Apple plans to invest more than $1 billion in North Carolina to build the company’s first East Coast campus
Apple announced plans on Monday to invest more than $1 billion in North Carolina to build the company’s first East Coast campus, a move expected to bring at least 3,000 new jobs to the state.
The development comes as part of an effort by Apple to up investment as the U.S. begins rebuilding from the COVID-19 pandemic, according to a statement from the company.
The North Carolina project falls under a commitment to invest $430 billion and add 20,000 new jobs over the next five years, expanding teams in Colorado, Massachusetts, Texas, Washington, New York, California, and other states.
The campus and engineering hub is located in the Raleigh-Durham area’s Research Triangle Park alongside hundreds of other science and technology firms. The company said that the seat will be home to thousands of additional jobs in machine learning, artificial intelligence, software engineering, and other fields.
The exact timeline for the project was not immediately given. “We are excited to welcome Apple to our thriving technology ecosystem,” said Michael Haley, Wake County Economic Development Executive Director. “This is an important milestone that strengthens our position as a tech hub. Apple’s decision to invest in the Triangle is a testament to our community’s talent, resources, and overall quality of life.”
Apple also said it plans to establish a $100 million fund to support schools and community initiatives and contribute more than $110 million in infrastructure spending to go toward broadband, roads, bridges, and public schools across the state.
The company said it already employs 1,100 workers in North Carolina and expects its investments there to generate more than $1.5 billion in economic benefits annually for the 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,” said Jeff Williams, Apple’s chief operating officer. “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.”