Lowest paying Apple jobs in RTP will be worth $133,000 a year, new documents reveal

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Wednesday, June 23, 2021
Documents reveal new details about Apple's deal for RTP campus
The records from the Department of Commerce show the state's Economic Investment Committee approved an $845 million jobs grant that would be tied to new jobs created by Apple for the proposed project through the end of 2032.

RESEARCH TRIANGLE PARK, N.C. (WTVD) -- Newly released documents give some new insight into Apple's move to the Triangle.

The records from the Department of Commerce show the state's Economic Investment Committee approved an $845 million jobs grant that would be tied to new jobs created for the proposed project through the end of 2032.

Apple would have to create a minimum of 2,700 jobs by then to avoid defaulting on the grant.

READ MORE: Wake County leaders discuss the significance of Apple to RTP

The jobs would be created between 2023 and 2032.

In the first three years, the jobs must pay a minimum of $133,000 a year and $168,000 in every year after that.

WATCH: State leaders explain why Apple's investment is such a big deal

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Apple is looking to invest $1 billion to build a campus and engineering hub in Research Triangle Park.

The campus would house at least 3,000 employees.

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NC State economist Michael Walden says North Carolina will be the future for the economy in the country.