BUSINESS
08/09/2012 09:10 am ET

Why Apple's $88 Million Tax Break Doesn't Compute For Nevada

If corporate America is going to lead the way out of the recession, then Apple would seem to be its Horatio Alger. The expansion of the nation's most lucrative tech company into cloud computing is driving demand for vast data centers and the workers needed to build and maintain them. Just last week, Apple gained approval to build a $1 billion server farm in Reno, Nevada—a state that suffers from the nation's worst budget deficit and highest unemployment rate.

But Apple's move will do little to nothing to solve Nevada's employment and budget woes.

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