Study: Apple will outgrow new campus in Cupertino before it's built Apple released a study looking at the economic impact the new campus will have on Cupertino, Calif. City of Cupertino By Chris O'Brien June 4, 2013, 1:19 p.m. As part of its application for its new campus in Cupertino, Calif., Apple on Tuesday released a study that measures the company's impact on the Silicon Valley city. The bottom line: It's huge. That may not be a shocker, but some of the numbers and projections are still startling. For instance, Apple currently as 16,000 employees in Cupertino. That includes 3,000 at the Infinite Loop campus (the current headquarters) and 13,000 more at surrounding facilities. That makes Apple the second largest employer in Silicon Valley, according the report, which doesn't identify No. The Apple 2 Campus will eventually have room for 14,200 employees and is slated to be done in 2016. However, the report estimates (conservatively) that Apple will hire another 7,400 employees locally by 2016, bringing its total local employment to 23,400. Which means, even the current and new campus won't be large enough for all the employees. An Apple spokeswoman declined to comment on the report. Cupertino city officials did not return phone calls. The report was prepared by Keyser Marston Associates Inc. for the City of Cupertino under contract with Apple Inc. Here's the full report for your nerdy, urban-planning reading pleasure: Apple Economic Impact on Cupertino Is new Apple app a hint of things to come? Bill Gates backs ResearchGate, a social network for scientists Twitter founder Jack Dorsey takes Vine to new heights atop bridge