News Summary
BuildOps has chosen Raleigh, North Carolina, for its new tech hub, promising 291 high-paying jobs with an average salary of $111,000. The total investment is projected to be $771,000, significantly boosting the local economy. The company aims to complete hiring by 2029 and is actively seeking office space in downtown Raleigh, a promising sign for local commercial growth. Governor Josh Stein highlights this development as a contributor to North Carolina’s thriving tech scene, which has experienced 25% growth since 2018. This news brings optimism for Raleigh’s future economic landscape.
North Carolina Welcomes BuildOps: A New Era of Job Growth!
The construction software company BuildOps will establish a new tech hub in Raleigh, North Carolina, bringing 291 high-paying jobs to the city. This announcement, made during a North Carolina Economic Investment Committee meeting, signals significant economic growth for the region.
Job Creation and Economic Impact
The new BuildOps hub will offer jobs with an average salary of $111,000, which is considerably above the current average salary in Wake County of $76,643. BuildOps is anticipated to complete its hiring processes by the end of 2029, making this an excellent time for local job seekers.
Investments in Raleigh will total approximately $771,000, contributing to an extraordinary economic impact. BuildOps aims to expand beyond the initial 291 jobs in future years, with the potential for even more growth in the local workforce.
Understanding BuildOps
BuildOps specializes in simplifying operations for commercial contractors by developing software that manages various tasks, including scheduling and invoicing. This means that along with job creation, the local economy will benefit from increased efficiency in project management through innovative technology.
Raleigh’s Growing Role
Set to be the largest of BuildOps’ three locations, which also include offices in Los Angeles and Toronto, Raleigh gains a crucial position within the company’s structure as an important player in the construction software industry.
BuildOps is currently exploring options for office space in downtown Raleigh. This move is particularly promising for the city’s commercial market amid rising office vacancy rates, which have increased to about 15.4%, up from just 5% in early 2020.
Economic Incentives and Projections
To support the new hub, Raleigh has secured a Job Development Investment Grant (JDIG) valued at up to $2.8 million, with nearly $1.839 million allocated for performance-based job incentives. Local incentives will add $87,300, enhancing the attractiveness of this venture. Overall, the anticipated economic impact of these initiatives is around $702 million over the 12-year incentive period.
Why Raleigh Was Chosen
Raleigh’s strong pool of tech talent and its supportive educational institutions played a significant role in BuildOps’ decision, as the city outshined other contenders like Austin, Texas. The new jobs are expected to generate a payroll boost of over $30 million annually, reinforcing the development of Raleigh’s tech sector.
Local Economic Growth Trends
This development contributes to the broader tech scene in North Carolina, which has experienced an impressive 25% growth since 2018. The establishment of BuildOps is expected to enhance the favorable economic outlook for the region while fostering infrastructure improvements.
The creation of high-paying jobs, combined with significant economic impacts and increased focus on the tech industry, makes the arrival of BuildOps in Raleigh a momentous occasion for the city and its residents.
Deeper Dive: News & Info About This Topic
- WRAL: Construction Software Company Plans New Raleigh Hub
- ABC11: BuildOps Comes to Raleigh
- Goldsboro Daily News: BuildOps to Create Jobs in Raleigh
- Access Newswire: BuildOps Expands to Raleigh
- Axios: BuildOps Startup Hiring in Downtown Raleigh
- Wikipedia: Raleigh, North Carolina
- Google Search: BuildOps
- Google Scholar: BuildOps
- Encyclopedia Britannica: Construction Software
- Google News: BuildOps 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.
