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 technology, optics, chemicals and pharmaceuticals, flooring, plastics 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
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
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
Wake County Economic Development Hosts French Delegations
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
Wake County Economic Development Launches Site Assessment Program
Talent Attraction & Development
WCED Presents at NC State University
National Campus Leadership Council
Marketing & Public Relations
National Media Campaign Features Local Innovation
Datanami: "Schools Get a Leg Up on Terrorists with Big Data"
For a full list of rankings, please download the Raleigh/Wake County Rankings Flyer.
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.
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.