Raleigh
Raleigh
R&D Lives in Raleigh
Raleigh is at the center of one of the world’s largest regional research centers—the Research Triangle. Surrounded by world class universities, fast growing technology companies and a high quality of life, Raleigh is hitting it’s stride as a technology hub.
Nvidia
Google Fiber
Siemens
Microsoft
Epic Games
Cisco
Qualcomm
Red Hat
Top Companies have thousands of employees in Raleigh
$2.45B in Venture Capital Raised by Raleigh-Based Startups in 2018
3 Tier-One Research Universities NC State, Duke and UNC
“The Tech Industry’s Best Kept Secret”
—Inc.
:Talent
Surrounded by world class Universities in Duke, UNC and NC State—Raleigh has a large pool of young, educated and ambitious talent fueling its tech boom.
Over 3,500 tech graduates enter the workforce every year13
The Research Triangle—Raleigh, Durham, & Chapel Hill—boasts the 4th most-educated population in the country
#2 of America’s Most Digitally Inclusive Tech Cities14
#3 Best City to Work in Tech
—SmartAsset
:Cost
As a major tech/research hub, Raleigh’s cost of living is welcoming for the young graduates brought into the ecosystem each year.
The average housing expenses in Raleigh are 30% lower than the national average11
Wake County residents have the “most purchasing power” in the state14
Glassdoor Ranks Raleigh-Durham as #1 City for Jobs
Lowest corporate tax rate in the US at 2.5%
—EDPNC
:Quality of Life
3rd in the World for QOL
—Numbeo
:Connection
Located in the center of the mid-atlantic region—Raleigh has easy access up and down the east coast
Nonstop destinations9
See full list at nsflight.com
NC is home to 11 regional airports and more than 100 general aviation facilities.
RDU 61 nonstop domestic and international destinations
There are 400+ daily flights from Raleigh-Durham
—Forbes
:Strategic Sectors
CleanTech/Smart Grid
- The Raleigh area is a hub for global cleantech companies and innovation.
- These companies employ thousands of people and invest tens of millions of dollars annually on research, development and implementation of new enabling technologies.
- Raleigh is part of a larger concentration of cleantech companies that includes renewable energy, energy efficiency, advanced transportation and water technologies.
Advanced Manufacturing
- Today’s manufacturing industry is more technologically advanced than ever before. It’s also incredibly competitive, increasingly global, and as a result, more open to collaboration. Located in the heart of N.C.’s Research Triangle Region, the Raleigh area’s proximity to world-renowned research universities, multi-modal transportation facilities and a highly skilled workforce make it a global center for advanced manufacturing.
IT/Technology
- From SAS to Red Hat and dozens of tech startups, Raleigh’s tech industry is growing rapidly, spurring innovation and attracting talent to the region.
- One of the largest concentrations of tech talent in the nation across analytics, mobile applications, open source, healthcare IT, cloud computing and cyber security.
- NCSU’s Institute for Advanced Analytics boasts the first Master of Science in Analytics in the country.
Life Sciences
- With more than 600 life science companies, N.C. collectively employs 63K people at an average wage of $80K per year. Of the 600 N.C. companies, 400 of them are in the Raleigh area and the Research Triangle.
- Growth in the life sciences industry has outpaced almost every other sector with the advantage of access to converging technologies.
- Raleigh’s leadership position poised to strengthen over the coming years.
:Growing companies choose Raleigh
Raleigh’s economy is built on a diverse mix of industries and strategic focus. Recent investment in the region includes:
Bandwidth
HQ to Raleigh; $100m investment and 1,100 employees
Cellectis
200 new jobs and $68.6 million investment.
Pengo
590 jobs and $34.5 million investment
Credit Suisse
1200 jobs and $75 million investment
Marvell
110 new employees at Raleigh location
Hemosonics
150 jobs and $10 million investment
HZO
500 employees at Raleigh location
Precision Hawk
250 employees at Raleigh location
Epic Games
100 employees at Raleigh location
Microsoft
500 jobs and $47 million investment
Ipreo
250 employees at Raleigh location
Red Hat
HQ to Raleigh and over 10,500 employees
#3 Best city to start a business
#5 in US for highest-earning’ female entrepreneurs
Sources
1 2020 Scoring Tech Talent, cbre.us; 2 C2ER, coli.org; 3 Cushman and Wakefield Raleigh-Durham Office MarketBeat Report Q2 2020; 4 Cushman and Wakefield Raleigh-Durham Industrial MarketBeat Report Q2 2020; 5 Zillow.com; 6 Statisticalatlas.com; 7 FRED Economic Data, fred.stlouisfed.org; 8 Forbes, forbes.com; 9 nsflights.com; 10 Economy & Business 2020 compiled by Wake County Economic Development; 11 PayScale, payscale.com; 12 The Business Journals, bizjournals.com; 13 Wake County Economic Development, raleigh-wake.org; 14 The News & Observer, newsobserver.com; 15 Brookings Institution, brookings.edu;
