Welcome to the Research Triangle region of North Carolina

Welcome to the Research Triangle region of North Carolina

307 N. Academy St.
Cary, NC 27513
Get directions Jacqueline Roth
919-319-4709Contact us

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Key Industries
Community Life
Info Center

Longtime Cary shopping center sells for $30 million to local group

Longtime Cary shopping center sells for $30 million to local group

June 7, 2024 | Mark Lawson | Awards & Accolades

Cary firm names prominent exec CEO
July 23, 2024
Developers submit plans for downtown Cary’s tallest building yet
July 17, 2024
Cary CRO lands contract to make decentralized trials more efficient
July 16, 2024
Cary firm on pace for $900M year makes big acquisition from FMC Corp.
July 15, 2024

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307 N. Academy St.
Cary, NC 27513

Jacqueline Roth
jroth@carychamber.com
919-319-4709

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caryeconomicdevelopment

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caryeconomicdevelopment

Jul 26

Allucent, a contract research organization headquartered in Cary, named Paula Brown Stafford their new CEO. The move comes after Brown’s years-long run heading Novan in Durham. Former Allucent CEO Mark Goldberg will continue to serve as chairman, the company said, calling the leadership change a planned transition.

Brown was previously president of Quintiles (now Iqvia) and was Triangle Business Journal’s 2022 Women in Business Lifetime Achievement Award winner. She brings more than three decades of life sciences experience to Allucent and will guide the company’s next phase of growth.

According to Triangle Business Journal, Allucent has more than 100 employees in the region and more than 1,000 companywide.

Allucent, a contract research organization headquartered in Cary, named Paula Brown Stafford their new CEO. The move comes after Brown’s years-long run heading Novan in Durham. Former Allucent CEO Mark Goldberg will continue to serve as chairman, the company said, calling the leadership change a planned transition.

Brown was previously president of Quintiles (now Iqvia) and was Triangle Business Journal’s 2022 Women in Business Lifetime Achievement Award winner. She brings more than three decades of life sciences experience to Allucent and will guide the company’s next phase of growth.

According to Triangle Business Journal, Allucent has more than 100 employees in the region and more than 1,000 companywide. ...

caryeconomicdevelopment

Jul 24

Envu, headquartered in Cary, is poised to reach $900 million in revenue this year following a significant acquisition move. The company has agreed to purchase Global Specialty Solutions (GSS) from FMC Corporation for $350 million.

Envu CEO Gilles Galliou emphasized the strategic fit between Envu and GSS, noting shared goals, products, and markets. This acquisition is seen as a diversification strategy that enhances innovation and supply capabilities for Envu. Envu has grown to $850 million in revenue last year, with a target of $900 million for 2024. The company employs 900 people globally, including 200 in Cary.

Read the full story via @trianglebizjrnl

Envu, headquartered in Cary, is poised to reach $900 million in revenue this year following a significant acquisition move. The company has agreed to purchase Global Specialty Solutions (GSS) from FMC Corporation for $350 million.

Envu CEO Gilles Galliou emphasized the strategic fit between Envu and GSS, noting shared goals, products, and markets. This acquisition is seen as a diversification strategy that enhances innovation and supply capabilities for Envu. Envu has grown to $850 million in revenue last year, with a target of $900 million for 2024. The company employs 900 people globally, including 200 in Cary.

Read the full story via @trianglebizjrnl ...

caryeconomicdevelopment

Jul 23

Kellanova is launching a pioneering initiative in partnership with Ahold Delhaize USA to produce Cheez-It and Club crackers using regenerative wheat. These innovative products will be exclusively available at Ahold’s stores.

As part of this initiative, Kellanova and Ahold are collaborating with Bartlett, a grain agribusiness provider, to promote regenerative agricultural practices among wheat farmers in North Carolina. This regenerative wheat will be utilized alongside conventionally grown wheat in both cracker brands at Kellanova’s facility in Cary.

The pilot program aims to reduce Scope 3 greenhouse gas emissions and is set to commence this summer, with products expected on Ahold Delhaize shelves next year. Initially, the focus will be on farmers who have already adopted regenerative agricultural methods, with plans to expand and educate more farmers in the future.

Kellanova is launching a pioneering initiative in partnership with Ahold Delhaize USA to produce Cheez-It and Club crackers using regenerative wheat. These innovative products will be exclusively available at Ahold’s stores.

As part of this initiative, Kellanova and Ahold are collaborating with Bartlett, a grain agribusiness provider, to promote regenerative agricultural practices among wheat farmers in North Carolina. This regenerative wheat will be utilized alongside conventionally grown wheat in both cracker brands at Kellanova’s facility in Cary.

The pilot program aims to reduce Scope 3 greenhouse gas emissions and is set to commence this summer, with products expected on Ahold Delhaize shelves next year. Initially, the focus will be on farmers who have already adopted regenerative agricultural methods, with plans to expand and educate more farmers in the future. ...

caryeconomicdevelopment

Jul 22

CNBC ranks North Carolina the #2 State For Business in 2024. CNBC scored all 50 states on 128 metrics in 10 broad categories of competitiveness to determine America’s Top States for Business 2024. Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials. Data from a variety of sources to measure the states’ performance. North Carolina ranked #2 overall, but also ranked very high in Workforce, Economy and Business Friendliness.

CNBC ranks North Carolina the #2 State For Business in 2024. CNBC scored all 50 states on 128 metrics in 10 broad categories of competitiveness to determine America’s Top States for Business 2024. Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials. Data from a variety of sources to measure the states’ performance. North Carolina ranked #2 overall, but also ranked very high in Workforce, Economy and Business Friendliness. ...

caryeconomicdevelopment

Jul 15

Business Facilities has ranked Raleigh-Cary, NC in the top 3 large metros for Best Business Climate in its 20th Annual Rankings Report. For the annual Best Business Climate rankings, Business Facilities considers the appeal of large, mid-sized, and small cities as part of relocation and expansion decisions.

According to Business Facilities Editorial Director Anne Cosgrove, “The annual Metro Rankings Report recognizes the strengths of metros and cities across North America, and our evaluations take into account a broad range of site selection factors. As companies seek the ideal location for their relocation and expansion projects, the 2024 rankings will provide valuable insight for site selection teams.”

Focused on more than 60 factors pertinent to site selection teams for business relocation and expansion investments, these rankings serve as a valuable resource for corporate site selectors and site selection consultants. Comprised of State, Metro, and Global rankings, the 20th Annual Rankings Report will be published in the July/August 2024 issue of Business Facilities.

Business Facilities has ranked Raleigh-Cary, NC in the top 3 large metros for Best Business Climate in its 20th Annual Rankings Report. For the annual Best Business Climate rankings, Business Facilities considers the appeal of large, mid-sized, and small cities as part of relocation and expansion decisions.

According to Business Facilities Editorial Director Anne Cosgrove, “The annual Metro Rankings Report recognizes the strengths of metros and cities across North America, and our evaluations take into account a broad range of site selection factors. As companies seek the ideal location for their relocation and expansion projects, the 2024 rankings will provide valuable insight for site selection teams.”

Focused on more than 60 factors pertinent to site selection teams for business relocation and expansion investments, these rankings serve as a valuable resource for corporate site selectors and site selection consultants. Comprised of State, Metro, and Global rankings, the 20th Annual Rankings Report will be published in the July/August 2024 issue of Business Facilities. ...

caryeconomicdevelopment

Jul 12

Allucent, a clinical research organization based in Cary, has been selected by the Rapid Response Partnership Vehicle (RRPV) to lead a decentralized clinical trial for the next generation of COVID-19 vaccines. The $25.5 million award will support a Phase IV clinical trial involving up to 4,000 participants. This trial aims to evaluate vaccine effectiveness across diverse geographic populations against SARS-CoV-2. Allucent plans to utilize a decentralized trial approach, where participants can stay at home and self-collect specimens using wearable devices. This initiative is part of Project NextGen, a $5 billion effort to advance the U.S. response to COVID-19 and enhance readiness for future public health challenges.

Allucent, a clinical research organization based in Cary, has been selected by the Rapid Response Partnership Vehicle (RRPV) to lead a decentralized clinical trial for the next generation of COVID-19 vaccines. The $25.5 million award will support a Phase IV clinical trial involving up to 4,000 participants. This trial aims to evaluate vaccine effectiveness across diverse geographic populations against SARS-CoV-2. Allucent plans to utilize a decentralized trial approach, where participants can stay at home and self-collect specimens using wearable devices. This initiative is part of Project NextGen, a $5 billion effort to advance the U.S. response to COVID-19 and enhance readiness for future public health challenges. ...

caryeconomicdevelopment

Jul 10

Hines, the developer behind Cary’s Fenton, is planning a massive makeover for Waverly Place. A popular outdoor shopping center in Cary, Waverly Place could be joining a growing list of malls across the Triangle that are being redeveloped.

The project would include up to 750 apartments, and an additional 30,000 square feet of commercial space. The redevelopment would largely focus on 7.74 acres of the 22.5-acre property at 2001 Kildaire Farm Road, including two parking lots and the CMX CinéBistro.

According to Hines’ managing director, Paul Zarian, “The prospect of continuing to invest in Cary was compelling.” He went on to describe the Fenton shopping center as a “core asset” surrounded by “excellent demographics.”

For the full story visit @newsobserver.

Hines, the developer behind Cary’s Fenton, is planning a massive makeover for Waverly Place. A popular outdoor shopping center in Cary, Waverly Place could be joining a growing list of malls across the Triangle that are being redeveloped.

The project would include up to 750 apartments, and an additional 30,000 square feet of commercial space. The redevelopment would largely focus on 7.74 acres of the 22.5-acre property at 2001 Kildaire Farm Road, including two parking lots and the CMX CinéBistro.

According to Hines’ managing director, Paul Zarian, “The prospect of continuing to invest in Cary was compelling.” He went on to describe the Fenton shopping center as a “core asset” surrounded by “excellent demographics.”

For the full story visit @newsobserver. ...

caryeconomicdevelopment

Jul 4

Wishing everyone in Cary a very happy Fourth of July!

Wishing everyone in Cary a very happy Fourth of July! ...

caryeconomicdevelopment

Jul 2

Raleigh-Durham International Airport is adding to the Triangle’s international reach with new Copa Airlines and Lufthansa flights. The flights connect the Triangle to thriving international cities, with Copa Airlines’ flight from Panama City, Panama, and Lufthansa’s flight to Frankfurt, Germany.

These new flights have come after @flyrdu announced it set a new monthly record for passenger traffic in May. The airport saw 1.4 million passengers pass through its terminals, 10.5 percent above April’s traffic numbers and 9.7 percent above last May’s metrics. Last year, RDU added four new airlines, 25 new destinations and 49 new additional routes and were the fastest growing airport in the top 50 airports in the United States with a 22% increase in passenger traffic over 2022.

Visit @wral and @trianglebizjrnl to learn more:

https://www.wral.com/video/rdu-welcomes-first-lufthansa-flight-from-frankfurt/21470127/

https://www.bizjournals.com/triangle/news/2024/06/21/rdu-copa-airlines-panama-city-nonstop-flights.html?utm_source=ma&utm_medium=dr&utm_campaign=rss&utm_content=general

Raleigh-Durham International Airport is adding to the Triangle’s international reach with new Copa Airlines and Lufthansa flights. The flights connect the Triangle to thriving international cities, with Copa Airlines’ flight from Panama City, Panama, and Lufthansa’s flight to Frankfurt, Germany.

These new flights have come after @flyrdu announced it set a new monthly record for passenger traffic in May. The airport saw 1.4 million passengers pass through its terminals, 10.5 percent above April’s traffic numbers and 9.7 percent above last May’s metrics. Last year, RDU added four new airlines, 25 new destinations and 49 new additional routes and were the fastest growing airport in the top 50 airports in the United States with a 22% increase in passenger traffic over 2022.

Visit @wral and @trianglebizjrnl to learn more:

https://www.wral.com/video/rdu-welcomes-first-lufthansa-flight-from-frankfurt/21470127/

https://www.bizjournals.com/triangle/news/2024/06/21/rdu-copa-airlines-panama-city-nonstop-flights.html?utm_source=ma&utm_medium=dr&utm_campaign=rss&utm_content=general ...

caryeconomicdevelopment

Jul 1

Universities like @dukeuniversity, @uncchapelhill, @ncstate and @waketechcc greatly contribute to the Triangle’s booming economy and are cited by companies as a major factor when they consider relocating or expanding in the Triangle. The successes of the startup companies coming out of these nearby universities only help to make our local economy even stronger. Take a look at the inspiring stories of three startups that came from some of the most prominent colleges in the Triangle via @trianglebizjrnl

Universities like @dukeuniversity, @uncchapelhill, @ncstate and @waketechcc greatly contribute to the Triangle’s booming economy and are cited by companies as a major factor when they consider relocating or expanding in the Triangle. The successes of the startup companies coming out of these nearby universities only help to make our local economy even stronger. Take a look at the inspiring stories of three startups that came from some of the most prominent colleges in the Triangle via @trianglebizjrnl ...

caryeconomicdevelopment

Jun 28

Cary continues to shine, once again ranking in the best places to live in the United States https://livability.com/nc/cary/?top-100=2024 (according to Livability) and coming in at #2 for the safest and most affordable U.S. cities (according to GoBankingRates) https://www.gobankingrates.com/money/economy/safest-most-affordable-us-cities-to-live-in/.

This is the place to be. As a result, Cary offers businesses a pool of highly skilled talent to draw from as people continue to flock here for the quality of life, safety, schools, healthcare and cultural arts.

Cary continues to shine, once again ranking in the best places to live in the United States https://livability.com/nc/cary/?top-100=2024 (according to Livability) and coming in at #2 for the safest and most affordable U.S. cities (according to GoBankingRates) https://www.gobankingrates.com/money/economy/safest-most-affordable-us-cities-to-live-in/.

This is the place to be. As a result, Cary offers businesses a pool of highly skilled talent to draw from as people continue to flock here for the quality of life, safety, schools, healthcare and cultural arts. ...

caryeconomicdevelopment

Jun 26

Good news coming out of @kellanova who has a location right here in Cary that includes baking of the famous Cheez-It cracker! Manufacturing is strong in the Triangle and Cary continues to lead the way.

CEO says Kellanova delivering on growth after Kellogg Co. split
—
Kellanova, the snack food division spinout of Kellogg Co. is delivering on long-term growth expectations due in part to increased demand for Cheez-It crackers, which are baked in Cary, North Carolina. As a result, there are plans to expand operations to make way for another production line, additional packaging equipment, and space for assembly and logistics. Read more: https://www.foodbusinessnews.net/articles/26255-ceo-says-kellanova-delivering-on-growth-after-kellogg-co-split

Kellanova and Ahold Delhaize USA Pilot Unique Supply Chain Resiliency Partnership
—
Kellanova will pilot a first-of-its-kind program with Ahold Delhaize USA to make Cheez-It and Club crackers with regenerative wheat that will be sold exclusively in Ahold’s stores (Food Lion and Giant grocery stores in US). Under Ahold’s “Grounded in Goodness” strategy, that focuses on healthier people and a healthier planet, Kellanova and Ahold are teaming with grain agribusiness provider Bartlett to invest in regenerative agricultural practices among wheat farmers in North Carolina. This wheat will be used alongside conventionally grown wheat in the two cracker brands and used in its Cary, N.C., facility. Read more: https://consumergoods.com/kellanova-and-ahold-delhaize-usa-pilot-unique-supply-chain-resiliency-partnership

#Kellanova #CaryNC #CheezIt #CaryEconcomicDevelopment

Good news coming out of @kellanova who has a location right here in Cary that includes baking of the famous Cheez-It cracker! Manufacturing is strong in the Triangle and Cary continues to lead the way.

CEO says Kellanova delivering on growth after Kellogg Co. split
—
Kellanova, the snack food division spinout of Kellogg Co. is delivering on long-term growth expectations due in part to increased demand for Cheez-It crackers, which are baked in Cary, North Carolina. As a result, there are plans to expand operations to make way for another production line, additional packaging equipment, and space for assembly and logistics. Read more: https://www.foodbusinessnews.net/articles/26255-ceo-says-kellanova-delivering-on-growth-after-kellogg-co-split

Kellanova and Ahold Delhaize USA Pilot Unique Supply Chain Resiliency Partnership
—
Kellanova will pilot a first-of-its-kind program with Ahold Delhaize USA to make Cheez-It and Club crackers with regenerative wheat that will be sold exclusively in Ahold’s stores (Food Lion and Giant grocery stores in US). Under Ahold’s “Grounded in Goodness” strategy, that focuses on healthier people and a healthier planet, Kellanova and Ahold are teaming with grain agribusiness provider Bartlett to invest in regenerative agricultural practices among wheat farmers in North Carolina. This wheat will be used alongside conventionally grown wheat in the two cracker brands and used in its Cary, N.C., facility. Read more: https://consumergoods.com/kellanova-and-ahold-delhaize-usa-pilot-unique-supply-chain-resiliency-partnership

#Kellanova #CaryNC #CheezIt #CaryEconcomicDevelopment ...

caryeconomicdevelopment

Jun 21

There’s about to be more office, retail and restaurant space near Downtown Cary! Bost Custom Homes has filed site plans for a mixed use building in Cary. Learn more at @trianglebusinessjournal

There’s about to be more office, retail and restaurant space near Downtown Cary! Bost Custom Homes has filed site plans for a mixed use building in Cary. Learn more at @trianglebusinessjournal ...

caryeconomicdevelopment

Jun 19

North Carolina businesses lead the nation in innovation with 96 percent patent growth over the past 10 years. With a commitment to long term sustainability, North Carolina is a top state for solar and wind power production. Our ample resources, highly skilled workforce, and renowned education systems all contribute to our state’s future-minded ingenuity. In Cary, we are proud to host businesses at all stages of maturity, and our innovative start-ups are a valuable addition to the community.

North Carolina businesses lead the nation in innovation with 96 percent patent growth over the past 10 years. With a commitment to long term sustainability, North Carolina is a top state for solar and wind power production. Our ample resources, highly skilled workforce, and renowned education systems all contribute to our state’s future-minded ingenuity. In Cary, we are proud to host businesses at all stages of maturity, and our innovative start-ups are a valuable addition to the community. ...

caryeconomicdevelopment

Jun 13

The Rogers Restaurant and Motel was a hallmark of the Cary community since the late ‘60s. After owning and operating the building for over 30 years, Billy and Barbara Rogers retired and closed the business in 1991, leaving it vacant. Today, the space is being revived back to its community-focused roots and is allowing work spaces, retail shops, restaurants and small businesses to thrive. Read the full story via @newsobserver

The Rogers Restaurant and Motel was a hallmark of the Cary community since the late ‘60s. After owning and operating the building for over 30 years, Billy and Barbara Rogers retired and closed the business in 1991, leaving it vacant. Today, the space is being revived back to its community-focused roots and is allowing work spaces, retail shops, restaurants and small businesses to thrive. Read the full story via @newsobserver ...

caryeconomicdevelopment

Jun 10

What’s happening in Downtown Cary? Here’s the latest on real estate from @trianglebizjrnl. Growth continues with new housing happening in and around #downtowncary

What’s happening in Downtown Cary? Here’s the latest on real estate from @trianglebizjrnl. Growth continues with new housing happening in and around #downtowncary ...

caryeconomicdevelopment

Jun 7

There is tons of economic activity always happening in Cary. Recently, longtime Cary shopping center MacGregor Village sold for $30 million. It consists of six buildings and 138,276 square feet of space, according to property records.

“The first time I came to Cary 20-plus years ago, it was the first shopping center that I visited, so it has some personal meaning to me, and I just think it’s got a lot of potential down the road.”

Read the full story via @trianglebizjrnl

There is tons of economic activity always happening in Cary. Recently, longtime Cary shopping center MacGregor Village sold for $30 million. It consists of six buildings and 138,276 square feet of space, according to property records.

“The first time I came to Cary 20-plus years ago, it was the first shopping center that I visited, so it has some personal meaning to me, and I just think it’s got a lot of potential down the road.”

Read the full story via @trianglebizjrnl ...

caryeconomicdevelopment

Jun 6

Like the region it serves, Raleigh-Durham International Airport continues to grow, with RDU being the fastest growing airport in terms of passenger traffic among the top 50 airports! Check out @wncntv for the full story.

Like the region it serves, Raleigh-Durham International Airport continues to grow, with RDU being the fastest growing airport in terms of passenger traffic among the top 50 airports! Check out @wncntv for the full story. ...

caryeconomicdevelopment

Jun 5

Today marks day one of @tst7v7 2024! Cary is proud to host The Soccer Tournament (TST), where 48 Men’s teams and 8 Women’s teams will be competing for 2 $1 million prizes. The event will take place at Cary’s nationally recognized WakeMed Soccer Park from June 5-10.

Today marks day one of @tst7v7 2024! Cary is proud to host The Soccer Tournament (TST), where 48 Men’s teams and 8 Women’s teams will be competing for 2 $1 million prizes. The event will take place at Cary’s nationally recognized WakeMed Soccer Park from June 5-10. ...

caryeconomicdevelopment

May 31

Arts and Culture are a huge aspect of life in Cary. Cary hosts numerous community events throughout the year. Whether you like the arts & music, festivals, or if you are into fitness activities & sports, our area offers events for people of all ages and interests.

Arts and Culture are a huge aspect of life in Cary. Cary hosts numerous community events throughout the year. Whether you like the arts & music, festivals, or if you are into fitness activities & sports, our area offers events for people of all ages and interests. ...

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