Michael Haley, Executive Director of Wake County Economic Development, joined Adrienne Cole, President of the Raleigh Chamber, for her weekly message to discuss PennyMac’s recent announcement.
PennyMac will bring more than 300 jobs to the town of Cary with an investment of $4.3 million and will open a mortgage fulfillment production center.
Michael shared that PennyMac’s decision to move to the Triangle was largely motivated by the talent pipeline in the region.
“Like so many companies in our community, the decision really came down to talent,” Michael said. “Wake County and the region have an amazing talent pipeline and we continue to experience demographic growth. And combined, that gives us a talent advantage.”
The announcement also signals optimism for safely returning to the office environment, which is a win for the commercial real estate community
“It's encouraging to have an office related announcement right now and it signals the growing confidence in a return to the office environment,” Michael said. “We've worked really hard to maintain our position as a vibrant growing community despite the pandemic, and we think we're certainly one of the best options available.”