There’s no perfect formula for creating a thriving municipality, but there are some key ingredients. Strategic economic development, a vibrant downtown culture, available jobs and an affordable cost of living are just a few essential elements, and the Town of Wake Forest has these checklist items in spades.
Attracting new business and being a hub where newcomers can thrive is an essential part of strategic economic growth. Equally important, however, is cultivating an atmosphere where homegrown businesses can prosper and grow.
The Town of Wake Forest works hard to embody this duality.
…our niche is in becoming a thriving hub of innovation and technology that comes from the entrepreneurs who are finding Wake Forest a great place to settle, start their business and grow. We find that most of our business “success stories” are homegrown businesses. I find it very exciting that our future hinges on fulfilling the dreams of many by our support.
While dozens of business, residential, and retail developments are currently underway in Wake Forest, these five projects are some of the biggest indicators of Wake Forests strategic and monumental growth.
Wake Forest has an impressive roster of women powerhouses who are leaders in business, entrepreneurship and tech. The community is home to dozens of businesses, from companies that have both national and international reach to local mom-and-pop shops giving the town provincial flavor.
Municipalities are often encouraged to “think local” as the support of local businesses and entrepreneurship is what makes local economies thrive. Towns like Wake Forest, know this.
The Wake Forest Business and Industry Partnership is a 501(c)3 nonprofit that promotes the town as a destination for business and industry through economic development activities. Additionally, the Wireless Research Center, which is based in Wake Forest, has helped launch more than 20 local businesses and further facilitated the launch of 80 more across the region.
Wake Forest, North Carolina is a community with a longstanding upward growth trajectory. While the population has increased by 218% since 2000, the boom in people calling the community home is only a portion of the Town’s demographic shift that lends itself to the ambition of growth focused businesses, startups, and entrepreneurs.
In Wake Forest, North Carolina, entrepreneurs find both opportunity and success. Tune in to catch a glimpse of the entrepreneurial journey and learn how our community positions entrepreneurs to succeed.
The Wake Forest Business & Industry Partnership was recently honored with two Bronze awards for Excellence in Economic Development by the International Economic Development Council. Winning these prestigious awards puts the Town of Wake Forest and its economic development initiatives on a pedestal for a diverse range of economic developers globally.
"For me, it was an easy decision… Wake Forest made good business sense. For one thing, the cost of doing business and… the culture of cooperation with small businesses here in Wake Forest.. then from a personal perspective, it was quality of life. It was a no-brainer.”
Stockbury Manor and PowerHouse Row, two high-end, mixed-use apartment projects, will break ground in downtown over the next several months adding new local retail and an abundance of housing options emphasizing access, culture, and strategic growth. Both developers considered several communities in Wake County, however, the strong population growth, vibrant community feeling of Wake Forest, and the character of the downtown made Wake Forest standout among the others
In April, the Board of Commissioners approved a two-year agreement that allows the dockless bicycle-sharing company, LimeBike, to offer bicycles for a fee anywhere inside the town limits. As part of the initiative, LimeBike has provided approximately 200 bright green-colored bicycles to Wake Forest and placed them in clusters in high traffic areas around town, including downtown and in parks and greenways.
As an entrepreneur, McWilliams has found Wake Forest, North Carolina, to be place where he can be both successful and enjoy a great quality of life. Since launching his growing business, like many other startups and technology companies in the community, he has found a diverse pool of talent readily available in Wake Forest, where more than 50 percent of the population has a bachelor’s degree or higher.
“We found the land, the property here, and worked with the Town to develop the property and develop the industrial park that we are in today. They were very eager for us to work with them. It was just a great experience for both us and the town."
The Wireless Research Center of North Carolina is a world class testing and research facility for wireless technology that is located in Wake Forest, North Carolina - near the heart of the Research Triangle Park.
The Triangle Region has officially announced it's bid for one of the most intensely competed for economic development opportunities of the decade: Amazon's HQ2. The second headquarters for the company will bring an anticipated 50,000 jobs and will invest billions of dollars into the local community.
Wake Forest is one of the top 10 cities in NC with the largest population increases between 2010 and 2015. The 10 cities with the largest population increases between 2010 and 2015 contain 25% of the state’s total population but make up half of the total population growth over the five-year period.
"The Raleigh-Cary metropolitan area remains one of the fastest growing in the country, according to the latest population estimates from the U.S. Census Bureau. More than 1.3 million people live in the Raleigh-Cary metro area, defined as Wake, Johnston and Franklin counties, up 2.5 percent in the year ending last June 30. The Raleigh metro area was the 14th fastest growing in the country and the fastest growing in North Carolina, followed by Charlotte, which grew 2 percent during that time."