Region gets a new Fortune 500 headquarters
Advance Auto Parts announced this week that they would be relocating their corporate headquarters from southwestern Virginia to central North Carolina. Number 317 on the Fortune 500 list, the company will be adding hundreds of new jobs to Raleigh. We expect to see more of these announcements, particularly as Raleigh is ranked in the top 5 places for business, with North Carolina just ranked as the best overall state again. Anyone relocating to the Triangle for new jobs and opportunities will be welcomed by great people, a renowned educational system, and an excellent, improving multimodal transportation network. They could even attend the RTA annual meeting in January to learn about what’s to come from a transportation standpoint in their new hometown region.
Region already has top 50 research universities
This week has been a great one for economic development. This week also gave us a nice reminder of our market’s research and development prowess. Our three tier-one research universities were listed among the top 50 in the nation for R&D spending according to a new report by the National Science Foundation. The success of RTA Leadership Team investors Duke University, NC State University, and UNC Chapel Hill will continue to serve as the foundational economic engines of our region while spurring the talent and job creation needed to create and fund investments and innovation in mobility.
What should become of Capital Blvd between 440 and 540
Often we think of Capital Boulevard north of the Beltline as a challenge for a number of modes of travel, and perhaps for economic development. Going forward, let’s look at that corridor as an opportunity – in fact, we can do so right now. The City has an ongoing, simple survey that you can take. It is due on Sunday, but it won’t take long to complete. Last month we highlighted the conversion of US 1 north of 540 to a freeway . The section south of 540 won’t look like a 70 MPH freeway, but it can and must be improved – please review the survey and make your voice heard.
Thank you for your leadership on our region’s mobility future as a member of RTA!
Let’s get moving,
Joe Milazzo II, PE
RTA Executive Director