ECONOMIC DEVELOPMENT

Ten Reasons to Locate Your Business in Cary

1. Cary's High Quality of Life
Cary and the Research Triangle have been recognized by numerous magazines as a great place to live, raise a family, work and retire. Cary's cost of living is on par with the national average.
2. Availability of a Well Educated Work Force
Three nationally known highly regarded doctoral research universities join twelve other universities, colleges and community colleges in the area. A total enrollment of more than 95,000 students help fill the numerous high tech and professional jobs that abound in Cary. Cary's population is among the most educated in the state with nearly 95% of residents 25 or older possessing at least a high school degree and almost half having completed at least four years of college.
3. A Growing and Productive Employment Base
Between 1980 and 1993 the number of workers employed in Cary increased 162%. Residents in Cary have concentrated in managerial and technical occupations synonymous with the Research Triangle Region. The work force in Cary has grown to meet the needs of Cary's expanding economic base. Overall, Cary is one of the fastest growing townships in the United States and using BellSouth's Yellow Page and business listings as a guide Cary is the fastest growing area in the entire Southeastern U.S.
4. Vibrant and Diversified Economy
Cary's unemployment, employment, and retail statistics all suggest that Cary is a very stable community which is experiencing positive economic growth. Cary has a strong foundation in computer software and technology, pharmaceuticals, communications, and high-tech manufacturing related industries. Transportation, telecommunications and environmental research are other major components of Cary's economy.
5. The Location of a Wide Array of Technical Assets and Intellectual Capabilities
Located in the heart of the Triangle, Cary is adjacent to the world renown Research Triangle Park, within 30 minutes of three nationally recognized research universities, and is home to SAS Institute, one of the world's largest privately held computer software companies. The skills and knowledge present at these institutions combined with the technical resources available at the many local colleges and universities creates a synergy of technical and intellectual knowledge.
6. Cooperative Relationships Among Business, University and Government
A critical mass of technical knowledge and resources exists in the Triangle that attracts and supports the growth of high technology oriented companies. Well educated university graduates, the presence of an established base of researchers, a pro-business government, and strong university and community colleges collaboration with the business community supports technology oriented companies in Cary.
7. Free Workforce Training and Exceptional Educational Facilities
North Carolina's nationally acclaimed community college system including nearby Wake Technical Community College, offers free, customized work place skills training for employees at new and expanding industries.
8. Cary's Variety of Connections
Cary has all the right connections. The Raleigh-Durham International Airport brings the world to Cary's doorstep and supports nearly 300 flights a day. Air freight service is available from several major carriers, and a new $25 million cargo center that opened in 1994 has greatly increased capacity. By rail, Cary is served by Amtrak, CSX and Norfolk-Southern. And two deep sea ports, at Morehead City and Wilmington, are about two hours away. Cary's link to major highways - Interstate 40, U.S. 1, and U.S. 64 - put it within two days trucking days of 60 percent of the nation's industrial base. To get there, over 300 motor freight carriers and 40 terminals are located in the Triangle.
9. Excellent Labor Environment
The State of North Carolina is a right-to-work State, with a unionization rate among the lowest in the nation. North Carolina's unemployment insurance and workers compensation insurance rates are among the lowest in the country.
10. A Government That Works for Business
Cary's City and County Governments enforce sound fiscal policies that enable these governmental bodies to hold AAA bond ratings by both Standard and Poors and Moodys. Cary has professionally-managed governments that are skilled and experienced in responding to the needs of a high technology and growing business community.