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Raleigh Area Ranks No. 3

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January 03, 2019
The following is from an article featured in Inc. 

These Are the 50 Best Places in America for Starting a Business

This former tobacco and textile town has been transformed into a software hub. Raleigh's revitalized downtown is home to a number of fast-growth startups, including business software maker Pendo, which closed a $50 million Series D in 2019.

Like many startups in the area, Pendo got its start in HQ Raleigh, the city's dominant co-working space, which offers flexible leases and access to mentors. The Research Triangle--the area encompassing Raleigh, Durham, and Chapel Hill--boasts the fourth-most-educated population in the country, ahead of San Francisco, according to personal finance firm WalletHub.

Forty-seven percent of the local talent pool holds a bachelor's degree or higher, and many are from well-regarded local universities Duke, the University of North Carolina at Chapel Hill, and NC State. These schools all offer strong engineering and computer science programs, so the startup scene is software heavy.

But there's also a thriving food scene that includes Seal the Seasons, which freezes and distributes farmers' crops. Overall, North Carolina companies raised $1.1 billion in 2017, up 36 percent from the previous year.

To read the full article: https://www.inc.com/surge-cities/best-places-start-business.html