TRIANGLE NC

VOL16ISS2 2016

Issue link: http://emagazine.relocationguide.biz/i/729687

Contents of this Issue

Navigation

Page 15 of 101

THE ORIGINAL RELOCATION GUIDE — TRIANGLE NC | VOLUME 16 — ISSUE 2 12 THE TRIANGLE e Triangle BY LYNNE BRANDON The mantra for real estate is "location, location, location." The same statement goes for career and personal life, and no city (or region) in North Carolina is better situated geographically than the effervescent and illustrious Triangle. The Triangle cities defy economic rules by offering not only a great lifestyle, but high paying jobs and a lower cost of living than many parts of the U.S. Glamour magazine noted these traits and gave Durham the number three spot on its "10 Best Cities for Finding Work-Life Balance list." The report noted Durham's average living cost that's about eight percent lower than the national average and the presence of the famed Research Triangle, making the city "a growing professional hub of the U.S." North Carolina's favorable lifestyle, specifically the cities of Raleigh, Durham and Chapel Hill (with surrounding smaller towns), entices visitors and travelers to the state each year. Wake County placed second in the state for tourism spending in 2015 with $2.1 billion. The state once built on textile and furniture manufacturing has shifted to banking (Charlotte is home of Bank of America Corp.), technology and others industries. These industries have driven North Carolina's economic output to grow faster than any state in the past three years (Seattle Times, 2016). Much of the growth and success of the state is due to the Research Triangle Park and the surrounding university knowledge base that draws international/ national business companies and industries. The national hub for tech, pharmaceuticals and life sciences has been on a progressive march forward since its first tenant, IBM, purchased the first major plot of land in 1963. Since then, the Park has grown 7,000 acres with more than 46,000 employees. In 2015, 38 new companies moved into the Park. Top employers are IBM Corporation Cisco Systems, Inc., GlaxoSmithKline, Lenovo, Biogen, United States Environmental Protection Agency and others. To stay competitive and attract millennials who expect life/work balance, The Frontier community gathering hub was opened in 2015. The geographic center of the Park offers free co-working space, community event locations, and on-site dining options. Free onsite fitness classes and weekly happy hours keep the park social and relevant. The Park is located mere minutes from Raleigh-Durham International Airport and three top research universities: NC State, Duke University and UNC-Chapel Hill. The partnership between education and industry is critical to the region's success. In 2016, the North Carolina Biotechnology Center awarded 36 loans and grants totaling nearly $2.5 million to universities and bioscience companies. A $45 million grant from the Golden LEAF Foundation will help provide funding for the construction of the Plant Sciences Research Complex on NCSU's Centennial Campus. The complex will serve as a research hub for multidisciplinary agricultural research and teaching, focused on the unique challenges North Carolina farming communities face as part of the state's largest industry. Both Raleigh and Durham have reputations as entrepreneurial hubs. Raleigh (population 439,896) is called one of "America's new boomtowns" by Forbes. The city has been one of the nation's fastest-growing communities for the past 15 years, and CNNMoney recently named Raleigh the top city in the country for jobs. >> intellectual, eclectic, southern

Articles in this issue

view archives of TRIANGLE NC - VOL16ISS2 2016