Look who's moving in or expanding in the Triangle/Raleigh NC area:
We hear so much about the down side of the economy and jobs lost that I thought it might be nice share some good news for a change. So let's take a look at some of the companies moving in or expanding in the Triangle business scene and statistics that surround the growth in Raleigh NC (Triangle area)... Even as some 9,000 people have joined this regions labor pool the Triangle saw a drop in the unemployment rate over a year ago, to 8.2%.
Ok, so just who is expanding or moving into the Triangle area? Here's a list of a few companies that I've been reading about:
- Inspire Pharmaceuticals has chosen new headquarters in N.W Raleigh - they'll be enjoying all the benefits of the Brier Creek area
- iContact has chosen digs in Morrisville
- Drug research firm INC Research is expanding its presence in Raleigh NC
- BASF is expanding - it's moving into the Lenovo Group's headquarters in RTP occupying 35,000 sq. feet at Perimeter Park
- Deere & Co. - it's gotta run like a Deere right? We're so pleased that the tractor and turf equipment maker is moving its engineering office toCary NC this fall. About 90 engineers and staff members will be making the move to Cary NC. A big welcome to the Deere employees and their families!
- Embassy Suites at Raleigh-Durham Airport/Brier Creek is expanding! They are adding approximately 80 full-time jobs to our area to start, and eventually plan to expand up to 150 full and part-time positions.
- Kyma Technologies, Inc. a leading supplier of ultra-high purity crystalline gallium nitride and aluminum nitride materials and related products, is expanding. They've had to doubled their employees over the past two years forcing them to open a second facility.
- Rex Healthcare in West Raleigh is planning to spend $120 million in upgrades and expansion. There's even talk that Rex wants to build a cancer hospital, consolidate its heart and vascular treatment operations, and renovate its operating rooms so it can accommodate current technology. *I can attest that this place is great - it's where I got a new knee last year!
- WakeMed Health & Hospitals is planning a $25 million medical center and office building near Raleigh's Brier Creek. The facility is expected to be at least 26,000 square feet. The center would have about 14 treatment rooms and outpatient and emergency services.
- StriVectin is moving into the new CapTrust building in North Hills (or Midtown as it's often referred to) which will employee about 20 employees
- UGL Equis a corporate real estate consultancy, also is relocating to the CapTrust Tower at North Hills
- SKEMA, (one of France’s largest business schools) is moving to Raleigh at Centennial Campus. This will be their first campus here in the U.S. We were in competition with Tampa, Florida but in the end it was the strength of Centennial campus along with opportunities with companies throughout the region with internships that finally convinced them that Raleigh was the best place for them.
And of course I just have to pass along the accolades that we've received so far this year... 
- #3 Best City for Small Businesses - (Raleigh, NC) American City Business Journal July 2010
- #5 Strongest Job Market (Raleigh-Cary, NC) Manpower, July 2010
- #5 in Job Growth Since 2005 (Raleigh-Cary, NC) U.S. Bureau of Labor Statistics July 2010
- #4 Top State for Business (North Carolina) CNBC, July 2010
- #3 Cost Competitive North American City (Raleigh, NC) KPMG LLC, June 2010
- #18 Best Labor-Market Preformance (Raleigh, NC) U.S. Bureau of Labor Statistics June 2010
- #1 Quality of Life (Raleigh, NC) Portfolio.com/bizjournals, May 2010
- #3 Most Innovative City (Raleigh, NC) Forbes, May 2010
- #2 Best State for Business (North Carolina) Chief Executive, May 2010
- #15 Strongest Economy (Raleigh-Cary, NC) Policom Corp., May 2010
- #3 Hottest Job Growth City for the Next Decade (Raleigh, NC) BNET.com, April 2010
- #8 Best Place to Live (Raleigh, NC) RelocateAmerica.com, April 2010
- #1 Smartest City (Raleigh-Durham, NC) TheDailyBeast.com, April 2010
- #3 Best Place for Business and Careers (Raleigh, NC) Forbes.com, April 2010
- #2 Cheapest Midsized Market to do Business (Raleigh, NC) KPMG LLP, March 2010
- #6 Top-Spending City (Raleigh, NC) The Bundle Report March 2010
- #3 Market for Young Adults (Raleigh, NC) Portfolio.com/bizjournals March 2010
- #2 Telecommuting City (Raleigh-Durham, NC) Microsoft Corp., March 2010
With all this buzz about the Raleigh NC area it's no wonder so many people - individuals and companies - are choosing to make the move and call the Triangle their new home!
If you have any questions at all regarding the information above or would like more detailed information about a specific area you may be interested in relocating to, please don't hesitate to contact the St. Peter HomeSelling Team.
If you'd like to learn more about real estate opportunities in the Triangle we're always happy to answer questions, listen to concerns and work together, whether you are buying or selling a home, to create a smooth transition towards accomplishing your real estate needs.
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About the author: Pamela is a Realtor in Raleigh NC with The St. Peter HomeSelling Team at Prudential YSU Realty serving the Raleigh NC (Triangle & Wake County) area.
"We are a team of passionate North Carolina Real Estate Brokers dedicated to connecting our clients to success in home buying and home selling in the Triangle." Pamela can be reached via email at Pamela@RaleighHomesOnline.com or by calling (919) 645-2522.
For all your Wake County real estate needs The St. Peter HomeSelling Team serves the following areas in Wake County; Raleigh, Cary, Apex, Morrisville, Holly Springs, Fuquay Varina, Garner, Wake Forest, Knightdale.
This is a great blog! It's nice to hear about who is moving to our area. With this economy it's more important than ever to know where the jobs are and you did a fabulous job at sharing this with your readers. This is another example why so many people moving to the Raleigh area use your professional real estate services. Since you're willing to take the time to write about and share this info with everyone I can only imagine your service to your customers is bar none!
Looks like people will be buying homes in your area
HelpfulHannah
Thanks Nevin for the kind words. Isn't it a pleasure to work in such a dynamic area such as the Triangle?
They are moving to this area Hannah! Which makes us really smile... thanks for stopping by!
Great highlights, Pamela for the Raleigh area! Isn't amazing the companies that continue to realize the benefits of our area?
Pam, it's nice to see so much positive activity in your area. We've had a few announcements lately. Might need to post something similar. Of course I'm so far behind on everything!!! :)
Such great information -- looks as though things will be booming!
Great news for your area and with that list of accolades its no wonder, Lee & Pamela. This will be a great boost for the Triangle communities and great opportunities for sellers and buyers looking to work with you!
Pam it is great you are gettting such an influx of good companies. This should certainly help the local economy.