Pro-Growth Policies Lead to Apple Announcing New 3,000 Employee Campus & $1 Billion Investment in NC
Raleigh, N.C. - Apple Inc., announced today plans to invest more than $1 billion in North Carolina and build a new campus in Research Triangle Park (RTP) employing 3000 workers. The Cupertino, California based company will use the new campus as an engineering hub to accommodate its growing R&D and operations teams.
The RTP campus will be over 1,000,000 square feet andwill run on 100 percent renewable energy. Employees will work in cutting-edge fields such as Machine Learning, Artificial Intelligence, and Software Engineering. Apple will also continue to expand its presence at its data center in Catawba County, where it currently employs nearly 200 employees.
“The General Assembly is committed to creating the type of business environment where successful companies like Apple can flourish” said Speaker Tim Moore. “With our pro-growth tax code and policies that prioritize job growth and new investment across the state, the General Assembly has guaranteed that when a company like Apple chooses North Carolina, all of North Carolina wins.”
As a part of its investment in the state, Apple will establish a $100 million dollar fund to support school and community initiatives in the Raleigh-Durham area and throughout North Carolina. Apple will also contribute more than $110 million in infrastructure spending to the state’s Utility Fund, which goes towards broadband, roads and bridges, and other public infrastructure projects in rural North Carolina.
The total economic benefit to the state from these new investments will total $1.5 billion annually.