Why Raleigh, NC is Great for Business

Raleigh, NC

If you are thinking of relocating to somewhere that is great for business and your career, then one of the first places you should consider is Raleigh, NC. Known as the “City of Oaks,” this historic capital of North Carolina has consistently appeared in the top ten in Forbes’ annual list of the Best Places for Business and Careers for several years. In 2013, it was placed in the second position and in 2014 it was ranked first. Raleigh is one of the best places to live in the US.

Here are some of the reasons Raleigh is great for business:


Low business costs

One of the factors driving Raleigh’s economic growth is low business costs. The city’s business costs are 18% below the national average. It was ranked 29th among 200 cities across the United States by Forbes magazine in its latest survey. The city’s industrial base includes banking and financial services, medical, electrical, electronics, telecommunications, clothing and apparel, paper products, food processing, and pharmaceuticals.


Highly educated population

Raleigh has a highly educated population, a prerequisite for high economic growth. The city is home to numerous educational institutions that produce highly accomplished graduates to fulfill the city’s need for skilled human resources. More than 42% of the city’s adults have a college degree, which makes it easy for businesses to find skilled manpower.


Some of the best universities and colleges

The universities and colleges in Raleigh rank among the best in the United States. They include the North Carolina State University, Duke University and the University of North Carolina at Chapel Hill. Well known for their high standards of education, these and other educational institutions in the city attract thousands of students and researchers from all over the world. Start researching moving companies in North Carolina well in advance to be in time for the school season.


Part of North Carolina’s Research Triangle

Perhaps the most important reason that Raleigh is so good for business is that the city is a part of the North Carolina’s Research Triangle, which counts among the largest and the most successful research parks in the US. The Triangle is a major center for high-tech and biotech research, featuring roughly 170 companies, including Cisco Systems, IBM, Biogen Idec, Credit Suisse, Fidelity Investments and BASF. These companies provide employment to 39,000 mostly high-tech workers.


High net migration rate

Raleigh has consistently had the sixth fastest net migration rate in the United States in the last five years. The city attracts entrepreneurs and job seekers from all over the United States and there are many North Carolina moving companies to make their move easy and smooth. The inflow of educated and skilled migrants, which contributes to the rapidly growing urban population, makes the city a great place for business.

Unpakt can help you find and compare the most recommended movers in Raleigh.