Spot on. I’m working with a community on the Pamlico Sound and one of the main issues they have is the ferry service—not just slow or infrequent service, but the fact that it’s unreliable due to shoaling in the sound and especially near the harbors. They’ve had to temporarily suspend service several times this year for this very reason.
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Yes, that’s exactly what they are doing. They are funding scale with no profits, thinking after IPO they can cut costs and reach profitability somehow. It is frankly terrible for the market.
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That makes sense; thanks for the easy-to-read explanation! I guess a lot of the headlines I’ve seen have been about companies going public (and suffering from it), so I never got to see how many more companies are staying private.
I wonder if there’s an unmet policy need somewhere around there that Raleigh (or Wake/Durham counties, or North Carolina at large) could help meet? Something like tax credits for private companies for preferential recruitment, or mandatory public investments for corporate relocations of public companies that force them to have skin in the game for the long run.
That being said, it is a trade off between growth and profitability. Even for a public company, if you are growing at 40% annually, no one cares that you have no profits But if the growth slows, then the expectation of profits goes up. This is how Amazon operated for the longest time even as a public company. If you are scaling that fast, then the investor / street reaction is well you shouldn’t have profits as every dollar should be going to more growth. As soon as the growth slows, investors will say well then you should have profits (think Coke, one of the best dividend stocks in the market).
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I had a sailboat in Oriental for a few years and as wide as the sound is, you have to pay close attention to the charts and your position even with only a five foot draft.
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Doesn’t the huge Global Trans Park Airport near Goldsboro/Kinston play into this conversation as an inland port as well?
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Not sure if it’s an actual inland port. I think it’s just an incentivized / organized place for factories. I could be wrong though, I need to read into it a bit more.
They did dredge the Cape Fear ship channel 3 or 4 years back - they put the sane up on our beach, which paid off when last year’s hurricane hit. But the channel is deep enough for the PanaMax container ships to enter. One does every week for a 24 hr visit. They are truly massive. Almost as tall as the Casewell Lighthouse, but not quite. They certainly tower over the old Bald Head light, lol. I think it calls at Jacksonville, Savannah, Charleston, Wilmington & Norfolk.
Being so close to the mouth of the Cape Fear is a lot of fun. There are a couple container or bulk cargo ships calling every day.
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Not really sure where to put this, @OakCityDylan and @dtraleigh can you please move to appropriate page if necessary? I saw this yesterday and nobody else commented on it yet.
According to the TBJ Trammell Crow Company is opening an office in DTR. Sounds like only 3 people for now, but with intentions to expand in the near future. They are a Texas Based RE company looking to expand into the Triangle and Charlotte markets:
“The Raleigh office initially will focus on multifamily, industrial, office and life sciences development in the markets including Raleigh and Durham as well as Charlotte.”
““These folks have been working on projects [in North Carolina], and bringing them to the point where they’re ready to start construction, for the last two to three years,” Smith said. “This is the next step in growing that office.””
“Also, the company has several projects with groundbreaking scheduled for this year that will be announced in the coming weeks.”
Here’s hoping for some interesting projects about to be announced soon.
Here is a link to their “projects” page. Some interesting looking stuff IMO.
https://www.trammellcrow.com/en/projects
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I like their portfolio👌🏽
This is a big outfit with a lot of Texas money & experience. This should be very positive for Raleigh, and elsewhere.
This is not really a business expansion but could lead to some.
FCC designated Raleigh along with Boston as “Innovation Zones.” to go along with NY and Salt Lake City in 2019.
Boost for drone and other emerging wireless communication technologies research.
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I think that this is probably a bigger deal than folks might immediately presume.
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More information and renderings for Bandwidths new campus off Edwards Mill Rd.
“The plan includes two five-story buildings covering 450,000 square feet and the amenities include an olympic-sized soccer field, basketball court, walking trails, an amphitheater, gym facilities and a Montessori school on-site for employees’ kids from birth to five years old.”
CEO David Morken wants his 1,000 employees based in Raleigh to work in-person five days a week.
“The bar has been raised for going back into work in-person full-time. We are raising the bar,”
-Finally a CEO with a spine.
HQ Building:
Childcare Center:
Fitness Center
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I get the amenities being nice and all but for me, I’d still rather work from home. Having those amenities are focused on spending more time at the office away from my family. I guess for single people this is great, but I think a lot of these companies are just shooting s…t at the wall and seeing what sticks at this point to try to “convince” people that they need to be at the office.
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Those who dig in and try and work from home will be left behind working the more entry level jobs and continuously passed over. You cannot advance in a company and demonstrate leadership skills working solo in your sweatpants from the basement.
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To me, that’s such an old and tired POV. Whatever works for me may not work for you / your company and vice versa. Things change, people change, times change.
My company along with many others seem to have embraced this new age and way of working. Even before COVID, many projects and managers / responsibilities etc were in different cities. Meaning the people you were next to weren’t even the ones you interacted with and a lot of collaboration was happening over Teams anyway.
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Especially given what their products are ….
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Really? I’ve been doing it for over 20 years with great success.
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Honestly my company is the opposite. The lower level staff have been coming in this whole time, mid-level people like me split our time, and the higher level people barely come in at all.
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