Apple Delays Build Of Taxpayer-Subsidized North Carolina Campus [Forbes]
Apple Inc. (AAPL)
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Source: Forbes
Valley, Cupertino, California, August 26, 2018. (Photo by Smith Collection/Gado/Getty Images) Apple Inc. its plans to build a corporate campus in Research Triangle Park, which is sited on the boundaries of Raleigh, Chapel Hill and Durham in North Carolina. Construction was originally slated to begin in 2026, but the tech giant has reportedly told state officials of its desire to delay groundbreaking for up to four years. The delay would be a considerable setback for the area, which anticipated substantial economic growth and job creation from the project. The first phase of the project was expected to include six buildings across 41 acres, with a promise of a future expansion on a 281 acre site. The proposed project was intended to house roles in machine learning, artificial intelligence, and software engineering, with salaries approaching $200,000. As the region grapples with news of the delay, the broader implications in terms of economic development are somewhat less clear.
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