With new additions like Venable and the second phase of American Tobacco, Durham’s unique atmosphere and culture is attracting an influx of new businesses, including major companies like Spreedly and Policygenius.
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WalletHub compared 182 cities — including the 150 most populated U.S. cities, plus at least two of the most populated cities in each state — across two key dimensions, “Job Market” and “Socio-economics.”
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Once an “eyesore” after its tobacco factories closed in the 1980s, the magazine says of Durham, today the North Carolina hub has been rebuilt with shops, offices and co-working spaces revitalizing the entire city.
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The Durham-Chapel Hill metro area rose two spots to No. 13 in the second annual CompTIA “Tech Town” report. Here’s what the report has to say.
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Tony Copeland, North Carolina’s secretary of commerce, told a gaggle of reporters after the press conference, Durham County also offered a package of incentives to beat out rivals in Virginia and Pennsylvania.
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Merck, a major New Jersey-based pharma company currently developing a vaccine against HPV, has decided to expand its facilities here in the region, investing around $650 million and creating more than 400 jobs over the next five years in Durham and Wilson. But more to the point, it’s about what kind of jobs: Manufacturing.
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Following completion of a $1.27 million third round of funding last month, Trill A.I., a fintech company, has relocated its Durham and San Francisco operations to new headquarters in Cary.
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United Therapeutics Corp. (NASDAQ:UTHR) is acquiring is acquiring California-based SteadyMed in a transaction valued at $216 million. SteadyMed, (NASDAQ:STDY) stock shot up 80 percent in premarket trading to $2.65 a share on the news Monday.
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Startup Stampede, the South’s consumer product incubator, has selected nine emerging consumer product companies to participate in the 2018 program from March 1 through May 4 in Durham, North Carolina. The program is free for entrepreneurs thanks to a two-year $100,000 startup ecosystem grant from NC IDEA.
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