Ah, good guy Apple has just announced a whopping $430 Billion investment in the US. This new investment will offer about 20,000 jobs nationwide over the course of the next five years. More jobs is always a good thing with the job market being so competitive and all. The situation is so bad that you may just find yourself working at some random barbeque or grill even though you have a degree in Engineering. Meh, At least you get free leftovers.
Anyways, Apple has just announced on Monday that it is planning to invest over $430 Billion in the United States. This will greatly help the economic fallout the country is currently in due to the coronavirus pandemic. According to Apple CEO, Tim Cook, “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”. Across all 50 states, that is a huge project. It’s been reported that over $1 billion alone will go into North Carolina where Apple even plans to open a new campus.
Tim Cook further explained that “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”. Its investment will include direct spending with more than 9,000 American suppliers and companies across 50 states. Datacenter investments, capital expenditures, and domestic spendings like Apple TV+ productions across 20 states.
These will create jobs and opportunities for the creative industry helping the declining economy further. This whole investment is almost a 20% increase from the original investment plan that the company had put forward in 2018. The original plan included a five-year plan to invest $350 Billion. Guess being the richest tech company allows you to even spend across a whole country.
As part of its plans for North Carolina, Apple will build a new campus and engineering hub in the Research Triangle area, creating at least 3,000 more jobs. Apple will also establish a $100 million fund to support schools and community initiatives in the greater Raleigh-Durham area and across the Tar Heel state and will be contributing over $110 million in infrastructure spending to the 80 counties with the greatest need. This whole investment for North Carolina is predicted to bring over $1.5 Billion in benefits for the state per year.
According to Apple COO, Jeff Williams who is also a North Carolina native himself, “As a North-Carolina native, I’m thrilled Apple is expanding and creating new long-term job opportunities in the community I grew up in. We’re proud that this new investment will also be supporting education and critical infrastructure projects across the state. Apple has been a part of North Carolina for nearly two decades, and we’re looking forward to continuing to grow and a bright future ahead”.
Well the US really needs those extra jobs, but will those jobs really help the people that actually need them? The people most affected by the pandemic are the workers and the laborers.