Yes, if they didn't give a discount, and somehow managed to keep the "sale" anyway, there would be more money in the register - great! However the reality is that without the discount, there is no sale, and no additional money in the register.

It may be that the discount is too great, that's entirely possible. I don't think we have the info to judge this.

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