According to a recent plan submitted to the city of Cupertino, Apple is planning a massive expansion over the next three years. Already the city's largest taxpayer, the company is apparently expecting to grow its employee base by 7,400 employees in an effort to fill the new 3.4 million square foot facility that is in the works. The move indicates CEO Tim Cook feels confident and should give shareholders something to be excited about.
In the video below, Fool.com contributor Doug Ehrman discusses these developments and how the move by Apple could impact shareholders and the city of Cupertino.
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The article Cupertino's Largest Taxpayer Has Big Plans Ahead originally appeared on Fool.com.Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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