Apple claims these new investments combined with its "current pace of spending with domestic suppliers and manufacturers" will add about $350 billion to the US economy over the next five years.
"A payment of that size would likely be the largest of its kind ever made", the press release says. Apple said it plans to spend $55 billion with USA -based suppliers in 2018, up from $50 billion previous year.
The company also said Wednesday that it's planning a $30 billion investment in its facilities across the United States, adding 20,000 more jobs at existing offices and a new campus in a yet-to-be-disclosed location. The company will concentrate on three areas with the investments where it says there will be the greatest impact on job creation. "We have a deep sense of responsibility to give back to our country and the people who help make our success possible". Instead, Apple focuses on the total amount of wage growth and investment it plans going forward, without giving any indication how much of it (if any) is due to its new tax-cut bonanza. Im happy to announce that starting immediately and running through the end of 2018, Apple will match all employee charitable donations, up to $10,000 annually, at a rate of two to one.
Apple also said it would boost its advanced manufacturing fund, which it uses to provide capital and support to suppliers such as Finisar Corp. and Corning Inc., from $1 billion to $5 billion.
Currently, the company has data centers in seven states and it is building new centers in Reno and Nevada.
Apple said it expected to create 20,000 jobs through hiring at existing campuses and through opening a new campus. Later in 2016, then president-elect Donald Trump publicly called out Apple's reliance on China, telling The New York Times that he would "get Apple to build a big plant in the United States, or many big plants in the United States". "The company is also increasing funding for its ConnectED program, so students in historically underserved communities have a chance to learn app coding skills and enjoy other benefits of technology in the classroom".