Raleigh Tech News Apple Choses Raleigh/Durham for New Hub
Governor Roy Cooper was proud to announce the development of Apple’s entirely new campus and engineering hub. This new campus will bring about $1 billion and at least 3,000 jobs to the state of North Carolina.
Apple Choses Raleigh/Durham for New Hub
After 3 years of waiting and negotiating, Apple decided it will build its new campus in the Research Triangle Park of the Raleigh/Durham area of North Carolina. Governor Roy Cooper was proud to announce the development of Apple’s entirely new campus and engineering hub. This new campus will bring about $1 billion and at least 3,000 jobs to the state of North Carolina.
It has been more than 20 years since Apple has built a new campus in America. Once the campus is up and running, Apple estimates that it will generate more than $1.5 billion a year in economic impact to the state. Apple also plans to create a $100 million fund to support North Carolina’s schools and community initiatives. Apple promised that the new campus will operate on 100% renewable energy as well. Apple is not just creating jobs; they want to be a committed partner with the state of North Carolina.
Apple’s East Coast campus in the Triangle will create new jobs and long-term careers for many people and will encourage job seekers to relocate to the Raleigh/Durham area. This project will also build new partnerships and opportunities. It will create growth for other businesses and industries such as real estate, retail, hospitality, and many more. North Carolina’s elected officials celebrate the ecosystem that Apple will bring.
What Does This News Mean for CSP?
While we do not expect to see a direct impact to our business, it is exciting to see continued growth and investment in our region. Apple joins some other CSP partners such Lenovo and Cisco with a major presence in the area. This helps attract talent and will continue to position the Triangle as a leader within the IT industry.
When One Door Closes, Another Opens
When Apple announced an expansion project going to Texas in 2018, the elected officials of North Carolina were a bit disappointed. North Carolina was in the running for that expansion project as well. However, Apple purchased property in Raleigh and continued to tell NC officials to hold on because North Carolina was on their radar for an even bigger project. As it turns out, being turned down in 2018 worked out better for North Carolina, being that this new hub is far more beneficial than the expansion project.
Apple Steps Up for America
As the United States begins rebuilding from the COVID-19 pandemic, Apple is stepping up on their promises and investments. This tech giant stated that they will boost U.S. spending to $430 billion over the next five years and will double their hiring plans by 20,000 jobs. They already have plans in place to expand their teams in Colorado, Massachusetts, Texas, Washington, New York, California, and other states. Among Apple’s expansion plans is a $100 million distribution center near Indianapolis that will employ approximately 500 workers by the end of 2024.
Opportunities for Raleigh/Durham Techies
Apple’s investment in the Raleigh/Durham area’s Research Triangle Park is expected to bring at least 3,000 new jobs. The job opportunities will include Machine Learning, Artificial Intelligence, and Software Engineers, to name a few. New technology trends are certainly looking in the direction of advancements within these fields. Apple estimates that workers in these fields at the new campus will have an average annual salary of about $185,000.
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