News & Rankings


Economic Development August Recap


New & Expanding Companies
 

 

3C Institute for Social Development | Cary | Interactive Digital Media/Gaming | Expanding

3C Institute for Social Development is expanding at its West Park Corporate Center location in Cary by 21,863 square feet. The company develops Web and game-based applications and technology solutions designed to improve the health and well-being of youth and families.

 

Brown Fleet Services | Raleigh | Logistics | New

Brown Fleet Services, a logistics company, announced that it has opened a new maintenance facility in Raleigh at 4201 Global St. and is employing more than 20 people. The company meets maintenance needs of trucking companies regardless of fleet size or location with more than a dozen full-service shops supplemented by mobile road service trucks.

 

ChannelAdvisor | Morrisville | Software/IT | Expanding

ChannelAdvisor, an e-commerce company, is expanding and relocating its headquarters into a proposed new office building in Duke Realty's Perimeter Park office park in Morrisville. The company will occupy 136,538 square feet of the building. ChannelAdvisor currently employs more than 400 people in Morrisville.

 

Hatteras Funds | Raleigh | Financial Services | Expanding

Hatteras Funds, a hedge fund firm, is moving and expanding its operation in north Raleigh and has signed a lease for 14,349 square feet at the NorthChase Executive Center office park on Six Forks Road. 

 

Nexus Software | Apex | Software/IT | Expanding 

Nexus Software, a software company that provides support for retail banking solutions, is expanding into a 5,000-square-foot office space in Apex. The new facility includes space for two customer certification labs, which will house testing, development, education, and training.

 

TrialCard | Cary | Healthcare | Expanding

TrialCard, a healthcare marketing and analytics firm, is expanding in Cary at its headquarters on Weston Parkway. The company is launching several new products this year in the healthcare industry, including new technology in analytics, prescriber feedback, and ePrescribing. TrialCard currently employees 325 in the Triangle and is hiring for positions in sales, IT, customer experience management, and project management.

 

Ultra Electronics - 3 Phoenix | Wake Forest | Software/IT | Expanding

Ultra Electronics - 3 Phoenix, an engineering company, is expanding into its second building in Wake Forest. The company will add a 31,000-square-foot facility with space for a large production lab and offices and plans to hire about 120 employees, with salaries averaging more than $100,000. Ultra Electronics - 3 Phoenix provides technology products and services to the Department of Defense and industry.

 

WakeMed Health & Hospitals | Raleigh | Healthcare | Expanding

WakeMed Health & Hospitals, a regional healthcare system, will spend $10.6 million to renovate and expand the Women's Pavilion & Birthplace at its Raleigh Campus by 2,400 square feet. The unit will include 15 labor and delivery suites and three survival suites for C-section and special-needs deliveries. 

Wake County Municipality Highlight: Rolesville  

 

Rolesville is a quaint and unique bedroom community snuggled in northeastern Wake County. One of the top five fastest growing municipalities in North Carolina for the past four years and the second oldest only to Raleigh, Rolesville has a great small town atmosphere with many community events throughout the year. The town has plenty of housing options for small or growing families and a bypass that will bring economic vitality. The parks facility is a gem in the area with lots of trails and open space for all. Rolesville is a wonderful place to live, work, and play. 

New & Expanding Announcements by Cluster Since January 2014  

  

Since the beginning of 2014, Wake County has had 67 new and expanding announcements. Of those announcements, 44 (66 percent) are in Wake County Economic Development's cluster industries. 

Recent News & Events   

 

 

Wake County Receives AAA Bond Rating

Wake County was assigned an "AAA" bond rating from Fitch Ratings, Standard and Poors, and Moody's, the highest credit rating available to local governments. The rating was assigned to $345.24 million in public improvement bonds. Adrienne Cole, executive director of Wake County Economic Development, presented to representatives from the rating agencies, along with other local community leaders, to help make the case for the county to retain its bond rating. Cole said: "Wake County's workforce, universities, and strong economy all played a crucial role in the ratings. Wake County is one of only 39 counties, in the U.S. to receive this rating out of more than 3,000. This speaks to the strength of the region and helps to ensure our community will continue to progress and prosper."Wake's triple-A bond rating allows the county to receive low interest rates on debt issued for capital expenditures. Wake County has received the highest possible rating from Moody's since 1973, Standard and Poor's since 1983, and Fitch since 2000.

 

Manufacturing Day

The NC State University Industrial Extension Service will host its third Annual Manufacturing Day on Friday, Oct. 3. Manufacturing Day is a nationwide event that provides a unique opportunity to witness manufacturing in action, while highlighting the vital role of manufacturing in national and regional economies. The wide range of jobs available in modern manufacturing environments that require high skill, but provide high pay, will also be a focus. Numerous Triangle companies will be participating in the event, including Parata Systems (Durham) and EMC Apex Manufacturing (Apex). Fuquay-Varina will host its "Big 4" Tour, highlighting its four largest manufacturers. PNC and NC State Industrial Extension Service will host the "State of Manufacturing: 2015" event Oct. 2. For more information on the event or to register for any of the events, visit  www.mfgday.com. 

 

WCED Attends NC Advanced Manufacturing & Aerospace 

Supplier Summit

Kelly Maness, research manager for Wake County Economic Development, attended the North Carolina Aerospace Supplier & Advanced Manufacturing Summit in Winston-Salem on Aug. 6. The summit focused on current and future defense, commercial and general aviation, as well as advanced manufacturing. Attendees had the opportunity to connect with key advanced manufacturing and aerospace companies, participate in multiple breakout sessions focused on major opportunities for manufacturers and service providers in NC, and attend focus sessions highlighting NC companies engaged in advanced manufacturing and aerospace-related activities.

 

Opening of the Vernon Malone College and Career Academy

On Aug. 8, the Vernon Malone College and Career Academy opened just outside of downtown Raleigh. The academy is the result of a partnership between Wake County, the Wake County Public School System, and Wake Technical Community College. It will prepare Wake County high school students for high-demand technical careers, while fulfilling requirements for their high school graduation credits. Located at 2200 S. Wilmington St. in Raleigh, the facility can accommodate 700 students. In addition to traditional classrooms, the space includes labs for technical training programs such as biopharmaceutical technology and cosmetology. During the evening, the facility will serve as instructional space for Wake Tech. The academy's namesake, Vernon Malone, was a community leader with strong ties to education. 

 

Greater Raleigh Chamber Hosts Retired Gen. Keys for 

Energy Discussion

In August, General Ron Keys, USAF (Retired) joined industry and Chamber leaders from across the Research Triangle at the NC Clean Technology Center at NC State to discuss the link between the military, energy innovation, and economic opportunity. The Greater Raleigh Chamber organized the event. Business owners, economic developers, university researchers, and community leaders attended the roundtable discussion. The event also included a panel with representatives from the Research Triangle Regional Partnership and the North Carolina Military Business Center. Keys visit highlighted the importance of the military's role in clean energy innovation and what it could means for North Carolina's economy.

 

 

 

Recent Rankings  

 

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

 
 Year-to-date Metrics:

 

  Jan. 1 ---  Aug. 31, 2014

 New Projects
69
 Site Visits 
23
 New &
 Expanding
 Announcements
67
 Jobs
3,053
 Investment
$347,450,000
Since Jan. 1, 2014, Wake County Economic Development has had 69 new projects and 23 site visits. Wake County has had 67 announcements of companies moving or expanding to the area, creating 3,053 jobs and investing more than $357 million.

 
Upcoming Events

 

 

Raleigh MAIN Event

September

 

The Raleigh M.A.I.N. Event, an Innovate Raleigh initiative, celebrates a month of music, art, innovation, and NOISE.

Wake County Labor Market Statistics  

 

 
July
2013
July
2014
Year to Date
Change
Labor Force
506,631 
518,486
+ 11,855 
Employed
472,959
489,980
+ 17,021
Unemployed
33,672
28,506
- 5,166
 
Unemployment Rate
6.6%

5.5%
- 1.1% 

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