North Carolina beefs up tax breaks as Apple scouts new sites - InfoNews

Current Conditions

16.5°C

North Carolina beefs up tax breaks as Apple scouts new sites

May 17, 2018 - 11:15 AM

RALEIGH, N.C. - North Carolina legislative leaders say they're committing to an expansion of tax breaks for companies promising thousands of jobs, a move that comes as people familiar with recruitment efforts tell The Associated Press tech giant Apple is strongly considering the state for a new corporate campus.

The state legislature's top two leaders said Thursday that officials will lower the threshold for so-called "transformative" companies to get massive state subsidies.

A North Carolina government official and an economic development official told The Associated Press that Apple will decide soon whether to build a planned hub near Raleigh. They spoke on condition of anonymity because of the confidentiality of business recruitment.

The economic development official said Apple could create 5,000 jobs, with a later target of 10,000 jobs.

Apple declined comment Thursday.

News from © The Associated Press, 2018
The Associated Press

  • Popular vernon News
  • Comments
View Site in: Desktop | Mobile