Apple's $100 Million Factory to Create About 100 Jobs?

Apple's $100 Million Factory to Create About 100 Jobs?

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Apple has announced that it's spending $100 million to bring some production back to the U.S. A factory of this size is estimated to employ around 200 workers, reports Bloomberg.

The investment “sounds like a 200-job operation with about a million-unit output,” said Dan Luria, a labor economist at Michigan Manufacturing Technology Center in Plymouth, Michigan, who studies factory operations. Apple will probably rely on tax breaks and other incentives for the facility, he said.

Notably, Apple may still be working with Foxconn for U.S. production. Foxconn says, "We are looking at doing more manufacturing in the U.S. because, in general, customers want more to be done there.”

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Apple's $100 Million Factory to Create About 100 Jobs?
Rick - December 11, 2012 at 3:05am
Apple and its crooks... Bunch of thieves who are robbing America of its innovation by frivolously suing everyone....
not - December 10, 2012 at 4:30am
Unless our government doesn't realize that all the policies they imply are not beneficial to US small businesses we need to ship jobs overseas.How about NO TAX for All startups first 2 years and penalty for person trying to open and close business for tax purposes. How about government assisting offices for small businesses ,,, how about large companies look little ones as potential partners to invest. Steve Jobs and many tech pioneers had no support , no help , no credit , no bank landed money to start what they now have multi billion company as Apple. But now , when Apple is up and running , it became the largest taxpayer ... In order to solve unemployment problems you need to look back on the structure instead of looking new solutions for future.
Copperhead - December 9, 2012 at 6:50pm
They are spending $100 million for 100 jobs.?? I can spend $2 to $5 million and create a towing company that will give 450 full time jobs.
JustMakeSense - December 9, 2012 at 7:27pm
Then why don't you do that? Instead of just posting about it, actually do it. Or maybe share the idea? Because the math I'm coming up with doesn't allow for that: 450 employees at a very low rate of $10 per hour is $720,000 a month; 100 tow trucks, at say $30,000 is $3,000,000 up front plus taxes - still need to add your name to each truck so we'll call that $15,000. Rent a building at $15 per square foot at 1,500 square feet is $22,500 a month - thus includes a decent size lot to store some towed cars and your fleet. Office equipment we'll call it a total of $10,000 on the low side. Gas is not cheap, but we'll have to get it! So, 100 trucks at 20 gallons each tank and a low price per gallon of $3.25 is $6,400 and $25,760 a month, assuming they only fill once a week (good luck.). Taxes and insurance and fees will probably be about $10,000 a month. (Continued)
JustMakeSense - December 9, 2012 at 7:32pm
Basic utilities around $2,000 a month low ball. Now there's still more: Cell phones $51,900 with taxes, this includes all 100 drivers, 5 dispatchers, and 25 other employees like the president, vp, CEO, etc.
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