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Business in Raleigh

Forbes ranked Raleigh NC #1 in the "Best Places For Business And Careers" metro category according to an annual survey released on Friday by Forbes.com.

Raleigh, part of the so-called 'research triangle' with Durham and Chapel Hill where several major universities are located, has low unemployment, strong income and job growth, high incomes and a relatively low cost of living, Forbes said.

Raleigh's industries include electrical, medical, electronic, telecommunications equipment, clothing apparel, food processing, paper products, and pharmaceuticals.

The city is part of North Carolina’s Research Triangle, and is a major retail shipping point for eastern North Carolina and a wholesale distributing point for food stores.

The following companies are based in or operated in Raleigh:

Siemens Power Transportation and Distribution,
Progress Energy,
IBM,
First Citizens Bank,
RBS Centura,
Golden Corral,
Cisco,
Nortel Networks and
Martin Marietta Materials, Inc.
to name only a few.

Raleigh Economy

The Raleigh and the Triangle area rank among the nation's best economies. with unemployment remaining low and the per capita income remains high.

Government, education, and healthcare which are Wake county's largest industry are recession-proof. Despite the fact that Raleigh has felt the impact of the nations economic slowdown it appears that Raleigh's economy remains strong.