Apple NC Campus means $ 1 billion for the state

Location of Apple North Carolina campus

Apple is once again expanding its presence in the United States. The Cupertino-based tech giant announced on Monday, April 26, 2021, the next $ 1 billion campus in North Carolina. The Apple According to information provided to CNBC, the NC campus is expected to bring more than 3,000 new jobs to the region.

Expansion Apple’s US Jobs

The news comes two years after the Research-Triangle Park region lost a $ 900 million campus. At that time, Apple instead chose to expand its campus in Austin, Texas. Apple currently plans to open the expanded Austin campus in 2022. With the addition of tea Apple NC campus, the tech giant doesn’t just create jobs. Apple it also clarifies its determination to expand beyond its Cupertino headquarters.

Most Apple Engineering is headquartered in Cupertino, where the behemoth employs around 25,000 people. About 12,000 of these employees work on Campus Spaceship. In Raleigh, Apple it will have more than 3,000 people working on technology, including software engineering and machine learning.

Apple’s planned RTP Campus

The Research-Triangle Park region, named after nearby North Carolina State University, Duke University, and the University of North Carolina, has long been home to tech giants. IBM, Lenovo, Oracle and Cisco, among others, already have large presences in the area. Google is also planning a new engineering hub in the region.

Apple’s proposed location on the new 1 million-square-foot campus in North Carolina (Image credit: WRAL)

The Apple The NC campus will be a 1 million square foot facility and the 3,000-plus employees will earn an average salary of $ 185,000. These works will cover machine learning, artificial intelligence, software engineering and other cutting-edge sectors. Apple apparently he plans to build the campus on land between Louis Stephens Drive and Davis Drive off the Triangle Expressway.

The company doesn’t just plan to bring jobs to North Carolina. Cupertino told NC WRAL news affiliate Raleigh that it is creating two funds to be returned to the area. One includes $ 100 million to support schools and community initiatives in the Triangle. The other investment, worth $ 110 million, will go to infrastructure in 80 North Carolina counties.

The advantages of the Apple North Carolina campus

Of course, the deal benefits both Cupertino and North Carolina. In addition to being able to draw on a large number of technology graduates each year, Apple negotiated tax incentives for the transaction. The North Carolina Economic Investment Committee, part of the state’s Department of Commerce, recently made a deal with Apple on a contract that provides millionaire tax incentives in exchange for meeting the company’s new business needs.

On the part of the state, associated investment and job creation Apple According to University of North Carolina economist and professor Dr. John Connaughton, the North Carolina campus is expected to generate “at least $ 1.5 billion annually for the state of North Carolina.”