Wake County Economic Development

Site Selection Group, LLC's most recent study has named North Carolina as the #1 state for manufacturing. The report highlighted over 20 key variables across all 50 states, including qualified labor, competitive costs, and strategic geographic positioning. North Carolina's top ranking is largely attributed to its favorable demographics and migration patterns, a robust manufacturing sector, a low cost of doing business, and access to key consumer markets. Read more: https://lnkd.in/g8HbbWkz

The Leapfrog Group Group identified multiple hospitals in the Triangle with an outstanding ranking in hospital safety practices! Over six hospitals in the area received an ‘A’ grade that represents ‘Better than Average’ on the comparison scale. Analysts compared hospitals across 30 different metrics including factors of error, infections, and injuries. Read more:?https://lnkd.in/eMjr-pAg

Earlier this week, I participated in a panel for the Triangle Area Office Building Association (TRAOBA) focusing on demystifying site selection and economic development. We discussed our roles in site selection and how we can work with brokers in the area to successfully recruit new businesses. We also covered incentives, workforce support, and alignment with state partners like the DOT and DEQ. The best part? The venue! ?? sPARK Axis Amenities Center Life Sciences in Wake County: https://lnkd.in/ekCCweHR Trinity Partners Tyson Strutzenberg? Katy Parker David Efird Suzanna Nichols Spark LS

This past week, Michael Haley attended the Area Development Conference in Amelia Island, Florida. This annual event highlights important economic development issues while providing networking with local and state industry leaders. Read Michael's takeaways from the conference: https://lnkd.in/eb57wx_y

The Raleigh Metro was just ranked #5 in CBRE's Tech 30 2024 report. The market has consistently improved its standing, climbing from #21 in 2019. Compared to the 0.3% national high-tech job growth rate, the Raleigh-Durham market grew by 4.3%. This high growth can be attributed to the market's deep labor pool and affordable cost of living. View the full study here: https://lnkd.in/ec8TaeRF

Raleigh is the 3rd Best City for Veterans to Live, according to a recent study by WalletHub. Over 100 large U.S. cities were analyzed across 19 key indicators of livability, affordability and veteran-friendliness. These metrics include the share of military skill-related jobs, veteran income growth, and the availability of VA health facilities, among others. Raleigh’s veteran homelessness rate was the third lowest in the country. Raleigh also offers great education and job opportunities for veterans. The city has the 7th-best colleges for veterans, plus the 14th-highest median annual veteran income, at over $56,700. Read more: https://lnkd.in/e2YdJRa8

Wake County’s office real estate market is experiencing a significant upswing, driven by a demand for spaces that offer more than just a desk. Developments across Wake County are leading the charge, providing new community destinations to further support the amenities and multi-use spaces that businesses crave. This upward trend in real estate reflects not just the return of the office but the reinvention of it. More on the blog ?? https://lnkd.in/epRHGZmQ

Welcome, neighbor! In a report by moveBuddha that evaluated the move trends across all 50 states, Raleigh was named the #1 most popular urban area to move to in 2024. Analysts relied heavily on the in-to-out ratio equation analysis to see which cities were earning more residents by move ins. Raleigh had the top move in-to-out ratio at 1.55. It was found that for every 100 move outs, there were 155 move ins. Movers continue to seek out nature and affordability as key drivers for relocating. Read more: https://lnkd.in/eT7djj2Q

? Downtown Raleigh continues to grow and add more residents, retail space, restaurants, and hotel rooms, all of which impact the vibrancy and experiences of our urban core. A few key points from the Downtown Raleigh Alliance report: - Sixteen retail, residential, and hotel developments are under construction. - 2,482 residential units are either under construction or delivered in 2024. - Fourteen new stores opened downtown in Q3. ? Great progress. #onward?Wake County Economic Development Greater Raleigh Chamber Raleigh Economic Development https://lnkd.in/e9XWsjEx

???? IT'S TIIIIIMEEEE! ???? (to find a new job in THE TRIANGLE!) Is it too soon for holiday cheer? Maybe. BUT—it’s never too soon to find a new job and see how the Triangle kicks off the holiday season! Check out our blog post for a list of November 2024 events (curated by This is Raleigh). Oh, and be sure to browse this week’s new #TriangleTuesdays job openings while you're there! ?? https://lnkd.in/edU5UTSu