$10M state grant to Apple for Mesa plant - East Valley Tribune: Business

$10M state grant to Apple for Mesa plant

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Posted: Tuesday, November 19, 2013 5:49 pm

Apple Inc. qualifies for a $10 million grant from the Arizona Commerce Authority if it opens its proposed new plant in Mesa and meets job creation and capital investment targets.

The amount was released by the commerce authority Tuesday two weeks after Gov. Jan Brewer touted Apple’s decision to buy the never-opened First Solar plant. It will manufacture lenses and other items made from sapphire.

Apple’s contractor may also qualify for a refundable income tax credit equal to 10 percent of its capital investment and for job training cash. GT Advanced Technologies plans to install and own furnaces to create sapphire at the plant.

Tuesday’s announcement came a day after the last of eight local agencies signed off on property tax breaks for Apple’s facility.

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