Apple Granted Reset on New Campus Deal

Apple Granted Reset on New Campus Deal

Apple Resets North Carolina Campus Deal Apple has won North Carolina’s approval to reset the timelines for its long-delayed Research Triangle Park campus, effectively restarting a $845 million incentive agreement. The state’s Economic Investment Committee agreed to a four-year extension, giving the tech giant more time to meet the investment and hiring milestones tied to its ambitious expansion. This move comes after Apple paused its original construction plans and sought a renegotiation with state officials. Credits : Google Original Deal Tied to Major Investments Under the initial agreement, Apple pledged to invest $1 billion in North Carolina over a decade. The plan included $552 million for the new Research Triangle Park campus and $448 million for expanding its data center operations in Catawba County. In return, Apple could qualify for up to $845 million in tax benefits if it achieved strict annual hiring and spending goals. Construction Still on Hold Despite the agreement, Apple has …