Both Apple and Google have announced expansions in recent days that required a ten-figure total to describe.
Hamza Shaban reports the breaking news today: "Google announced Monday that it will spend more than $1 billion to build a new campus in New York City, a major expansion that could add more than 7,000 jobs to the area."
"Google’s New York campus, dubbed Google Hudson Square, will span more than 1.7 million square feet, encompassing multiple leased buildings on Hudson and Washington streets," adds Shaban. More detail on Google's New York expansion plans are available in a blog post written by Ruth Porat, senior vice president and chief financial officer of Google and Alphabet.
Google's announcement comes only days after Apple announced a $1 billion facility in North Austin—just part of a $10 billion data center initiative. Erika Morphy reports on those plans.
"Apple plans to establish new sites in Seattle, San Diego and Culver City and expand in such cities as Pittsburgh, New York and Boulder, Colorado over the next three years. There is also potential for additional expansion elsewhere in the US over time," writes Morphy.
As for the massive Austin-based centerpiece of the initiative: "Apple’s new 133-acre campus in Austin will be located less than a mile from its existing facilities. It will initially accommodate 5,000 additional employees, with the capacity to grow to 15,000, and is expected to make Apple the largest private employer in Austin."
FULL STORY: Google announces $1 billion expansion in New York City
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