Economist: Apple campus will attract more companies to Triangle

N.C. State University's Dr. Michael L. Walden talks about how Monday's big Apple news is just the beginning for the Triangle.
Posted 4/26/2021, 1:04:00 PM Updated 4/26/2021, 2:58:15 PM

I'LL SHOW YOU JUST

>>> 8:13 THE TIME RIGHT NOW.

APPLE'S DECISION TO BUILD A

CAMPUS IN RESEARCH TRIANGLE

PARK IS MAKING BIG, BIG

HEADLINES.

AND JOINING US TO TALK ABOUT IT

IS MIKE WALDEN.

ECONOMISTS AT NC STATE.

MIKE, THIS IS A HUGE DECISION.

THIS IS SOMETHING THAT

VALIDATES OUR POSITION A LITTLE

BIT DEEPER AS A TECH HUB HERE.

CORRECT?

>> THAT IS GREAT WAY OF PUTTING

IT.

YES.

WE WERE DISAPPOINTED WHEN WE

DID NOT GET HQ2.

IT LOOKS LIKE APPLE HAS GONE

THE ROUTE OF SPLITTING THAT UP

INTO MANY LOCATIONS.

AND WE HAVE A LOCATION.

SO THIS IS BIG, BIG NEWS.

I THINK IT DOES TELL ME AND THE

WORLD THAT THE NORTH CAROLINA,

SPECIFICALLY THE TRIANGLE IS

THE PLACE FOR ECONOMIC

DEVELOPMENT IN THE POST

PANDEMIC WORLD.

THIS IS FOLLOWING MANY, MANY

ANNOUNCEMENTS.

IT SEEMS IT HAS COME IN SLEWS.

BIG, BIG NEWS.

AND A THING TO KEEP IN MIND

HERE.

YOU CAN USUALLY DOUBLE THAT

WHEN YOU TAKE IN ALL THE OTHER

FIRMS THAT WILL COME HERE

BECAUSE APPLE COMES.

>> Reporter: YES, THE APPLE

EFFECT.

GROWING DEEPER ROOTS.

IS IT SAFE TO ASSUME JUDGING BY

THE NUMBERS WE SAW HAPPEN IN

AUSTIN, TEXAS, OUR HOMES ARE

WORTH MORE TODAY THAN THEY WERE

YESTERDAY?

>> WELL, THERE ARE ALWAYS DOWN

SIDES.

IF YOU ARE HOMEOWNER, YOU ARE

SMILING.

ESPECIALLY IF YOU ARE A

HOMEOWNER HERE IN THE CORE OF

THE TRIANGLE.

IF YOU ARE LOOKING TO BUY A

HOUSE, THAT MEANS YOU WILL HAVE

TO GIVE UP MORE MONEY.

I THINK THIS WILL CAUSE THE

TRIANGLE TO SPREAD OUTWARD.

SO PEOPLE WHO ARE LOOKING AT

THOSE HIGHER PRICE TAGS INSIDE

THE BELTLINE WILL GO OUTWARD.

I THINK THERE IS INNO

EVACUATIONS DOWN THE WAY

ESPECIALLY WITH REMOTE LEARNING

THAT WILL SOFTEN THAT EFFECT.

SURE, THERE WILL BE ISSUES HERE

PARTICULARLY WITH REAL ESTATE

COSTS.

BUT OVER ALL THIS IS SUCH A BIG

ANNOUNCEMENT.

IT'S A BIG WIN FOR NORTH

CAROLINA STATE THAT HAS

PROGRAMS IN THIS AREA AND DUKE

AND CHAPEL HILL, AND NC

CENTRAL.

BIG FOR UNIVERSITY.

BIG FOR PEOPLE HERE THAT WANT

TO GET INTO THE TECH AREA.

>> AND YOU MENTIONED A COUPLE

OF THOSE OTHER UNIVERSITIES BUT

ALSO SOME OF THE MORE UNDER

SERVED AREAS AND DIVERSE

POPULATION.

SOME OF THE HBCU CAMPUSES WILL

IMPACT.

WE HAVE PLENTY MORE TO TALK

ABOUT THROUGHOUT THE DAY.

I WANT TO THANK YOU FOR YOUR

© WRAL