There were conflicting reports yesterday about the likely location of the new Apple campus the company promised back in January. With a large number of well-paid jobs at stake, there is stiff competition between states.
One report said that North Carolina’s Research Triangle Park was the favored option, while another suggested that Northern Virginia was still very much in the running …
However, a fresh report today from WRAL claims that Research Triangle Park is ‘a done deal’ if the state agrees to tax incentives for Apple.
The proposed incentives appear to be extremely generous.
“It’s a done deal,” one source said, “as soon as we pass this bill.”
But the state believes it would be worth on it, based on the capital expenditure and jobs Apple would bring to the area.
The agreement also includes 30 years of property tax abatements from Wake County, the sources said.
The full report has a lot more detail on Apple’s claimed plans for the development.
Three sources said the state’s economists, who ran numbers on incentives and returns, love the Apple deal. “Our economists have basically told us that the only way this doesn’t work is if you let them leave,” one source said.
There’s no upfront grant money from the state in the proposed incentives package, the two government sources said.
