North Carolina regulators have formally approved Apple's request to delay the hiring and investment targets required for its planned corporate campus in Research Triangle Park. On Tuesday, the state's Economic Investment Committee agreed to a four-year extension on the project, pushing back the deadlines Apple must meet to qualify for hundreds of millions of dollars in tax incentives.
The original agreement, announced in April 2021, involved a commitment from Apple to invest $1 billion in the state over ten years. This included $552 million to construct a new campus in Wake County capable of housing 3,000 employees, alongside $448 million to expand an existing data center in Catawba County. In exchange, the state offered a "transformative" grant that could yield up to $845 million in tax benefits if Apple hit specific job creation and investment milestones.
Apple has not yet broken ground on the RTP campus. In June 2024, the company confirmed it was pausing the project for four years while it negotiated with state officials. Despite the construction delay, Apple has hired approximately 600 employees in the Raleigh area since the initial announcement, housing them in leased office space.
The extension was facilitated by a legislative change included in a recent state budget bill. The new law allows transformative grants to be reset if a company maintains at least 1,000 employees in the state and has not yet received any incentive payments. Under the revised timeline, 2027 will now count as the first year Apple is required to meet its hiring commitments.