Durham, North Carolina’s population has been steadily growing for over 20 years. You might be wondering why? Well, I’m glad you asked and now I’ll tell you why this good for businesses thinking about relocating to Durham, or opening up a new branch in the RDU area.
The weather in Durham is ideal. Located in the middle of the state, an area also known as the Piedmont, Durham has mild winters, and warm summers. People from the Northeast like to move to this area because the winters aren’t as cold and the summers are still plenty warm.
2. Cost of Living
Durham is kind of a sweet spot for cost of living. The homes are reasonably priced and Durham has all the conveniences and low costs of a major city. And don’t worry, Durham has a Costco While there are plenty of nice and expensive homes in Durham, there are many neighborhoods that are more moderately priced.
3. Mecca for Higher Education
Durham has plenty of options for higher education. There is Duke University, one of the top universities in the world. There is also North Carolina Central University as well a smaller colleges and trade schools. Durham is also located in-between Chapel Hill, home of the University of North Carolina (UNC) and Raleigh, home of North Carolina State University.
These are some of the top institutions of their kind in the country, if not the world. These major universities also have their own healthcare and research facilities. This all leads to a tremendous pool of talented and highly educated people living in and around Durham.
4. Business is Booming
For the reasons already discussed, money and high quality human capital are flooding into the Raleigh-Durham, also known as the Research Triangle Park (RTP) area. This creates lots of exciting opportunities for new businesses. The downtown area is thriving with new small businesses. There is the American Tobacco District in downtown and there are the traditional business areas by the Park that are attracting new high tech co-working spaces.
— NACUE (@NACUE) April 22, 2016
These medium sized businesses and startups are assisted by organizations that add fuel to the entrepreneurial fire like, the American Underground, the Google Tech Hub, of course we can’t leave out such useful organizations as the Durham Chamber of Commerce, and several more. Some of the ground breaking new businesses and startups that are making Durham their home are Windsor Circle, Automated Insights, and Determined Solutions And do not forget that there are so many companies spinning off the medical and research arms of Duke and UNC, that it is impossible to keep up with them all.
These are massive trends that show no signs of stopping. Businesses and residents will enjoy many benefits as Durham builds on its’ strengths.
The weather is mild, the cost of living is reasonable, the pool of talented employees for businesses to hire from is very deep, and more and more businesses are opening shop in Durham. The time is now. If you are considering Durham as the home of your family or business, you’ll be glad you did.