Bright Future for North Carolina Employment Market

Employment in North Carolina: The Future Begins Here

The once-powerful manufacturing centers of the Northeast that dominated the world during the last century have largely fallen on hard times, unable to adapt or compete in the new economy of information and advanced technology. However, a new American manufacturing center is rising, and a new employment golden age is dawning in the new century – and this time, it is happening in North Carolina.

The exodus of manufacturing jobs that struck the state in the late 1980s and through the 1990s has stopped and begun a steep reversal. Even the textile industry, which once dominated manufacturing in the state only to largely die off due to NAFTA and the drive to send textile manufacturing jobs  to Mexico and South America, has shown new signs of life.

The state has also benefited greatly from a completely unexpected side-effect of the job purge of the previous decades. The exodus of jobs to South America and elsewhere left behind a large pool of skilled manufacturing workers, machinists, and support staff that were ready and available when the new era of manufacturing in the state began. This has made the establishment of new manufacturing businesses in the state relatively painless, with trained workers ready to fill the jobs as they become available.

Another key feature that has allowed North Carolina to lead the nation into the New Economic Century is Research Triangle Park (RTP), located near Durham. RTP is one of the largest research and development centers in the world, and a leader in developing and growing new technologies. Founded in 1959, RTP is home to more 200 advanced technology and bioscience companies. These companies include the pharmaceutical giant GlaxoSmithKline, IBM, SAS Institute, Boeing, and many, many others. Companies based in RTP employ more than 50,000 full-time employees and an estimated 10,000 contract workers.

RTP has become the fuel that drives the engine of the economic future of North Carolina, and that future is bright, with more and more technology companies making the trip South to call North Carolina home.

 

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