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Knowledge Resources and Innovation Infrastructure
Breed Success in Wake County, NC
B

usiness innovators who desire a competitive advantage have found a prime location in Wake County, North Carolina. Situated in one corner of the Research Triangle, Wake County houses an innovation infrastructure that has attracted the likes of SAS Institute, Cisco Systems, IBM, and most recently, Credit Suisse First Boston.
      Credit Suisse First Boston, a leading global investment banking and financial services firm, has announced that they will establish a major facility for global securities operations, applications development and data processing in the Wake County portion of the Research Triangle Park. The company will construct facilities to house these operations on a site that will allow for future expansion. They anticipate hiring 400 people within the first two years of operation, and the project will add over $100 million to the Wake County tax base.
      "What I find so attractive about North Carolina and the Triangle is the high value that is placed on people, lifestyle and education," said Eileen Murray, CSFB's Global Head of Global Technology, Operations and Product Control and member of the CSFB Executive Board. "The blending of business and education is unparalleled, and we are looking forward to being part of one of the fastest growing and most vibrant parts of the country."
      Companies like Credit Suisse First Boston continue to flock to the region, thanks to the area's superior knowledge-based resources and quality of life assets that are the hallmarks of an ascending market. Work-force intellectual capital continues to be a trademark of the area, with local companies having access to three major research universities in the region - North Carolina State University, Duke University, and the University of North Carolina at Chapel Hill - as well as an additional five local colleges in Wake County alone.
      Collaboration between area universities and businesses takes place daily, with entrepreneurial businesses of all sizes joining forces with researchers to pioneer new scientific processes and products. This technological innovation and transfer provide a win-win environment for local businesses and help to improve upon the already attractive quality of life that exists.
      A diverse area, the county's creative class boasts a quality of life that includes outdoor recreational activities year-round, a thriving cultural arts scene, and some of the finest museums in the Southeast. The area has been ranked the top place to live and work in America, making it easy for companies to recruit top talent.
      Knowledge resources, innovation infrastructure, and quality of life. It's a combination that continues to breed success in Wake County.


     

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