North Carolina
Apple Delays Build Of Taxpayer-Subsidized North Carolina Campus
Close-up of blue logo on sign with facade of headquarters buildings in background near the … [+]
Apple Inc. appears to be delaying its plans to build a corporate campus in Research Triangle Park, which is sited on the boundaries of Raleigh, Chapel Hill and Durham in North Carolina.
Construction was originally slated to begin in 2026, but the tech giant has reportedly told state officials of its desire to delay groundbreaking for up to four years. The delay would be a considerable setback for the area, which anticipated substantial economic growth and job creation from the project.
The first phase of the project was expected to include six buildings across 41 acres, with a promise of a future expansion on a 281 acre site. The proposed project was intended to house roles in machine learning, artificial intelligence, and software engineering, with estimates of 3,000 jobs with salaries approaching $200,000.
As the region grapples with news of the delay, the broader implications in terms of economic development are somewhat less clear. The taxpayer-funded incentives bound up in the project may have made the development less of an unalloyed positive for North Carolinians.
Massive Taxpayer Contributions
The cost to North Carolina for securing Apple’s investment was substantial, with $845.8 million in tax breaks promised over 39 years and local incentives adding another $20 million. The all-in cost to taxpayers totaled nearly $1 billion, or roughly $333,000 per job added.
For context, this is just a few thousand dollars shy of a noted tax incentive boondoggle: the “border war” between Kansas City between Missouri and Kansas. There, some 414 jobs were created in Kansas at a cost of $340,000 per job.
The track record of the Job Development Investment Grant Program, which would facilitate the tax breaks accruing to Apple, has been mixed at best. Notable projects that have also been pushed back by the recipients of tax incentives include an agreement with Allstate to create 2,200 jobs which was made impractical by a shift to remote work and a commitment by a Vietnamese automaker to create 7,500 jobs which has been delayed until 2025.
Apple’s decision to delay the construction of its Research Triangle Park campus brings into question the future economic impact on the Raleigh-Durham area—but it is far from clear the result will be a net negative for North Carolina taxpayers.
Tax Incentives and Job Creation
The efficacy of tax incentives in fostering job creation more broadly has been long debated. While incentives are often touted as necessary to attract large companies and thereby spur economic development, evidence has for some time suggested that they may not be as effective as advertised.
One main criticism is that the incentives often result in a relocating of existing jobs rather than the creation of new ones—put differently, there is no net addition of jobs to the economy writ large, merely a subtraction from one region or state and an addition in another. This can have beneficial local effects, but those effects may be blunted by the broader net loss inherent where an expenditure is made to maintain the same total number of jobs.
The practice of offering tax incentives leads to a zero-sum game, where cities or regions engage in a destructive bidding war, each vying to spend more taxpayer money to the benefit of no one save for the corporations being fought over.
In fact, research suggests that the primary drivers of job growth are not older firms—but young firms. This would suggest North Carolina would be better off incentivizing the next Apple to start its business in the Research Triangle, rather than trying to attract existing behemoths. Newer firms inject competition, spur innovation, and are more likely to hire new workers.
Thus, policies that support the creation of new businesses, rather than providing tax incentives to existing ones, may be more beneficial for long-term sustainable development—but they don’t make the headlines.
North Carolina has landed what is seemingly the final major piece of its frontcourt for the 2026-27 season, multiple sources have confirmed. Alexandros Samodurov announced his commitment to the Tar Heels on Saturday by way of Jonathan Givony of Draft Express.
The 6-foot-11 Greek native will bring international experience and an advanced skillset to a UNC program that was still looking to add a starting-worthy big man to its rotation. He’ll join 18-year-old 7-footer Sayon Keita, who committed to UNC a month ago, to man most of the minutes in the middle.
Now 21 years old, Samodurov plays for Panathinaikos in Greece’s top pro league, and also in EuroLeague. This is the same professional club as fellow Greece national team standout and UNC transfer commitment Neoklis Avdalas.
Samodurov earned All-Star honors with the Greece U20 National Team last summer, averaging 17.6 points, 5.7 rebounds, 1.4 blocks at the FIBA U20 Eurobasket. He also averaged 4.9 points and 4.6 rebounds playing for the Greece Senior National Team last year.
>>> Expert Analysis: Samodurov Addition All About Stretch Big Skill Set for UNC
“The Panathinaikos forward has always been an intriguing prospect with his combination of elite size, ball-handling ability and flashes of passing, shooting and defensive playmaking,” said a FIBA report from the Eurobasket event.
Samodurov declared for the NBA Draft but the league announced on May 28 that he had withdrawn his name. He was ranked the No. 41 draft prospect in The Athletic’s Mock Draft and is No. 72 on ESPN’s Big Board.
New coach Michael Malone has been tasked over the past two months with overhauling the roster. Samodurov marks the seventh program acquisition, joining two previously committed high schoolers, and three returning players to form the 2026-27 roster.
Whether Samodurov or Keita start at center remains to be seen, but the other members of the starting lineup when UNC’s season opens in six months on Nov. 2 are expected to be Utah transfer Terrence Brown, NC State transfer Matt Able, Virginia Tech transfer Avdalas and returning forward Jarin Stevenson.
CHEROKEE COUNTY, N.C. — A Murphy, North Carolina man with prior felony convictions was sentenced this week after authorities say he was caught with a large cache of illegal drugs and firearms.
44-year-old John Anthony Barreiro of Murphy was sentenced Thursday to 22 years in prison and ordered to serve five years of supervised release, according to an announcement from Russ Ferguson, U.S. attorney for the Western District of North Carolina.
Authorities say Barreiro illegally possessed 15 firearms along with more than 1,600 fentanyl pills and more than 800 grams of methamphetamine and cocaine.
According to court documents, Cherokee County Sheriff’s Office deputies attempted to conduct a traffic stop of Barreiro’s vehicle on Dec. 4th, 2023.
Authorities say Barreiro fled instead of stopping, leading to a vehicle pursuit.
Court documents show that during the chase, Barreiro threw a Glock 9mm pistol out of the passenger-side window.
Authorities say he later threw a bag out of the same window containing more than 300 grams of methamphetamine, fentanyl tablets, fentanyl powder and cocaine.
Law enforcement later recovered the firearm and the drugs, according to court records.
After throwing the gun and drugs from the vehicle, authorities say Barreiro pulled over and was arrested.
Investigators say they found additional clear baggies with suspected fentanyl, methamphetamine and cocaine in the vehicle and on Barreiro.
Authorities also say Barreiro had $7,840 in cash, marijuana, a loaded Glock 30-round capacity magazine and a bag containing multiple loose rounds of 9mm ammunition in the vehicle.
Later the same day, the Cherokee County Sheriff’s Office executed a search warrant at a Murphy home where Barreiro was known to reside.
Law enforcement seized 14 firearms, 1,450 fentanyl tablets, fentanyl powder, cocaine and almost 500 grams of methamphetamine, authorities say.
Barreiro had prior convictions that prohibited him from possessing firearms.
Barreiro pleaded guilty on Sept. 26th to possession with intent to distribute fentanyl, methamphetamine and cocaine, and possession of a firearm by a felon.
He was sentenced to 22 years in federal prison on Thursday.
Barreiro remains in federal custody until he is transferred to the custody of the Federal Bureau of Prisons.
North Carolina
Families in Durham say they’re barely getting by; New report says Americans are saving less
DURHAM, N.C. (WTVD) — With the price of gas, groceries and housing continuing to climb, many who live in Durham say there’s not much left over to put away at the end of the month.
Samuel Fisher was filling up his daughter’s car at a Durham gas station when he admitted he’s had to get creative to stretch his budget. “We haven’t saved. We’re not rich,” he said. “We were saving a few hundred dollars here and there.”
Fisher said he’s now driving his daughter’s smaller car while she’s on vacation because it’s cheaper to fill up than his SUV. “It costs me 90 dollars to fill up,” he said with a laugh. “She’s not here, so I’m going to drive her car. Save some money.”
For others, cutting back has become a daily routine. Anne McConville said everything she was wearing came from a thrift store. “Black jumpsuit, black top and this necklace that was only three dollars,” she said. “It’s beautiful.”
McConville said shopping secondhand helps her afford the basics. “Every time I go shopping, I spend 100 dollars. For me. I just buy produce.”
A new federal report shows Americans are saving less overall. The U.S. personal savings rate fell to 2.6 percent in April, a sign that rising costs for essentials are squeezing household budgets.
Arkell Barnes, a Triangle-based financial advisor for the past 30 years, said even small amounts of savings matter. “I always recommend people put something away no matter what. Pay yourself first,” he said.
Barnes said finding small ways to cut costs can help families build a cushion. “Refinancing, taking meals to work instead of going out, watching your subscriptions,” he said.
It’s advice 79-year-old Jerry McClain is already following. Pushing a cart of groceries to his car, he said he’s scaled back his spending. “I’m older, so I don’t do as much,” McClain said. “I don’t go out as much. I don’t eat out as much.”
Barnes said more people are also picking up side jobs to bring in extra income. It’s something he believes could help boost savings in the long run.
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