Apple pausing plans for East Coast hub at Research Triangle Park, still 'deeply committed' to area (2024)

RESEARCH TRIANGLE PARK, N.C. (WTVD) -- Apple has reportedly paused plans for its East Coast hub at Research Triangle Park.

In 2021, Apple announced its plans for a $1 billion East Coast Hub at RTP.

In May, ABC11 learned that the project appeared to be in a holding pattern.

"Apple has been operating in North Carolina for over two decades, and we're deeply committed to growing our teams here," the company said in a statement to ABC11. "In the last three years, we've added more than 600 people to our team in Raleigh, and we're looking forward to developing our new campus in the coming years."

The new campus is supposed to be located along Little Drive in Morrisville.

Our newsgathering partners at the News & Observer reported on Monday that Apple paused development of its $552 million RTP campus as it seeks to push back the construction timeline in the state. Apple has asked the state to push back the timeline of its incentive deal by four years, according to an N&O source.

"I think the time is always good, but sooner than later because I think the revenue you get, the jobs you create, the ripple effect in the economy is going to put the dollars in the coffer for our towns," said Morrisville Council Member Steve Rao.

Rao acknowledged his disappointment at news of Apple's delay, a feeling that contrasts with his overall excitement of attracting the blue-chip company to Research Triangle Park.

"When you have a market leading company like Apple coming in, that's going to spur innovation," said Rao.

Apple's push to pause its development at the site could impact further investment in the short-term.

"I am concerned that their delay could affect a startup from wanting to move their operations here," Rao explained.

"I have spoken with officials at Apple and they emphasized their commitment to build this transformative campus here in North Carolina," Gov. Roy Cooper said in a statement to ABC11. "Apple has already hired more than 600 people in the Triangle for this project and continues hiring for what will ultimately be among the company's most significant campuses."

The project is expected to create at least 2,700 jobs.

Wake County officials and business leaders expressed confidence the project would eventually come to fruition.

"Wake County has proven time and again to be a great destination for businesses of all sizes, and we're delighted that Apple is expanding its teams and building a new campus here," Wake County Commission Chair Shinica Thomas said. " Apple's commitment to our state, and the job creation and investments already underway, will deliver long-term economic benefits across our community."

"My expectation would be since Apple is delaying, if there had been plans already set by supplier firms related firms, etc., for investments in RTP or around RTP, those would probably be put on hold," said Dr. Michael Walden, a Professor Emeritus of Economics at NC State.

Walden believes the move by Apple is not a reflection of Research Triangle Park's attractiveness, but rather an instance of the company's respective business strategy.

Apple pausing plans for East Coast hub at Research Triangle Park, still 'deeply committed' to area (1)

The project is expected to create at least 2,700 jobs.

"It seemed to me that RTP is becoming more attractive because they're now expanding, allowing some retail and residential development. You drive out I-40, you can see all that," said Walden.

Instead, he believes the growth of AI, and the difficulty of fully grasping the size, scale, and speed of the market, are more likely behind the request.

"My explanation is that this is internal to Apple and their decisions about how fast to move on AI, where they want to go with AI, how successful they will be with AI and apparently the answers to some of those questions, at least temporarily or negatively, that they perhaps are not going to be able to move as fast. They are trying to assess the competition, trying to figure out where things are going. In that sense, this is not unusual," said Walden.

"The technology uncertainty is one thing that's a driver. Another thing that's a driver is regulatory uncertainty," said Steven Allen, an Economics Professor at NC State's Poole College of Management.

Allen pointed to the general trend in the tech industry which saw major hiring in the immediate aftermath of the COVID-19 pandemic, a pattern which has largely dissipated.

"I think clearly the people who are in charge of the real estate part of this deal and the people who were counting on the employment projections are pretty upset. We're not talking about a 60-day delay because permitting in Wake County is a little bit slow. As you said, we're talking about a significant four-year delay," Allen explained.

While emphasizing the region's strengths, from business climate to local talent, Allen agreed that Apple's presence alone would be a key tool in future efforts to draw other companies.

"The area is going to be fine, but it would be a lot easier for the Governor to recruit more tech companies if he knew Apple was coming in a year-and-a-half instead of four years (later), we hope," said Allen.

Paperwork that ABC11 obtained in December 2023 suggested that construction would start in 2026.

"Research Triangle Park is a great home for so many companies, and we're thrilled that Apple will be among them," RTP CEO Scott Levitan said. "Having a company of Apple's stature investing here is a great endorsem*nt of everything RTP offers."

Copyright © 2024 WTVD-TV. All Rights Reserved.

Apple pausing plans for East Coast hub at Research Triangle Park, still 'deeply committed' to area (2024)


Apple pausing plans for East Coast hub at Research Triangle Park, still 'deeply committed' to area? ›

Our newsgathering partners at the News & Observer reported on Monday that Apple paused development of its $552 million RTP campus as it seeks to push back the construction timeline in the state. Apple has asked the state to push back the timeline of its incentive deal by four years, according to an N&O source.

Is Apple still coming to RTP? ›

Three years ago, Apple committed to invest at least a half-billion dollars to build a new campus on the Wake County side of RTP by the end of 2031. No construction has begun.

Is Apple Building a campus in NC? ›

Apple broke three years of silence this week on its planned $552 million campus in North Carolina's Research Triangle Park. The company intends to pause the project for four years, it said, and has asked the state to extend the incentive deal the two sides entered in April 2021.

Where is Apple Research Triangle Park? ›

The site will be located along Little Drive in Morrisville. Apple said the project would create a minimum of 2,700 jobs and consist of up to 682,000 square feet of office space.

Is Apple moving to Cary, NC? ›

For now, Apple leases office space at the MetLife campus in Cary. The California-based tech giant is also leasing a four-story, 139,000-square-foot building in Durham, near Raleigh-Durham International Airport, according to multiple sources familiar with that site.

Where is Apple relocating to? ›

An Apple spokeswoman confirmed the relocation decision, saying the company is bringing its “Data Operations Annotations teams in the US together at our campus in Austin, where a majority of the team is already based.” She added that “everyone currently employed will have the opportunity to continue their role with ...

Is Apple moving to the triangle? ›

The site for Apple's future campus in Research Triangle Park is a large piece of wooded land along Louis Stephens Drive and Little Drive. It's been almost three years since Apple announced plans for a huge campus in Research Triangle Park.

Where does NC rank in Apple production? ›

Where does NC rank with respect to other states in apple production? NC ranks seventh in apple production in the United States.

How big is the Apple RTP campus? ›

Its campus on the Wake County side of RTP is supposed to span about 1 million square feet and was originally scheduled to be completed by 2031. But the Triangle Business Journal reported that Apple confirmed the project was on pause and aimed to extend its timeline for completion of the campus by four years.

Is Apple campus still used? ›

The Apple Campus is the former corporate headquarters of Apple Inc. from 1993 until 2017. In April 2017, it was largely replaced by Apple Park (aka Apple Campus 2), but is still an Apple office and lab space. The campus is located at 1 Infinite Loop in Cupertino, California, United States.

How many companies are in Research Triangle Park? ›

Research Triangle Park is a community of more than 60,000 employees and more than 375 companies.

What does Research Triangle Park do? ›

A Hub of Research and Development

Stretching 7,000 acres across Durham and Wake counties, the park is home to 250+ businesses, ranging from Fortune 100 multinational R&D operations to entrepreneurial-driven start-ups.

Is Google coming to Raleigh? ›

How Raleigh-Durham is prioritizing innovation and entrepreneurship to build a strong tech workforce as companies like Apple and Google move to the region. Companies like Apple and Google have announced plans to build campuses in the Raleigh-Durham region.

Who is the largest employer in Cary NC? ›

Cary is home to world-class businesses. The largest employer is SAS Institute Inc., the biggest privately-held software company in the world. Other widely known companies in Cary include: Epic Games, Deutsche Bank, American Airlines, LORD Corp., Verizon, John Deere, Kellogg's, and Siemens.

Why are people moving to Cary NC? ›

In conclusion, there are many reasons why New Yorkers relocate to Cary, North Carolina. The town offers a high quality of life, affordability, job opportunities, a mild climate, and a family-friendly environment.

Is Apple coming to North Carolina? ›

Apple made a promise in 2021 when the announcement was first made, to bring 3,000 jobs to the area as part of a $1 billion investment in North Carolina. The minimum average wage for the jobs is expected to be $187,000. For all of their new employees, Apple is planning to build about 700,000 square feet of office space.

Will Apple ever be open source? ›

Open source software is at the heart of Apple platforms and developer tools. Apple manages the following projects and encourages your contribution.

What will Apple do in 2024? ›

Late 2024 to Early 2025

Apple will begin updating the Mac lineup with M4 chips starting in late 2024 and early 2025. iMac - The 24-inch iMac will be updated with the next-generation M4 chip in late 2024.

What Apple products are coming out in 2025? ›

Apple also plans to drop its less expensive model iPhone Plus and intends to launch a cheaper iPhone, a successor to its iPhone SE in the spring of 2025, the report said.

Top Articles
Latest Posts
Article information

Author: Gregorio Kreiger

Last Updated:

Views: 5967

Rating: 4.7 / 5 (77 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Gregorio Kreiger

Birthday: 1994-12-18

Address: 89212 Tracey Ramp, Sunside, MT 08453-0951

Phone: +9014805370218

Job: Customer Designer

Hobby: Mountain biking, Orienteering, Hiking, Sewing, Backpacking, Mushroom hunting, Backpacking

Introduction: My name is Gregorio Kreiger, I am a tender, brainy, enthusiastic, combative, agreeable, gentle, gentle person who loves writing and wants to share my knowledge and understanding with you.