Tim Cook, CEO of Apple Inc., worked to defuse a hearing room full of
angry U.S. senators on Tuesday by saying that a new line of Macs will be
assembled -- drum roll, please -- in Texas.
Having squirreled away $102 billion overseas, ably avoiding the IRS through Ireland's extremely low taxes on intellectual property-related income, Cook worked to gain ground against Sen. Carl Levin and others.
"We are investing $100 million for new Macs that will be built in Texas, with components made in Illinois," he said, according to a Fox News account. The Los Angeles Times quoted the unflappable CEO as adding that Florida will also supply components and the plant would rely on equipment made in Kentucky and Michigan.
According to the Fox News report, Cook rattled off current domestic production: "Components for iPhone and iPad are made in Texas, and iPhone glass comes from Kentucky. In total, Apple is responsible for creating or supporting 600,000 new jobs."
Apple announced plans for U.S. computer production last year, but hadn't said just where till now. Its Taiwanese partner in China, Foxconn, already has a plant here, and the generous Austin City Council last year voted the not-so-needy i-everything maker $8.6 million in tax incentives. Just what Apple needs. More tax breaks.
Fidelity Investments wins health award
Fidelity Investments, which has about 4,500 employees at its Westlake campus, is a first-time winner of a national award for promoting health among its workers.
The National Business Group on Health on Wednesday named 65 U.S. employers to its "2013 Best Employers for Healthy Lifestyles" list. Fidelity was recognized for its health and wellness program, which includes on-site fitness centers, healthy dining options and health screenings, and its medical insurance benefits.
Other companies on the list with significant Tarrant area employment include Aetna, JP Morgan Chase, Capital One Financial, Chesapeake Energy, Compass Group, and Arlington-based Texas Health Resources.
New Fort Worth hospital
Victory Healthcare, which in March announced plans for a $51 million hospital in Fort Worth's Medical District, says it will break ground on the facility on June 19 and start construction in July.
It plans a 85,000-square-foot, 25-bed medical center and 50,000-square-foot medical office building on the 6.5-acre site at South Main Street and Pennsylvania Avenue. Victory Medical Center Fort Worth, as the project will be named, is expected to be completed next summer.
Victory Healthcare is based in The Woodlands, north of Houston. In November, it bought a Hurst surgery center, now renamed Victory Medical Center Mid-Cities.
Not-for-profit resource firms merge
The Fort Worth-based Funding Information Center, an information and eduction resource for not-for-profits, has merged with the Dallas-based Center for Nonprofit Management, the groups said.
The merged organization will use the Center for Nonprofit Management name. It is led by President Cynthia B. Nunn, who said the group's goal is "to create an even larger and more valuable pool of affordable resources for nonprofits of all sizes throughout North Texas."
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