Apple is searching for a location for a new campus that could host as many as 10,000 employees. It's looking increasingly likely that North Carolina's Raleigh region is a top candidate. The North Carolina Statehouse is preparing an incentives package ...
New Apple campus could be located in North Carolina - Business Insider
Apple is searching for a location for a new campus that could host as many as 10,000 employees.
It's looking increasingly likely that North Carolina's Raleigh region is a top candidate.
The North Carolina Statehouse is preparing an incentives package to lure Apple, a local news outlet reported Wednesday.
Nobody's commenting on the incentives package, which reportedly includes a rebate for as much as 90% of Apple's share of withholding taxes and 30 years of property tax abatements.
Apple said earlier this year that it planned to build a new campus somewhere in the United States for thousands of new employees.
It increasingly looks as though the new Apple campus could land in Cary, North Carolina, close to Duke University, where several top Apple executives went to school.
On Wednesday, Raleigh's WRAL news outlet cited sources as saying that the Apple campus is a "done deal" and that the only hurdle left is for the North Carolina Statehouse to pass a package of tax incentives to score the $1.5 billion investment from Apple.
The sources said there was even an announcement scheduled for early June but added that the deal could still be derailed.
North Carolina was first tipped as a possible location for the new Apple campus on Tuesday. The Washington Post also reported that Virginia officials had pitched Apple.
The incentive package, according to WRAL, could include provisions that grant Apple as much as 90% of withholding taxes from the campus in exchange for 3,000 to 10,000 jobs and 30 years of property tax abatements. Though Apple previously said the campus would hold call-center workers, it seems possible that it would also have high-paying tech jobs.
Apple CEO Tim Cook was in the region to give a commencement speech at Duke on Sunday and has met with Gov. Roy Cooper, WRAL reported.
Apple's search for a new campus location is being conducted in secret. That's in contrast to Amazon's search for a second headquarters in which the company issued an open request for proposals. Apple may have had its heart set on North Carolina the entire time, according to Wednesday's report.
"We're not doing a beauty-contest kind of thing," Cook told Recode's Kara Swisher in a recent interview.
The governor's office declined to comment, saying, "We do not share information about economic development projects before they are final."
North Carolina's head state senator, Phil Berger, declined to comment through a representative, citing a "longstanding policy that we do not comment on economic development prospects."
North Carolina Speaker of the House Tim Moore did not respond to a request for comment. Apple declined to comment.
Know anything about Apple's new campus? Email firstname.lastname@example.org.
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