News Summary
BuildOps, a prominent construction software company, has selected Raleigh, North Carolina for its new tech hub, creating nearly 300 high-paying jobs. The move underscores Raleigh’s appeal due to affordability, talent availability, and growth potential. With an investment of approximately $711,000, BuildOps aims to expand its workforce, enhancing the local economy by injecting $702 million over the next 12 years. This new facility, supported by a state-approved incentives package, is poised to be the company’s largest office, addressing the demand for skilled positions in technology and software development.
Raleigh Welcomes BuildOps’ New Tech Hub
Raleigh, North Carolina, has been chosen by BuildOps, a leading construction software company based in Los Angeles, for the establishment of a new tech hub that aims to create nearly 300 high-paying jobs. The new facility, expected to provide an average salary of $111,000, marks a significant expansion for BuildOps as it looks to enhance its presence beyond its existing locations in Los Angeles and Toronto.
The decision to base the tech hub in Raleigh instead of Austin, Texas, was influenced by various key factors, including the area’s affordability, travel options, and the availability of skilled talent. Following the recent shift in wealth concentration, where Scottsdale, Arizona, surpassed Austin as the top wealth hub in the U.S., BuildOps solidified its preference for Raleigh as an optimal choice for future growth.
The Raleigh tech hub is poised to be BuildOps’ largest office to date. The company anticipates expanding its workforce, potentially exceeding the initial creation of 290 jobs as outlined in a state incentives agreement. An overarching investment of approximately $711,000 is planned for the development of the Raleigh office, which is set to be completed by the end of 2029.
Supportive Financial Incentives
BuildOps will benefit from a state-approved incentives package valued at up to $2.8 million. This package includes a jobs grant of about $1.8 million directed towards supporting the creation of jobs within the region. Additionally, local incentives amounting to around $87,300 have been approved for this ambitious project, further contributing to its viability and impact.
The economic forecast suggests that the project will inject approximately $702 million into the state’s economy over the life of the grant, which will span 12 years. This economic boost is anticipated to invigorate Raleigh’s job market and support local businesses, further solidifying the area’s appeal as a burgeoning tech hub.
Job Creation and Opportunities
BuildOps plans to hire across a variety of roles, including engineers, implementation staff, customer service representatives, and sales personnel. The average salary for these positions is notably higher than the current Wake County average for private sector jobs, which should attract a diverse array of applicants looking for rewarding careers in technology and software development.
The vacancy rate for office spaces in downtown Raleigh is currently reported at 15.4%, highlighting a pressing need for new job growth in the area, which the arrival of BuildOps is expected to address. Raleigh’s reputation for a relatively low cost of living, coupled with access to esteemed universities, has made it an attractive option for tech companies seeking to establish a foothold in a competitive market.
Focus on Construction Industry Efficiency
BuildOps specializes in enhancing project management efficiencies within the construction industry, primarily aimed at commercial contractors. By leveraging technology, the company seeks to streamline operations and eliminate various inefficiencies that have plagued the construction sector. This focus on modernization is part of BuildOps’ strategic vision as it enters the Raleigh market.
Overall, the decision of BuildOps to establish a tech hub in Raleigh reflects the city’s growing status as a center for technological advancement. The anticipated influx of nearly 300 jobs at competitive salaries is expected to positively impact the local economy and contribute to a dynamic job market, positioning Raleigh as a key player in the evolving landscape of the tech industry.
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- Spectrum Local News
- Wikipedia: BuildOps
- WRAL
- Google Search: Raleigh Tech Hub
- Axios Raleigh
- Google Scholar: Construction Software Tech Hubs
- WRAL TechWire
- Encyclopedia Britannica: Technology Hubs Raleigh
- Commercial Cafe
- Google News: Tech Industry Raleigh
Author: STAFF HERE AUSTIN WRITER
The AUSTIN STAFF WRITER represents the experienced team at HEREAustinTX.com, your go-to source for actionable local news and information in Austin, Travis County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as SXSW, Austin City Limits Music Festival, Formula 1 United States Grand Prix, and the Austin Film Festival. Our coverage extends to key organizations like the Greater Austin Chamber of Commerce and Visit Austin, plus leading businesses in technology, automotive, and retail that power the local economy such as Dell Technologies, Tesla, and Apple. As part of the broader HERE network, including HERECollegeStation.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
