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Only 1000 will be in Weston while they build out RTP.
Exactly. They start with a small force and then expand when the campus is built in RTP. Traffic around the Weston area will be impacted and may require some improvements, but they could have chosen a worse place.
There really needs to be an integrated residential mixed-use development within the park itself.
They keep talking about it and have been for what feels like forever. As far as I'm concerned they're just blowing smoke. Personally I never really understood the draw of the RTP work lifestyle (in its current form). I prefer to work in/near downtown Durham or Raleigh where I can walk to lunch or walk somewhere for entertainment after work.
Plus having a parking pass paid for by my employer in a deck downtown is amazing for those random events during the year where I don't have to worry about paying for parking.
I'm pretty sure I'm at my last job before I early retire, otherwise I'd be trying hard to get in on this. This is a great get for the area without the significant downside risk of Amazon HQ2 (which we still might get, but I'm starting to think they are going to DC). Getting this and being on the finalists list for HQ2 is going to have a lot of ripple effects of other companies looking here. Hopefully that means more start-ups, too.
If you've been unhappy with the growth in this area, you probably should go ahead and start planning your exit strategy. It isn't slowing down any time soon.
Exactly. They start with a small force and then expand when the campus is built in RTP. Traffic around the Weston area will be impacted and may require some improvements, but they could have chosen a worse place.
I'm not sure they'll even have to do anything along Weston itself, it seems like it was designed up front for this sort of thing. But the McCrimmon/Evans project and 54 widening really needs to happen.
Lowers threshold for "transformative projects" from $4B investment/5,000 jobs to $1B/3,000
Removes $6,500/job cap on incentives
H-1B visa workers won't count as created jobs
10% of incentive will go to rural infrastructure fund
The incentive period is extended from 25 years to up to *40* years for transformative projects
With no cap on incentives, this means a company could receive a significant portion of each new worker's withholdings for 4 decades
interesting they have a H1B clause in there , this area has tons of H1B people. I wonder if Apple will ask for that to be removed.
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