For companies that are trying to escape the Northeast corridor, which is crammed and expensive, Raleigh is the destination. More and more companies like Cisco, IBM and SAS are setting up in North Carolina, making Raleigh one of the best places to work in the country. Since the city is located in the “Research Triangle” region (which is the largest research park in the country), Raleigh has the advantage of a lot of universities feeding highly skilled workers to potential employers. With highly affordable real estate and distances that can be covered on foot, Raleigh is not the best place to work for no reason.
There has been a strong inflow of residents in Raleigh, boasting the sixth highest rate of net migration in the last five years. With low costs of starting a business, highly affordable office rents and nearly half the population having a bachelor’s degree at the least, the city is transforming into a diverse economy. Downtown Raleigh is growing stronger with excellent public transit.
Even small businesses have been flourishing in this North Carolina city because of very low hurdles when it comes to regulation. Raleigh encourages businesses to start from scratch. It is an environment that encourages entrepreneurship. When it comes to applying for construction permits, Raleigh is the fastest, with minimal wait times, very efficient procedures and very low cost of administration when it comes to regulatory compliance.
Raleigh also ranks the highest when it comes to hiring opportunities, which is determined by the ratio of job openings to the total population. It ranks very high in job satisfaction as well, making it one of the best places to work in the country. With companies adding new jobs by the dozen and a projected job growth of 3.7% through next year, the city is flourishing.