Let’s keep national politics out of these discussions. We get bombarded with enough of that as it is.
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Happy too. The article shared was off-topic.
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Microsoft building a pretty large expansion into Charlotte… I am kind of stunned they didn’t even look here.
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30% kickback in tax incentives…not bad CLT
Charlotte already has 1000 employees at that location which may have played a role in the selection.
The Triangle has had a few notable wins lately, but Charlotte has really been active with major announcements over the last year.
The $7.9M in incentives is through the JDIG program which is a state-run program.
This is great news, if true, for the area. Fortive will split into 2 companies, one remaining in Washington State, and the other, dubbed “NewCo” will be HQ’d in Raleigh-Durham. One would assume that this means RTP from this statement, but I do hope that downtown plays its cards right with the office space coming to the market. This is a $2.8 billion company looking for a home.
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It’s a great opportunity for a large player to move to DTR. Clearly DTR is the hottest zone in the Triangle. Lots of other western-state-based companies are moving into downtown.
But, the current Fortive HQ is in Everett, WA, just north of Seattle, in a nice suburban office park location.
However they’re surrounded by a lot of Boeing offices, which dominate the area. So maybe they’re ready to upscale to a fast-growing downtown with all the energy that comes with a sunbelt location.
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Story from today’s TBJ on recruiting in
The figures are 15,000 jobs and 47 companies that Wake County is trying to lure to the region, says Michael Haley executive director of Wake County Economic Development.
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Looks like Atlanta secured expansion in the few hundred employee range from Google, and potentially from Tesla and Microsoft.
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I thought the Microsoft jobs ended up in Charlotte?
I think that Raleigh’s size & perceived size hinders us in these big time relocations & expansions. The trend is toward cities. IMO, that’s why it’s imperative that two things happen:
- grow the experiences in DT with haste.
- push for reconciliation of the Triangle into a singular MSA like it was pre 2003.
The 2020s need to be Raleigh’s break-out decade.
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Charlotte was competing with Frisco, TX and Fargo, ND so I assume it was a different expansion
I totally agree we have to raise the Bar in the next 10 years or less.
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There are definitely some game changes coming on the market in the first few years of the decade like SmoHo, 301 Hillsborough and Nexus. Let’s hope that they spark the next wave.
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Yeah the skyline right now doesn’t scream 41st biggest city/31st biggest CSA right now.
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If our legislature hadn’t screwed it up, Raleigh could have gotten the 15,000 jobs in one stop with Apple…but no, HB2 was critical to save people from…nothing.
Talked to a very prolific developer this week and was told this was the exact reason Apple bailed on Raleigh. And he’s a Republican.
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Isn’t this the result of a rule where a certain percentage of an area’s daily commuting has to be back and forth between the two metros to then be considered to be one metro? Or maybe that was related to something else?
Either way, as both a fan and long-time resident of Durham, I’d be happy to see this happen. This wouldn’t really change anything except combining our total population numbers in the MSA statistics. If one agrees that increasing our recognition is a good thing, then it could only be good for the Triangle as a whole, including Durham.
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Wake-to-Durham is perhaps the largest percentage commute in the state. But it seems that since Wake is bigger and the formulations call for the commuting to be towards anchor counties, ours misses the boat thanks to the 2003 change. At some point common sense should step in but I won’t hold my breath.
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The reasoning is that there is not a high enough percentage of commuters from Durham County into Wake County. At the time, almost all of the employees in RTP were in the Durham County portion of the park.
Wound think that being the Airport is Raleigh-Durham, and the region is internationally known for RTP that would carry more weight than commuting patterns.