Apple to contribute $350B to US economy, create 20K jobs over next five years

• Apple will contribute $350 billion to the US economy over the next five years, including a $5 billion Advanced Manufacturing Fund.
• Apple will create 20,000 new jobs over the next five years at its existing campuses and through the opening of a new one.

Apple detailed plans to contribute $350 billion to the US economy over the next five years in a Wednesday press release, including a new $5 billion dollar Advanced Manufacturing Fund and the creation of 20,000 jobs.
The contribution will come from direct employment from Apple, spending with domestic suppliers and manufacturers (estimated $55 billion for 2018), and through the mobile app economy, according to the release. Apple is currently creating and supporting 2 million jobs in the US, the release noted.
The economic contribution will not include tax payments, the release said, nor will it include tax revenues from products sales or employee wages. However, Apple has estimated its planned repatriation tax payments at $38 billion which, combined with other capital expenditures in the US and manufacturing investments, will total $75 billion, the release said.

https://www.techrepublic.com/article/apple-to-contribute-350b-to-us-economy-create-20k-jobs-over-next-five-years/