North Carolina Economic Development Guide

2017

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48 N o r t h C a r o l i N a E C o N o m i C D E v E l o p m E N t G u i D E orth Carolina is custom made for the intersection of technology and financial services. Charlotte, the state's largest city, is the second-largest banking center in the country. About two hours to the east is the Research Triangle Park, home to more than 200 cutting-edge companies, including world- renowned clusters in information technology and life sciences. Moreover, North Carolina is one of the fastest-growing states, attracting young, tech-savvy workers from around the world — more than 126,000 North Carolina residents make up the state's growing IT workforce. In fact, North Carolina has the second- fastest growing information-technology industry in the U.S., growing 26% since 2010, according to the Economic Development Partnership of North Carolina. Further bolstering the state's financial/technology landscape are assets including North Carolina's 58-campus community-college system, as well as renowned research universities such as Duke University, the University of North Carolina at Chapel Hill and North Carolina State University. Growth is assisted by grass-roots organizations such as Queen City Fintech in Charlotte, a boot-camp style accelerator program dedicated to identifying and growing innovative fintech startups. It all adds up to a winning formula for success. The following are examples of four North Carolina companies that are merging financial services and technology and driving both industries forward. Financial-technology firms help North Carolina retain and accelerate its reputation as a hub for innovation and technology. f i n a n c i a l t e c h n o l o g y The fu T ure of money n B y S A M B O y K I N

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