Business

Zachery Eanes
12 hours ago - Business

Raleigh has one of the highest concentrations of remote workers

Data: U.S. Census Bureau; Chart: Simran Parwani/Axios

The number of people primarily working from home tripled between 2019 and 2021, according to new survey results from the U.S. Census Bureau.

  • And Raleigh, one of the country's growing tech clusters, is one of the leading cities for remote work.

By the numbers: Just more than one-third of workers in the Raleigh metro area worked primarily from home in 2021.

New music venue coming to Downtown South development

A rendering of a music venue with a rooftop lounge.
A rendering of the proposed venue by the architecture firm Gensler, courtesy of Kane Realty

A music venue with a capacity for 3,500 people is coming to the Downtown South development project, its developer, Kane Realty, said on Wednesday.

What's happening: Kane said the venue will be operated by AEG Presents, one of the largest events companies in the country responsible for booking acts like Taylor Swift and The Rolling Stones.

Zachery Eanes
Sep 9, 2022 - Business

Scoop: Pendo lays off 5% of workforce

Pendo's glass tower in downtown Raleigh.
Pendo's offices in downtown Raleigh. Photo: Courtesy of Pendo.

Pendo, a Raleigh software startup valued last year at $2.6 billion, has laid off around 5% of its workforce and slowed its hiring goals, CEO Todd Olson tells Axios.

Driving the news: The cuts came on Wednesday and affected 45 positions, mostly in recruiting and sales support.

Zachery Eanes
Sep 9, 2022 - News

Exclusive: Wolfspeed CEO explains $5 billion Chatham County expansion

The Wolfspeed logo on a purple background.
Photo: by Rafael Henrique/SOPA Images/LightRocket via Getty Images.

Wolfspeed, the Durham-based chip maker formerly known as Cree, has picked Chatham County for a $4.8 billion materials plant.

  • The plant is expected to create at least 1,800 jobs that pay an average of $77,753 per year.
Zachery Eanes
Aug 24, 2022 - News

Triangle tech job openings decline

Data: N.C. Technology Association; Chart: Axios Visuals
Data: N.C. Technology Association; Chart: Axios Visuals

Tech job postings in North Carolina have fallen more than 22% from their all-time high in May as inflation and rising interest rates cool the economy.

Driving the news: There were 45,682 tech job openings in the state in July, according to a monthly report kept by the N.C. Technology Association.

Zachery Eanes
Aug 18, 2022 - Business

Brightly eyes growth following $1.6B Siemens deal

Siemen's HQ building at night.
Siemens' headquarters building in Germany. Photo: Michaela Handrek-Rehle/Bloomberg via Getty Images

Cary-based software company Brightly said it remains committed to the Triangle after agreeing to sell itself to German industrial giant Siemens for nearly $1.6 billion.

Context: Brightly — which had been known as Dude Solutions until earlier this year — is the maker of a building management software that helps building owners keep track of maintenance and energy usage.

Zachery Eanes
Aug 17, 2022 - News

The fastest-growing companies in the Triangle

A neon sign that reads Raleigh.
Inside Raleigh's train station. Photo: Zachery Eanes/Axios

A Cary-based seller of supplements and vitamins ranked among the 10 fastest-growing private companies in the U.S., according to Inc. Magazine’s annual list of the 5,000 fastest-growing companies.

Driving the news: Livingood Daily — a three-year-old company — told Inc. its revenues grew 38,448% over the past three years.

Other top growers in the Triangle were:

  • Industrial Automation Co., a Raleigh-based industrial electronic parts supplier, posted revenue growth of 3,963%. The company, founded in 2018, ranked No. 110 overall.
  • Custom Patch Hats, a Raleigh maker of customizable hats, grew its revenue by 3,390%. Also founded in 2018, the company ranked No. 140 overall.
  • ACHUTI, a Raleigh construction company, saw its revenue spike by 2,921%. The firm, which specializes in military and federal work, ranked No. 178 overall.
  • Connecting the Dots, a Morrisville marketing firm, reported revenue growth of 2,536%. The company ranked No. 214.

Read the full Inc. 5000 list here.

Jen Ashley
Aug 11, 2022 - News

Big Boss Brewing is looking for a new home

Illustration of a pattern of beer taps.
Illustration: Brendan Lynch/Axios

Big Boss Brewing, Raleigh's oldest craft brewery, will close its current location at the end of the month.

What's happening: Brewery director Seth Adams told WRAL the business is working to find a new space and plan to reopen in 2023.

Raleighpostcard

Get a free daily digest of the most important news in your backyard with Axios Raleigh.

🌱

Support local journalism by becoming a member.

Learn more