Austin has grown explosively over the past decade, but compared to the Bay Area, Apple is still likely to get a bargain on talent and real estate in Texas’ capital city — and it may get more pull in the nation’s capital as well.

Apple announced Thursday that it will spend $1 billion to build a 133-acre campus in Austin that will house 5,000 workers initially, adding to the 6,200 workers it already has in the city. The new campus will have room to grow to host 15,000 workers and should make Apple the largest private employer there.

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