North Carolina Economic Development Guide


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in Utah in 1999. He moved it 12 years ago to Cary, where it grew from a handful of employees to 400. He expected revenue to reach $100 million in 2013. The growth made Bandwidth's Cary space feel like a phone booth. When it was time for the company to expand, Morken could have moved it anywhere — Bandwidth already had an offce in Denver, which is known for its high quality of life. But it stayed in North Carolina, moving to N.C. State University's Centennial Campus in Raleigh in October 2013. It occupies space software developer Red Hat Inc. vacated when it moved its headquarters to downtown Raleigh. North Carolina's housing market, cost of living and educational opportunities make it hard for Morken and other execs who have 54 No rt h C arol i Na E CoNo mi C DE v Elo p mE N t Gu iDE

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