Apple announces it will contribute $350 billion to the US economy over next five years

US Economy Apple

Apple earlier today said it plans to inject more than $350 billion into the U.S. economy over the next five years by focusing on three specific areas: direct employment with the company, investments in domestic suppliers and manufacturers, and lastly, via the app economy. As Apple noted in a press release issued a short while ago, the company is "already responsible for creating and supporting over 2 million jobs across the United States and expects to generate even more jobs as a result of the initiatives being announced today."

Specifically, Apple said that it plans to create more than 20,000 jobs over the next five years and invest upwards of $5 billion into its advanced manufacturing fund. If you recall, Apple last May created a $1 billion fund designed to invest funds in U.S. based companies involved in advanced manufacturing.

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Apple announces it will contribute $350 billion to the US economy over next five years originally appeared on BGR.com on Wed, 17 Jan 2018 at 13:44:32 EDT. Please see our terms for use of feeds.

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