Ray A. Smith
speaker
910 appearances
20 recordings
1 series
first heard Jun 2018
last heard Nov 2024
Ray A. Smith’s voice in public audio — every appearance, attributed to the second.
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Appearances
And those universities are serving as pipelines for all those firms with locations there.
What they also have in common is affordability, lower cost of living relative to other parts of the country.
Raleigh had the best combination of brisk hiring, good salaries, and affordability.
Its nickname is the Research Triangle, and that's because there are a lot of research universities there.
Duke University is also there.
It's one of the prestigious research institutions in the area that companies are saying they're expanding their recruiting efforts from.
Several companies, including Gilead Sciences and Cisco, MetLife, told us they've recently expanded their recruiting from schools there and in the state.
The South has long had a lower cost of living.
That's not so new that they've had a lower cost of living than the coast.
The same with Baltimore when compared with D.C.
or New York City.
It's the lower cost of living, but also the growth of a range of businesses there.
A lot more businesses have opened sites and locations in those areas.
And also some people point out there's just a better quality of life in the South, whether there's just more nature, nicer weather.
The people are friendlier, some people have told us.
There's just more breathing room and walkability and affordability.
Interestingly enough, job growth there continues to outpace the national average and rents down more than 7% since last July.
Combined with new apartments that have come online, that's making the city actually more affordable for recent graduates and 20-somethings.
What's attracting people there is a burgeoning music scene as well as cultural festivals.
Obviously, you know about South by Southwest and some other festivals there.
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