The campus and engineering hub is expect to create at least 3,000 jobs.
Apr 26th, 2021
AP Photo/Matthias Schrader, File
Apple announced plans on Monday to invest more than $1 billion in North Carolina to build the company s first East Coast campus, a move expected to bring at least 3,000 new jobs to the state. The development comes as part of an effort by Apple to up investment as the U.S. begins rebuilding from the COVID-19 pandemic, according to a statement from the company.
The North Carolina project falls under a commitment to invest $430 billion and add a total of 20,000 new jobs over the next five years, expanding teams in Colorado, Massachusetts, Texas, Washington, New York, California and other states, officials said.
Tim Cook on stage at Apple’s September 10, 2019 event.
Tech giant Apple announced Monday morning it would invest more than $1 billion and create 3,000 new jobs in North Carolina over the next decade.
Apple plans to build a new campus ― spanning about one million square feet ― in Research Triangle Park to house the new workforce
It will be the company s first campus on the east coast. The hub will be home to thousands of jobs in machine learning, artificial intelligence, software engineering and other fields, the company said.
Monday morning, North Carolina’s Economic Investment Committee approved a tax incentive package worth hundreds of millions of dollars, should Apple meet hiring targets.
Apple announces first East Coast campus in North Carolina
By SOPHIA TULP The Associated Press,Updated April 26, 2021, 2 hours ago
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Matthias Schrader/Associated Press
Apple announced plans on Monday to invest more than $1 billion in North Carolina to build the companyâs first East Coast campus, a move expected to bring at least 3,000 new jobs to the state.
The development comes as part of an effort by Apple to up investment as the U.S. begins rebuilding from the COVID-19 pandemic, according to a statement from the company.
The North Carolina project falls under a commitment to invest $430 billion and add a total of 20,000 new jobs over the next five years, expanding teams in Colorado, Massachusetts, Texas, Washington, New York, California and other states, officials said.
Apple announces plans for first East Coast campus in North Carolina business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Apple announces 1st East Coast campus in North Carolina
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FILE - In this Wednesday, Dec. 16, 2020, file photo, the logo of Apple is illuminated at a store in the city center in Munich. On Monday, April 26, 2021, Apple announced plans to invest more than $1 billion in North Carolina to build the company s first East Coast campus, in a move that is expected to bring at least 3,000 new jobs to the state. (AP Photo/Matthias Schrader, File)
Apple is expanding spending in the U.S. and announced plans Monday to build its first East Coast campus, in North Carolina.
The iPhone maker is boosting U.S. spending to $430 billion over the next five years and doubling its hiring plans by 20,000 jobs. It had said it would spend $350 billion in January 2018, just after Congress approved a big tax overhaul that cut corporate taxes.