People at Raleigh Union Station waiting for a train and some networking at an event

Annual Economic Development Report Now Available

Labor Day is dedicated to the social and economic achievements of American workers and to the contributions made to the strength, prosperity, and well-being of our country.

On the heels of celebrating this holiday, the Office of Economic Development and Innovation takes great pride in sharing our FY20 annual report - a direct reflection of our collaboration and collective labor. We are grateful for our community and our partners for the commitment made to keep Raleigh a top-rated, welcoming place for all.

The 2019-2020 Fiscal Year began with an expectation of continued economic growth and development. None of us could have anticipated the number of pivots, changes, and challenges that 2020 would bring. But one thing is clear, Raleigh’s community knows how to rally – to be collaborative, strategic, and willing to step in to help one another.

As you read this report, please take the time to celebrate the achievements and challenges that you’ve faced this year and know we are paying tribute to your hard work. #WeAreRaleigh

Report Highlights

  • In true Raleigh fashion, the community quickly stepped up for one another - from the creation of curbside pick-up zones, providing meals to those in need, pivoting business models, to supporting the manufacturing of personal protection equipment. Raleigh’s business community remains innovative, supportive, and hopeful. 
  • The crises provided renewed focus with Raleigh ED&I strengthening partnerships with 12 business alliances that provide economic development leadership in identified regions or with specific demographics. Additional partnerships leveraged through the year included working alongside Wake County Economic Development, the Economic Development Partnership of NC (EDPNC), and the NC Department of Commerce in responding to 61 projects.
  • Raleigh welcomed 12 new companies and supported the expansion of over 46 businesses. This activity represents 2,897 new jobs that will lend to Raleigh’s robust talent pipeline for years to come. 

View our FY20 Annual Report



Director, Office of Economic Development:
Veronica Creech