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Apple Announces $1 Billion Investment in North Carolina
On Monday, Apple announced plans for a $1 billion investment to build a campus and engineering hub in North Carolina’s Research Triangle. When completed, this can generate at least 3,000 new jobs for the area.
RELATED: Apple Posted Record Sales of $111.4 Billion
Apple’s $1 Billion Investment Its First In East Coast
Apple’s Research Triangle plans are its first major East Coast investment. It also represents its first new US campus in 20 years.
Last time, the tech giant decided to extend its Austin, Texas campus in 2018 instead of creating a new one in North Carolina. The State’s governor, Roy Cooper welcomed Apple’s $1 billion investment.
“I believe this project is much more transformational than the expansion we would have gotten in 2018,” he said. The hub will bring plenty of jobs to the local technology industry including machine learning, artificial intelligence, software engineering, and others.
Once completed, Apple said its investments will generate upwards of $1.5 billion in annual economic benefits for the state. Jeff Williams, Apple's Chief Operating Officer, is thrilled for his home state. “As a North Carolina native, I'm thrilled Apple is expanding and creating new long-term job opportunities in the community I grew up in.
We're proud that this new investment will also be supporting education and critical infrastructure projects across the state. Apple has been a part of North Carolina for nearly two decades, and we're looking forward to continuing to grow and a bright future ahead,” he said.
Immediate Hiring for the Campus
Apple expects hiring for the new campus to begin immediately. The company will lease local office space to accommodate new workers until construction on the 1,000,000 square foot campus completes. Apple’s campus will rise in Wake County near the Research Triangle Park.
“Even in a pandemic, North Carolina has been on a run with 10 companies and thousands of new jobs in both rural and urban North Carolina announced within just the last two months. Well it's about to be 11 and this may be the biggest of them all,” Governor Cooper said. The projected salary for Apple’s new jobs in North Carolina will average $185,000 per year.
At Least 3,000 Jobs To Rise
Meanwhile, State Senate President pro tempore Phil Berger agreed with Apple’s investment. “There's no question North Carolina is the best state in the country to live, work and do business. There's a reason this transformative project isn't happening somewhere else,” he said.
NC State economist Mike Walden said he expects Apple’s projected 3,000 jobs to double. He said other ancillary jobs will surface that caters to the Apple campus and new high-income earners.
“This is just an amazing investment catch for the Triangle for North Carolina,” Walden said. Machelle Sanders, North Carolina Secretary of Commerce, will help ensure Apple prioritizes diversity and inclusion.
“The marginalized communities need to be lifted, need to be part of and consideration of economic development and they need to feed the pipeline of the workforce of companies,” she said.
Apple’s $1 Billion Investment Is Just The Beginning
Apple’s Research Triangle investment is just part of their commitment to investing more in the US. The company also announced Monday it’s increasing its investment by 20% and adding 20,000 new jobs.
Apple’s investment now totals $430 billion. This new round stretches across 9,000 companies in all 50 US states. It includes ventures supporting new technology such as 5G and silicon engineering.
Currently, Apple employs 147,000 workers. Its commitment to add new jobs will spread across five years and into states such as Colorado, Massachusetts, Texas, Washington, New York, California, and other states.
Also, the company pointed out its status as the largest taxpayer in the country, with over $45 billion in domestic income taxes in the last five years.
Stepping Up As Suppliers Fail
Apple's massive investment comes as its suppliers’ earlier commitments fell short of expectations. Notably, Apple supplier Foxconn earned a massive fail in its attempt to build a massive electronics factory in Wisconsin.
Instead of its pledge of $10 billion and 13,000 jobs, Foxconn is now projecting less than 1,500 jobs. Meanwhile, its incentives package shriveled to $80 million.
Watch the Fox 46 Charlotte video report where Apple announces new campus, 3K jobs in Research Triangle Park:
Loading ...Given Apple’s extensive investments in its home country, will you support Apple by buying its products and services? Do you support companies who commit to investing locally?
Let us know what you think about American companies staying put when investing. Share your comments in the comment section below.
11 Comments
Funny, Here in NC we keep getting these mega companies like Apple & Google coming to town with promises of great economical advantages but all we get is giant corporations pretty much getting tax free rides from our paid off corrupt politicians like our idiot Governor. The local economy only grows by the mass amounts of northers flooding into the areas in hopes of great jobs but with google they brought their own people in and the local economy did not improve at all in that area. A matter of fact local citizens are still trying to figure out where these Google employees actually shop and live because you seemingly never meet anyone that works in the fortress on the hill?? Our little conservative state which was mostly rural is going the way of northern VA in an alarming rate and will be liberal as hell in the next 5 years. Very sad!!
Just another way to preach there communist ways to our young people
Big tech they all need to be locked up for the treason they have committed
There was a poll done. The poll reports 56 percent of the left wing liberals have some form of mental illness! What I have seen in the last 4 years and 3 months! I truly believe it!!!!!
I agree with BBA, they are destroying NC with massive growth and resulting tax increases and liberal policies. I can not stand it, all in the name of growth and money.
I don’t buy apple products because they are too expensive and when I first looked into getting a computer, they were not compatible with many of the business softwares that I needed to use.
Also, I understand that if you didn’t get educated on computers in school and if the only computers you learned to use were Dell, then apple products would be hard to learn.
ALL COMPANIES ARE THE SAME. THEY ALL ARE IN IT TOGETHER. TOO BAD THEY START SMALL AND END UP JOINING APPLE/ AND OTHER HI TECH ENTITIES. THE WORST OF THE WORST. They are ignorant. Americans are on to them. I HAVE ALWAYS HEARD THAT SOME PEOPLE ARE SO SMART THEY ARE DUMB. WELL BIG TECH FALLS INTO THE CATEGORY.
UNFORTUNATELY, WE ALL GOT TAKEN IN A LONG TIME AGO. THIS IS NOTHING NEW.
TO ADD INSULTING US and CENSORING US THEY CAN NOT PRODUCE THE SERVICES THEY PROMISED AND CHARGE A FORTUNE SITTING IN THEIR GATED COMMUNITIES IN THEIR CUSHIONED CHAIRS BEING GUARDED BY ARMED SECURITY.
WE PAY A BIG PRICE FOR SERVICE WE DONT RECEIVE WHERE I LIVE. THEY DO NOT CARE ABOUT ACCESS FOR SCHOOLS EXCEPT TO PASS ON PROPAGANDA.
NOR FOR ANYONE FOR THAT MATTER . UNFORTUNATELY WE ARE STUCK UNTIL THE RIGHT SIDE OF OUR GOVERNMENT PIUTS AN END TO THEIR PROPAGANDA AND THEIR SNOBBISH ATTITUDES.
I WONDER HOW MUCH MONEY PASSES HANDS AMONG BIG BUSINESS AND GOVERNMENT. .
THEY DON”T CARE ABOUT ANY OF US.
All AMERICAN companies should be built and supported in America. Period.
Our workers are important. Our economy is important. Our future is important.
They are totally proprietary! Example: lightening connector, and they took the Skype idea and came up with face-time which will not work with any of the other computer platforms other than Apple. They sell $1,000.00 plus cell phones to the flock but they should be called corded phones because none will hold a charge to last through the day. Then, when they want more of your money they change the operating system to something you can’t update to so you have to spend lots of your hard earned money to buy it all again!
WOW…. THESE COMMENTS INDICATE NOTHING BUT NEGATIVE FEELINGS. I WONDER IF ALL THESE PEOPLE REFUSE TO BUY FOREIGN MADE OR OWNED PRODUCTS. IF THEY DO THEY WILL THROW AWAY ALL THEIR TV SETS, RADIOS, AND HOW ABOUT THEIR UNDERWEAR. BETCHA CAN’T FIND A BRA OR LADIES PANTIES MADE IN THE USA.
We must keep american companies keeping the edge on technology.At the same time .We must never forget why this country was sought after .Thise before us was ruled and controlled by big families and government s .We must never allow our government nor let companies use advanced technologies against and control its people .I prey those of company and government power dont let it go to their heads .There is plenty of every thing for all of us with out controling others .
I don’t support companies that prohibit free speech and are in bed with the One World Order. All my products are South Korean and not 5G. I will always boycott Apple unless it divorces itself from the global elite.