Arizona is attempting to woo Apple with a $10 million grant and a 70 percent tax break, according to a report.
Apple's new Mesa, Arizona, plant will manufacture glass for its high-tech devices, but only after the state lured the Cupertino, Calif., company with a grant and promise of the facility taxed as a foreign trade zone, according to Bloomberg News. Apple spent $114 million to buy the factory left vacant by First Solar Inc.
However, the state and the local power company, the Salt River Project, had to create renewable energy so Apple would select Mesa as the site. Arizona's newest solar and geothermal plants are happening because of Apple's requests.
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The so-called sweeteners are nothing new. Apple was given $135 million from state and municipal governments to build data centers in Nevada, North Carolina and Oregon, Bloomberg reported. But with an unemployment rate of 7.6, Arizona will likely keep wooing Apple for more jobs.
We believe that locations in California's San Joaquin Valley and deserts could be just as a lucrative for Apple, and closer to its headquarters. It certainly couldn't be any hotter than Arizona.