TRIANGLE NC

VOL17 ISS2 2017

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THE ORIGINAL RELOCATION GUIDE — TRIANGLE NC | VOLUME 17 — ISSUE 2 14 THE TRIANGLE e Triangle BY LYNNE BRANDON The three urban hotspots of Raleigh, Durham and Chapel Hill have cornered the market on a hip, cool and progressive quality of life in the cities collectively called the Triangle. Each offers a unique perspective of the Triangle while continually pushing the envelope with technology, education and lifestyle. The region (aside from Charlotte) is the driving force behind the state's economic growth and development. Site Selection magazine has ranked the Triangle "number one for business climate" in 10 out of the past 13 years. The Research Triangle area (along with Charlotte) accounted for 70 percent of North Carolina's new jobs in 2016. In the region, seventy five percent of the population has a bachelor's degree or higher, making the region's talent pool one of the most well educated in the U.S. Three nationally acclaimed top tier research universities are behind the knowledge base: Duke University, North Carolina State University and the University of North Carolina at Chapel Hill. The surrounding Research Triangle region has a longstanding history of innovation. The Research Triangle Park (RTP), a first-of-its-kind research campus established more than 50 years ago, started the innovation in the region. RTP will soon get its first living space with 600 apartments, along with restaurants, a grocer and other stores. The Triangle has ranked number one in multiple categories: Fastest Growing North American City (Forbes.com), Top Business Climate (Site Selection magazine), Greatest Number of Green Jobs (NC Sustainable Energy Association), Top Housing Market for Investors (Forbes) and Top Public Schools in the U.S. (Greatschools.org). Raleigh was recently named the fourth best city in the country for fostering entrepreneurial growth. The city is home to more than 500 startups, offers a strong cultural foundation and a diverse and strong economy. One of the fastest growing places in the country, Raleigh is growing by 64 people per day, and at currently slightly more than a million residents, Raleigh's population is projected to double by 2040. It's no surprise that Raleigh is one of the best places for business and careers by forbes.com. Companies like Citrix in the Warehouse District and Red Hat are credited for helping build the region as a hub for innovation and entrepreneurship. Red Hat expanded its global headquarters from NC State University to downtown Raleigh in 2013, and has more than tripled its workforce since opening with offices in 35 countries. Co-working spaces and incubators are thriving in the Triangle—HQ Raleigh, American Underground and Industrious to name a few. Colleges and universities offer programs like the Entrepreneurship Initiative and Tech Incubator on NC State's Centennial Campus. Raleigh's downtown is thriving and growing. Five new restaurants, a children's bookstore and a bodega opened in the second quarter of 2017, contributing to the rise of activity among street-level businesses. In select locations downtown, solar power stations can recharge cell phones for people on-the-go. For millennials Raleigh is a bright spot — a new study ranked it the best large city for first-time homebuyers by WalletHub. The study compared the real estate market, affordability and quality of life across 300 cities in the U.S., including nine in North Carolina. >> technology, tutelage, and entertainment

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