Posts tagged “Economic development”
Expansions by technology and law firms are driving job growth in Raleigh. Wake County Economic Development says seven expansions were announced in April. So far this year, Wake County says there have been 15 new and expansion announcements totaling 431 jobs and $19.5 million in investment.
North Carolina's economy is surging with an index of data climbing to its highest point in two years, says NCSU economist Dr. Michael Walden. A key driving: 43 percent gain in building permits. Wages are up, too. Another boost: Decline of the dollar vs. foreign currencies.
WalkMe's decision to locate a regional operation in Raleigh, which could lead to hundreds of jobs, is a major economic win for Raleigh, Wake County and the Triangle. In these post-HB2 days, how did the victory come about - especially without the lure of tax incentives? WRAL TechWire gets the inside story from two of the economic development execs who helped secure the Silicon Valley startup's expansion.
IBM is opening what it calls at Education Collaboration Center on N.C. State's Centennial Campus, saying it wants to work with faculty and students to "make a difference in the world." The tech giant says it is providing a mix of gifts, equipment and services worth $30 million.
Crain's, the business publishing conglomerate, is expanding its digital footprint to the Triangle. The daily newsletter means more competition for tech, life science and other business news across RTP.
Guest opinion: "I had an exciting adult field trip in my own town, within my own university, as I explored the world of biotechnology and life science business opportunities in Wilmington," writes UNCW professor Dr. Suzanne Altobello.
The top North Carolina executive for Cisco, which is one of the largest high-tech employers in Research Triangle Park with some 5,000 workers and contractors, holds a teleconference to discuss the controversial House Bill 2. Cisco says it is "extremely disappointed and concerned" about HB2.
The elephant wasn't seen but roar could almost be heard. In the room if invisible and quiet, the big animal overshadowed the annual "State of the Research Triangle Region" event. HB2 - the controversial lesbian, gay, transsexual, bisexual or LGBT bill - wasn't mentioned directly. But allusions were clear, and in interviews executives agree: HB2 is bad for the state's image as well as economic development.
Research Triangle Park needs to become "a mashup of Tomorowland and the Magic Kingdom," Bob Geolas, president and CEO the Research Triangle Park Foundation told the audience at the Moogfest Future Cities panel discussion Thursday afternoon.
Members of the Senate and the House have filed sprawling economic development bills that are a compendium of wish-lists from the North Carolina Chamber, the McCrory administration and bills that have fallen short of passage in prior legislative sessions.
Asked on Tuesday if conversations about House Bill 2 were making his job harder, North Carolina Department of Commerce Secretary John Skvarla said yes. But he insisted that much of the blowback was the result of a political campaign against Gov. Pat McCrory.