Apple granted a rare timeline extension on new NC campus

Apple was granted a four-year extension to retain an incentive deal worth up to $845 million in North Carolina. Here are the details.

Exception was granted under a recent disaster relief bill

In 2021, North Carolina granted Apple up to $845 million in tax benefits in exchange for a $1 billion investment in local projects, which included a new, $552 million corporate campus in Research Triangle Park by the end of 2031.

As of June last year, construction had not yet begun. And…