North Carolina Ranks Among Top Tech Innovation Hubs

Why It Matters:

The report highlights the thriving tech industry in North Carolina, showcasing the state's significant contributions to innovation. It emphasizes the importance of the tech sector in driving economic growth and attracting talent to the region.

The Details:

• Durham-Chapel Hill and Raleigh-Cary rank 6th and 7th respectively among the top 110 metropolitan areas for technology innovation.

• North Carolina excels in innovation, with a total of 10 metros making the list.

• Austin, Texas, is the top-ranked city in the report, often recognized as a rival to Raleigh and the Triangle region.

• The report examines four sub-categories: Energy Tech, Environmental Tech, Life Sciences, and IT.

• North Carolina ranks 3rd and 4th for innovation in Raleigh-Cary and Durham-Chapel Hill respectively, outperforming other states.

• The state ranks 2nd in the percentage of women in the tech industry workforce, with 36% representation.

• North Carolina demonstrates robust business dynamism, with 8 out of 10 metros experiencing growth in establishment of businesses.

• The NC Tech Industry has created 43,615 jobs between 2016 and 2021, outpacing other industries.

• The state's tech industry growth ranks 9th among U.S. states, surpassing the national average by over 7%.

• High educational attainment contributes to the success of North Carolina's tech hubs, with cities like Raleigh, Durham, and Wilmington boasting 40-50% of adults holding a BA or higher.

Conclusion:

The report highlights the strong presence of North Carolina's tech sector, showcasing its widespread strength throughout the state. The success of various metros underscores the importance of fostering innovation and investing in technology to drive economic prosperity and attract top talent.