In the past few years, major companies like Apple and Google have announced significant expansions in the state, bringing in new construction and thousands of jobs in the process — and that growth doesn’t show any signs of slowing.
Mhm. What I’m really excited about in the triangle. We have the potential to be one of the major innovation hubs of the country going forward. Our life sciences were top five in the country are tech talent, we’re top 10 in the country. It started a long time before today. It has gone into hyper overdrive as far as the companies that are here, the opportunities that are here to huge economic wins for north Carolina. Today, fujifilm has chosen holly springs for its $1.5 billion drug manufacturing facility and google selected Durham for its new engineering hub. Both projects will bring hundreds of new jobs to our area. Apple is ready for this, a $1 billion facility in Research Triangle Park creating 3000 jobs, but it is the ecosystem that it brings with it. I think there’s a lot of surrounding industries that support these companies. You know, if you think about hotel rooms, if you think about restaurants, just think about the jobs that are created as a result, you kind of look at it as a clock and the clock has just gotten bigger because everywhere around the triangle there is growth. And so I think that all of our area has expanded from a business development standpoint and therefore more people will be able to benefit by that growth innovation will continue to drive this market. So we certainly like to think that we have some thought leadership and are always looking for opportunities for investors and developers take, for example, Dorothea Dix campus as that continues to be further developed and further imagine that’s only going to have tentacles of growth beyond it. People will want to have a true live work and play environment right there. When you think about what that could transform into overtime, what innovation that could bring to our market more development around that is that evolves into a hub of activity. It’s not like we’ve just been realized, we’ve been on this path for 40, 50, 60 years, you know our teepee created 60 years ago. Rd you becoming an international airport, you know the extension of I 40 to Wilmington’s, there’s been so much thought leadership that got us to enjoy what we have today. So CBS involvement in 2400 transactions in the past five years representing $11 billion dollars of transaction volume. And that leads to so many innovative things that take place within our market. It brings more talent, gives our existing talent more opportunities. It gives us many more avenues in which to grow our city. We can expect a lot of change in the triangle for the next 5 to 10 years. I would argue that the next 10 years could potentially be more significant than the past 10 in the past 10 has been pretty amazing
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