Apple’s long-delayed North Carolina campus is effectively restarting, with state officials granting the company a few more years to meet its hiring and investment promises.
Lake Betz at Research Triangle Park | Image credit: Abhiram Juvvadi
Lake Betz at Research Triangle Park | Image credit: Abhiram Juvvadi
After years of stops and starts, North Carolina has granted Apple a four-year extension to meet hiring and investment goals for its Research Triangle Park campus. Effectively, the process has started over again, with 2027 considered “year one” rather than the previously agreed-upon 2024.
The Economic Investment Committee, the state board that approved the incentives in 2021, agreed to this extension on Tuesday at Apple’s request. According to The Herald, until recently, the state could only extend such grant requirements a maximum of 24 months — though that changed in June.