Apple granted a rare timeline extension on new NC campus

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Apple was granted a four-year extension to retain an incentive deal worth up to $845 million in North Carolina. Here are the details.

Exception was granted under a recent disaster relief bill

In 2021, North Carolina granted Apple up to $845 million in tax benefits in exchange for a $1 billion investment in local projects, which included a new, $552 million corporate campus in Research Triangle Park by the end of 2031.

As of June last year, construction had not yet begun. And…



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Apple granted a rare timeline extension on new NC campus


Apple was granted a four-year extension to retain an incentive deal worth up to $845 million in North Carolina. Here are the details.

Exception was granted under a recent disaster relief bill

In 2021, North Carolina granted Apple up to $845 million in tax benefits in exchange for a $1 billion investment in local projects, which included a new, $552 million corporate campus in Research Triangle Park by the end of 2031.

As of June last year, construction had not yet begun. And…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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