Apple plans to spend $ 1 billion to build a new campus and engineering facility in the North Carolina Research Triangle area. This project joins a campu in Austin, Texas, which was announced in 2019. On Monday 04/27/2021 the subenvion was approved for the development of this project. State officials determined that around 3,000 jobs will be created that will generate about $ 1970 million in new tax revenue for the state. Apple increased its spending target to $ 430 billion by 2026, as its intention is to exceed the goal set 5 years ago of $ 350 billion.
Apr 26 (Reuters) - Apple Inc (NASDAQ: AAPL) said on Monday it will establish a new campus in North Carolina that will house up to 3,000 employees, expand operations in several other US states and increase its spending targets with local vendors. .
The tech giant said it plans to spend $ 1 billion building a new campus and engineering center in the Research Triangle area of North Carolina, where most of the work is expected to focus on machine learning, intelligence artificial, software engineering and other technological areas.
This project joins a $ 1 billion campus in Austin, Texas, announced in 2019. The North Carolina Economic Investment Committee approved a labor initiative grant on Monday that could provide Apple with up to $ 845.8 million. dollars in tax refunds over 39 years if the firm meets employment and growth goals.
State officials said the 3,000 jobs are expected to create $ 1.97 billion in new tax revenue for the state over the grant period.
Apple also raised the U.S. spending target to $ 430 billion by 2026, down from the five-year goal of $ 350 billion Apple set in 2018, which it said it was on track to exceed.
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