Joyce Krawiec serves in the North Carolina Senate. She represents Davie County and Forsyth County, NC. Christian, wife, mother, small business owner, and conservative.
As I write this, the news has not become public. By the time you read it, Apple would have made the big announcement that they are setting up shop in North Carolina. This is indeed a Big DEAL. It’s been in the works for several years and has finally come to fruition.
Apple will be investing $1 Billion dollars in the new facility. The facility will employ 3,000 workers and salaries will average $200,000 per year.
Deal Specifics
Apple plans to invest over $1 billion in North Carolina and will build a new campus and engineering hub to accommodate its growing R&D and operations teams
The Research Triangle Park campus will be over 1,000,000 square feet and initially house 3,000 employees working in Machine Learning, Artificial Intelligence, Software Engineering, and other cutting-edge fields.
As part of its investment, Apple will establish a $100 million fund to support schools and community initiatives in the Greater Raleigh-Durham area and across the state.
Apple will contribute more than $110 million in infrastructure spending to the 80 North Carolina counties with the greatest need — funds that will go toward broadband, roads and bridges, and public schools.
Once the campus is up and running, these new investments are expected to generate over $1.5 billion in economic benefits annually for North Carolina, on top of the benefit the state already receives because of Apple’s current investments in the state.
Apple has had teams in North Carolina since 2002, when it opened its first store in the state at Southpoint in Durham.
Apple currently employs 1,100 employees across the state, including teams supporting Apple’s data center operations in Maiden and its retail store locations in Charlotte, Raleigh, Durham, and Greensboro.
Apple continues to expand its presence at its data center in Maiden, in Catawba County, with nearly 200 employees. Over the past ten years, Apple has invested billions of dollars, far more than its original commitment.
Why Apple Chose North Carolina
North Carolina is the best state in the country to live, work, and do business.
We’ve worked hard to move North Carolina from the bottom of the pack in business climate rankings to near the top.
That Apple chose North Carolina as the location of its first new American campus in many years is a testament to the success of that work.
After all, there’s a reason this transformative project isn’t happening elsewhere in California or in other states like New York.
We’ve spent ten years enacting responsible budgets, low taxes, and reasonable regulations – the winning formula for job creation.
That formula, combined with meaningful investments in education and continuous improvements to school curriculum, is attractive to job creators big and small.
Today, that job creator happens to be the biggest company in the world.
Importantly for me, the footprint of this very large investment will be felt beyond just Wake County.
The rural counties that surround Wake will benefit from the massive economic effects Apple’s new campus will generate.
And, by the rules of the state’s economic incentive program, more than $100 million will be directed to the state’s utility account, which funds improvements to infrastructure in distressed counties.
The tax revenue generated by Apple’s new campus, and the high-paying jobs that come with it, will help fund schools, colleges, roads, and bridges from the mountains to the coast.
Money goes where it’s welcome. It follows the path of least resistance. We have put in place policies that will continue to lure businesses to our great state.
The tax policies we have initiated, and the Regulatory reforms have been a huge boon to our economic outlook. Businesses looking for the best place in the country to set up shop are now considering North Carolina.
Keep watching for more in the future.
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Joyce Krawiec serves in the North Carolina Senate. She represents Davie County and Forsyth County, NC. Christian, wife, mother, small business owner, and conservative.