Apple To Invest $430B Across U.S. Over Five Years

Apple will build a new $1B North Carolina campus, and make job-creating investments in advanced manufacturing and clean energy throughout the country.


https://businessfacilities.com/2021/04/apple-to-invest-430b-across-u-s-over-five-years/
Apple will build a new $1B North Carolina campus, and make job-creating investments in advanced manufacturing and clean energy throughout the country.
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Apple To Invest $430B Across U.S. Over Next Five Years

Apple will build a new $1B North Carolina campus, and make job-creating investments in advanced manufacturing and clean energy throughout the country.

Apple To Invest $430B Across U.S. Over Five Years

Apple has just announced an acceleration of its U.S. investments, with plans to make new contributions of more than $430 billion and add 20,000 new jobs across the country over the next five years.

Over the past three years, Apple’s contributions in the U.S. have outpaced its original five-year goal of $350 billion set in 2018. The company is now raising its level of commitment by 20 percent over the next five years, creating economic benefits in every state. This includes tens of billions of dollars for next-generation silicon development and 5G innovation across nine states.

“At this moment of recovery and rebuilding, Apple is doubling down on our commitment to U.S. innovation and manufacturing with a generational investment reaching communities across all 50 states,” said Tim Cook, Apple’s CEO. “We’re creating jobs in cutting-edge fields — from 5G to silicon engineering to artificial intelligence — investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future.”

Apple U.S. investment
Apple plans to make new contributions of more than $430 billion in the U.S. and add 20,000 jobs across the country over the next five years. (Photo: Apple)

Cupertino, CA-based Apple supports more than 2.7 million jobs across the country through direct employment, spending with U.S. suppliers and manufacturers, and developer jobs in the iOS app economy. The largest taxpayer in the U.S. Apple has paid almost $45 billion in domestic corporate income taxes over the past five years alone.

New North Carolina Campus

As part of its investments and expansion, Apple will invest over $1 billion in North Carolina and begin construction on a new campus and engineering hub in the Research Triangle area. The investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields.

Apple will also establish a $100 million fund to support schools and community initiatives in the greater Raleigh-Durham area and across the state, and will be contributing over $110 million in infrastructure spending to the 80 North Carolina counties with the greatest need. Apple’s investments are expected to generate over $1.5 billion in economic benefits annually for North Carolina.

“Apple’s global name recognition and the scale of its new presence in the Research Triangle will elevate North Carolina’s already strong reputation for producing highly skilled tech workers as well as having the quality of life and affordability that attract more of the same,” said Christopher Chung, chief executive officer of the Economic Development Partnership of North Carolina, which was among the state and local partners that helped attract the Apple investment. “We expect other businesses ― particularly in Silicon Valley and even globally ― to take notice of this major announcement. And that will definitely boost our future recruitment efforts.”

Chung pointed out that the Apple announcement is the latest in a trend of diverse companies with California roots locating operations in North Carolina. So far in 2021, companies investing in North Carolina have included Silicon Valley companies Google, Robinhood, Adverum Biotechnologies and Invitae, as well as Pennymac and Gilead Sciences. In total, these companies are expected to create more than 2,500 jobs in North Carolina.

Expanding Apple’s U.S. Operations

Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the U.S. by 2023. With this latest commitment, Apple is setting a target of creating 20,000 additional jobs in states across the country over the next five years.

  • Apple U.S. investment
    As part of Apple’s commitment to American innovation and job creation, the company plans to create 20,000 new jobs over the next five years, growing its San Diego team to more than 5,000 employees by 2026.

    California: Apple continues to expand its teams across the state and now expects to grow its San Diego team to more than 5,000 employees by 2026 — a 500 percent increase from its 2018 goal. The company will also grow its teams in Culver City to more than 3,000 employees by 2026, expanding its state-of-the-art campus with additional space for these employees and more.

  • Colorado: Apple is growing its engineering team in Boulder, and expects to have close to 700 employees at its offices in the region by 2026.
  • Massachusetts: In 2018, Apple announced it would add hundreds of new jobs in the Boston metro area. With around 200 team members already working in the region, Apple plans to add several hundred new jobs by 2026.
  • Apple U.S. investment
    Construction for Apple’s $1 billion Austin campus is underway, with employees expected to start moving into the space next year. (Rendering: Studio8 Architects and WP Visions)

    Texas: Construction for Apple’s $1 billion Austin campus is underway, with employees expected to start moving into the new space next year.

  • Washington: Apple’s LEED (Leadership in Energy and Environment Design) Platinum office space in Seattle’s South Lake Union neighborhood recently opened for the company’s 1,000 local employees, with plans to add at least another 1,000 team members.
  • Iowa: The design process is underway for Apple’s new data center, which is expected to create over 500 construction and operations jobs in Waukee. Apple is supporting community infrastructure programs, including the creation of Triumph Park, a 66-acre recreation area.

Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, OR.

As Apple grows its teams and operations in the U.S., the company is committed to doing so in an environmentally responsible manner with a focus on renewable energy and green innovation. To date, nearly 60 of Apple’s U.S. sites are LEED certified. The company is carbon neutral for all of its operations in the U.S. and around the world, and last year committed to be 100 percent carbon neutral for its entire supply chain and products by 2030.

Creating Jobs With American Manufacturers And Suppliers

Apple’s $430 billion U.S. investments include working with more than 9,000 suppliers and companies in all 50 states, supporting American job creation across dozens of sectors, including silicon engineering, 5G, and manufacturing.

To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. Awards from the fund have led to breakthrough innovations in laser technology, sustainable material development, 5G infrastructure, and other cutting-edge fields.

In Indiana, Apple will use a new $100 million Advanced Manufacturing Fund investment to open a state-of-the-art facility and distribution center in Clayton. The new facility, which will be operated by XPO Logistics, will accelerate delivery timelines and personalization. The award is expected to create around 500 jobs in Hendricks County by the end of 2024.

“Indiana’s healthy, business-friendly ecosystem continues to bring innovative, cutting-edge companies like Apple to the Hoosier State,” said Governor Eric J. Holcomb. “I couldn’t be more grateful that with a world of options to choose from, Apple selected our state to put down new roots. We’re excited for this tremendous investment, the 500 new career opportunities it brings to Hoosiers and what this commitment means for Apple’s potential future growth in Indiana.”

“Hendricks County is very pleased to have Apple locate in Hendricks County and in Clayton,” said Dennis Dawes, Hendricks County Commissioner. “The local community will benefit tremendously from this new distribution center, and we welcome them to Hendricks County.”

The Indiana Economic Development Corporation (IEDC) offered XPO Logistics Supply Chain Inc. up to $5 million in conditional tax credits based on the company’s job creation plans. The tax credits are performance-based, so XPO will be eligible to claim incentives once employees are hired.

Apple will also make the following investments across the U.S.:

  • Corning
    Corning is among the companies that have received awards from Apple’s Advanced Manufacturing Fund, designed to foster innovation and growth in the sector. (Photo: Apple)

    Kentucky: Corning was the first recipient of an award from Apple’s Advanced Manufacturing Fund, and has received $450 million to support research and development into state-of-the-art glass processes, equipment, and materials. These awards led to the creation of Ceramic Shield, a new material that is tougher than any smartphone glass. Apple’s investment has helped support more than 1,000 jobs across Corning’s US operations in Kentucky and other facilities.

  • Texas: Apple began working with II-VI in Sherman, Texas, in 2017 as part of the company’s Advanced Manufacturing Fund. The laser technology that II-VI manufactures in Texas, New Jersey, Pennsylvania, and Illinois are integral components that help power Face ID, along with Memoji, Animoji, and more.
  • California, Colorado, Maine, Massachusetts, New York, Oregon, Texas, Vermont, and Washington: Apple is spending tens of billions of dollars across these nine states in silicon engineering and 5G technology — two pivotal fields shaping the future of next-generation consumer electronics. With the launch of the 5G-enabled iPhone 12 lineup and the new iPad Pro, Apple has helped expand and expedite 5G adoption across the country, driving innovation and significant job growth among companies that support 5G innovation and infrastructure. The company also recently expanded its New Silicon Initiative — designed to prepare students for careers in hardware engineering and silicon chip design — to engineering programs at Historically Black Colleges and Universities across the country.

Apple is also making investments in new clean energy projects and green technology in the U.S. and around the world. Last month, Apple announced a massive new U.S. energy storage project in California’s Monterey County — joining other energy storage projects the company has invested in, including its microgrid at Apple Park.

solar energy
Apple is carbon neutral for all of its operations in the US and around the world, and last year committed to be 100 percent carbon neutral for its entire supply chain and products by 2030. (Photo: Apple)

Through its $4.7 billion Green Bond, Apple has made recent investments in solar and wind projects in Nevada, Illinois, and Virginia — bringing clean energy and high-paying jobs to local communities across the country.

Apple also continues to support jobs in the innovative iOS app economy, which facilitated $138 billion of commerce in 2019 in the U.S. alone. Today, the App Store supports more than 2.1 million U.S. jobs across all 50 states.

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