Apple faces deadline to meet recruitment goals for North Carolina research center or lose $800 million in payroll tax credits

Apple is facing a race against time to meet recruitment targets for its new research and engineering center in North Carolina's Research Triangle Park. The tech giant plans to spend $1 billion on the new campus, which will focus on machine learning, artificial intelligence, software engineering, and other technical fields. However, if the company fails to create at least 126 new jobs by the end of 2023, it will lose eligibility for state incentives worth over $800 million in payroll tax relief by 2061.

The Research Triangle Park is the largest research park in the United States, covering an area of 7,000 acres and is home to 300 companies and 65,000 employees. Apple is expected to employ around 2,700 people in the industry by 2032. In 2018, the company purchased 280 acres of land in the park for $50 million, with the plans to build the new campus being announced in 2021.

Apple's migration to the Research Triangle Park has been in the works for several years, with acquisition records being exposed in 2018. However, there has been little information on the timeline for the project since then. The company will need to ramp up its recruitment efforts in order to meet the 2023 deadline and secure state incentives.

The new campus will be a major addition to the Research Triangle Park, which is already a hub for tech and research companies. It is hoped that Apple's presence will further boost the area's reputation as a leader in the field. However, the company will need to move quickly in order to take advantage of the state incentives and make the most of its investment.

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