News & Rankings

Economic Development April Recap

Featured Projects 


CBC AMERICA Corp. | Cary | Headquarters | New  

CBC AMERICA Corp. announced that it will move its North America headquarters to Cary. CBC AMERICA is the largest organization of the CBC Group, a global network of manufacturing, import, export, trading, and distribution companies with worldwide headquarters in Tokyo, Japan, and more than 30 sales offices and manufacturing facilities worldwide. CBC's North America headquarters is composed of six divisions: imaging technologyopticschemicals and pharmaceuticalsflooringplastics and Eco-Energy.


The global manufacturing company will move its operational and financial divisions from Long Island, NY, creating nearly 50 new jobs in Wake County at an average annual wage of $85,000. The corporation will house its distribution warehouse in Alamance County, employing an additional 29 workers. 


"CBC's relocation is evidence of the strong economic development and community partnerships we have at play in Wake County and across the state," said WCED Executive Director Adrienne Cole. 


The decision to relocate resulted from four months of ongoing collaboration between CBC and Wake County Economic Development, the NC Department of Commerce, the Economic Development Partnership of N.C., the Cary Chamber of Commerce, the Town of Cary, Alamance County, and the Town of Mebane. These economic development partners also worked closely with several community organizations including: the North Carolina Community College System, Capital Area Workforce Development Board, Regional Partnership Workforce Development, Elon University, Meredith College, and NC State University's Japan Center.

New & Expanding Companies 


Aimet Technologies | Zebulon | Manufacturing | Expanding  

Aimet Technologies, founded by Dave Jackson in 1993, has grown from a handful of workers to a staff of 60. Thanks to a cash infusion, the team is likely to continue to expand. While specific numbers were not released, the firm is hiring. The company has entered into definitive agreements with a group of investors led by Gallatin Equity Partners for additional capital and credit to support growth initiatives. Those commitments combined are approximately $2.5 million. The manufacturing lines in Zebulon produce electronic components and interior plastic pieces, such as door panels and handles, for automobile makers such as BMW, Ford, and General Motors. Their plastic pieces can also be found in Bosch dishwashers. 

C&F Mortgage Corporation | Raleigh | Financial Services | Expanding  

C&F Mortgage will occupy 3,055 square feet of space at Carolina Place in Raleigh. The lease was secured by private equity real estate investment, development, and management firm, New Boston Fund, Inc. 

Centennial Biomedical Campus: The StateView Hotel | Raleigh | Hospitality | Expanding 

Officials have broken ground on the StateView Hotel at NC State's Centennial Campus. When it opens in 2016, the hotel will have 164 rooms, 9,000 square feet of meeting space, an outdoor pool, and a restaurant and bar. It will be part of the Marriott Autograph Collection, a group of independent hotels affiliated with the chain. The hotel is a joint venture between Concord Eastridge Inc. of Arlington, VA., and Noble Investment Group of Atlanta, the same company that completed the Marriott City Center in downtown Raleigh in 2008. 

DTZ | Morrisville | Commercial Real Estate | Expanding  

The Raleigh office for the DTZ commercial real estate firm is moving its personnel and operations into the new Perimeter Three office building at Perimeter Park in Morrisville. The move for DTZ, representing an expansion of 43 percent more space with the 13,363-square-foot lease deal, will be effective May 18.

FavR, Inc. | Cary | Start-Up | New  

FavR Inc., a mobile application start-up founded by three Cary teenagers, has recently launched an application-FavR. The application serves as a platform that allows users to interact regionally, trading goods and services, with or without the use of cash, in an accountable way. FavR users build and lose credibility based on ratings received through their interactions with other users. Users may also boost their reputation by verifying themselves through a background check. The company currently employs the three co-founders. 

First Carolina Bank | Raleigh | Financial Services | Expanding  

First Carolina Bank will occupy 2,100 square feet at Carolina Place in Raleigh. The lease was secured by New Boston Fund, Inc., a private equity real estate investment, development, and management firm.

Novella Clinical Inc. | Cary | Biotech/Pharma | Expanding  

Novella Clinical, a clinical research organization, has grown from about 800 employees to 890 since research giant Quintiles acquired the company in 2013. Novella President Richard Staub says more hires are on the way.  

Yadkin Bank | Raleigh | Financial Services | Expanding 

Yadkin Bank is planning to open a new branch in the new Charter Square office building on Fayetteville Street in downtown by late 2015. The bank will be occupying a 1,044-square-foot space at street-level. 

Yadkin Bank | Raleigh | Financial Services | Expanding 

Yadkin Bank is renovating the former First Citizens Bank branch building at the corner of Fairview Road and Glenwood Avenue at Five Points with plans to be open by mid-May. 

Wake County Municipality Highlight:


Cary is consistently ranked among the top places in the country to live and work. It has continuously built upon its assets, taking advantage of its unique location in the Triangle, to create a nationally recognized community of excellence. Regardless of what qualities you are looking for, CARY'S GOT IT.  Read more >

New & Expanding Metrics Since January 2015 


Jan. --  April 2015

New & Expanding Company Announcements






Since the beginning of 2015,19 companies have announced relocations or expansions in Wake County. This accounts for the creation of 290 new jobs and investments of more than $16 million. Of those announcements, 10 (53 percent) are in Wake County Economic Development's cluster industries.


Project Metrics Since January 2015 

Total Projects Received Since Jan. 2015 


Potential Jobs


Potential Investment


Client Visits


Active Projects


Potential Jobs
Potential Investment


Since Jan. 1, 2015, Wake County Economic Development has received 26 new projects from companies considering relocations or expansions in Wake County. These projects would total 7,844 new jobs and more than $2.8 billion of investment if each were to successfully locate in Wake County. WCED has also hosted nine client visits to the area. Currently, Wake County Economic Development is working on 40 active projects. These projects would total 8,375 new jobs and more than $2.9 billion of investment if each were to decide to locate in Wake County.

Recent News & Events  


Business Attraction & Target Industry Clusters


Wake County Economic Development Hosts Economic Development Forum 
The Economic Development Forum highlights the growing attraction of Wake County and the Triangle as a major center for business, and explores current trends in the world of economic development. At this year's Forum, Steven Pedigo, director of research for the Creative Class Group and director of New York University's Initiative for Creativity and Innovation in Cities, shared why place drives innovation and offered a framework for how Raleigh, Wake County, and the Triangle can sustain an engaged and creative economy. To read our blog post highlighting key takeaways from the forum, click here. To download Pedigo's presentation, click here.


Wake County Economic Development Hosts French Delegations 
Wake County Economic Development partnered with the Research Triangle Cleantech Cluster to host two clean technology-focused delegations from France in April. WCED worked with several partners including the Research Triangle Cleantech Cluster, the Durham Chamber of Commerce, and the Research Triangle Park to host a delegation from the Cote d'Azur region of southern France. Much like the Research Triangle region, the Cote d'Azur region, encompassing Nice and other parts of southern France, focuses on clean technology and IT innovation. The group of company executives, city officials, and economic developers were in our market to learn more about the Research Triangle region and to identify potential partnership opportunities. This was the third time representatives from the Cote d'Azur, WCED, and the Research Triangle Cleantech Cluster had met to discuss business and partnership opportunities.


Wake County Economic Development also participated in a meeting with a delegation from France's electric transmission system agency. This delegation was interested in learning more about the smart grid innovations that were taking place in the Research Triangle region. "Having these two delegations in such short order is another great example of the global perception of our region has as a leader in clean technology innovation and convergence of cleantech and information technology," said Michael Haley, director of Business Recruitment and Expansion at WCED.


Wake County Economic Development Participates in the Inter-City Visit & Leadership Conference 
Adrienne Cole participated in the Greater Raleigh Chamber's annual Inter-City Visit & Leadership Conference held in Austin, Texas. More than 150 business leaders participated in this year's trip. Austin and Raleigh parallel each other in many ways. The trip allowed the local business community to benchmark our community against other markets and have pertinent and influential conversations about challenges and successes in the areas of economic development, transit and transportation, downtown growth, and innovation.


Wake County Economic Development Launches Site Assessment Program
WCED has launched a site assessment program in response to the need among local communities for assistance with product development. As part of the program, WCED issued a request for information in February for sites within the county that are 11 acres or larger. Since that time, thousands of acres of property have been evaluated by our team using a site assessment tool which gives sites a score based on transportation, utilities and site characteristics. On May 13th, we will officially launch this program with a presentation to our municipal partners, utility providers and investors.


Talent Attraction & Development


WCED Presents at NC State University 
Jennifer Bosser and Morgan Servie presented to NC State University's Public Relations Campaigns undergraduate class on April 21 about the Work in the Triangle talent attraction campaign that launched in 2012 and WCED's national media and storytelling campaign that is currently underway.


National Campus Leadership Council 
Wake County Economic Development and Capital Area Workforce Development Board partnered with the National Campus Leadership Council to host a Student and Business Leaders Roundtable Discussion with student body leaders from local universities, workforce development and economic development organizations, and business leaders. The discussion centered on the hiring challenges employers in the Triangle face, where there are skills gaps, and solutions to address these challenges.


Marketing & Public Relations


National Media Campaign Features Local Innovation
As a result of WCED, the City of Raleigh Office of Economic Development and the Research Triangle Cleantech Cluster's cleantech press tour, three additional articles were published in April:

Fiber-optic ribbon cables: Factors you can't afford to ignore - The story features the three tier-one research universities located in the Research Triangle, including NCSU, Duke, and UNC, and highlights the Research Triangle as being a leader in technology innovation.

Save millions on data centers, thanks to a power usage breakthrough - The article highlights a power usage research breakthrough sponsored by Semiconductor Research Corporation in the Research Triangle Park.


SAS's headquarters are LEED platinum green from the green roof to the solar farm - The story features 10 slides on the many unique, green elements of SAS's campus, and showcases some great photos and messages about SAS's Cary headquarters.

Datanami: "Schools Get a Leg Up on Terrorists with Big Data"
Datanami is among the most influential communications channels in the big data community. The news portal provides information and analysis on emerging trends and solutions related to big data and covers cutting-edge technologies and their effect upon business, industry, government, and research. Their story spotlights Raleigh, Wake County, and the Triangle as a startup and data analytics hub by featuring Raleigh-based PredictifyMe. The article outlines the need to protect children from school bombings in Pakistan and how PredictifyMe has partnered with the United Nations to provide predictive analytics that will help detect school bombings before they occur:

"More than 20 years after establishing a foothold in the mountainous region of the Afghanistan-Pakistan border, the Taliban is still a force to be reckoned with. That's particularly evident when it comes to educating children, which the Islamic extremist group fervently opposes. Over the past five years, there have been more than 10,000 attacks on Pakistani schools, including the destruction of 1,000 of those schools. Most of the attacks were conducted by the Taliban, which killed 132 schoolchildren in the December 2014 massacre at the Army Public School in Peshawar. It is the deadliest attack in Pakistan's history. While we're still a long way from seeing the Taliban driven from the region, it's clear that authorities needed to do something to protect the children. So, in March, the United Nations announced plans to address the issue through the new Pakistan Safe Schools initiative. A key element of that initiative is the data and analytics technology that Raleigh, North Carolina-based PredictifyMe will bring to bear on the problem."

Recent Rankings  


For a full list of rankings, please download the Raleigh/Wake County Rankings Flyer.


  • #1 Mid-Sized American City of the Future 
    (Raleigh, NC)  Financial Times | April 2015 

  • #2 City Creating the Most Technology Jobs in 2015 
    (Raleigh, NC) Forbes | April 2015

  • #3 Community in the U.S. for Overall Well-Being 
    (Raleigh, NC) Gallup-Healthways Well-Being Index | April 2015 

  • #6 Small American City of the Future 
    (Cary, NC) Financial Times | April 2015 

  • #9 City Leading to Job Creation in the U.S. 
    (Raleigh, NC) Gallup Daily | April 2015 

Wake County Labor Market Statistics  


Labor Force & Employment


 Since February 2014, Wake County's labor force has increased by 23,787 and employment has increased by 25,823. This represents growth of 4.8 percent and 5.4 percent, respectively. The number of those unemployed----displayed in the graph above as the differential of labor force and employment----has fallen by 8.1 percent.  


Unemployment Rate



Wake County's unemployment rate (the proportion of those unemployed relative to the labor force) has fallen from 5 percent in January 2014 to 4.4 percent in January 2015. This represents a 0.6 percent decrease.


There are no comments yet.

Leave a Comment