Apple Hopes To Set Up New Research Triangle Campus In North Carolina

Reports are stating that if the state legislators of North Carolina pass a state financial incentive package, Apple will set up three new campuses in North Carolina.

Recent reports have stated that Apple was considering two states to invest in as research campuses, one state was North Carolina, and the second was the state of Virginia. It looks like, North Carolina won for hosting the three new campuses. Apple is hoping to build in the area of Raleigh, Durham, and Chapel Hill, that is if all goes well with the state legislators passing a bill which would allow Apple certain tax incentives.

Part of the incentive package would include three new research campuses built throughout North Carolina, which of course, would bring many job opportunities throughout the designated Triangle region of North Carolina. Economists believe that at least 3,000 new jobs will be offered from this deal, but it is expected to produce between 5,000 to 10,000 research and development jobs over a long-term period.

It seems part of the package deal states that Apple will invest in building a new data center likely in Hickory, Catawba County, spending around $900 million. Another report stated that the agreement would include 30 years of property tax abatements from Wake County. Because this bill is still in the process of being passed, Apple has not made any confirmation about this deal, some have noted because the bill is still in the negotiation stage, there is a slim possibility it could still fall through. The final announcement regarding this deal could be announced by early June.

Sources: WRAL, AppleInsider