A powerful economic engine for the Triangle Region, Raleigh Exec contributed $52.8 million and 430 jobs to the local economy even in the pandemic, according to “North Carolina: The State of Aviation,” a 2023 report issued by the state Department of Transportation on the impact of the aviation industry. Also in that report, which was based on 2021 data: Activity at the jetport generates $3.1 million in state and local taxes as well as $19 million in personal income.
Raleigh Exec serves the heart of the Research Triangle Region, an area that includes Raleigh, Cary, Apex, Chapel Hill, Durham and the Research Triangle Park, and remains one of the most dynamic, innovative economies in the world. The region includes the governmental center of a state “Forbes” magazine proclaimed in 2018 as the nation’s best for business. In fact, the Research Triangle Regional Partnership identifies more than 700 international companies in the region, more than 7,000 companies in all, and they’re fueled by a wealth of talent from a growing population, seven community colleges and 10 universities, including three of the world’s best: Duke University, NC State University and The University of North Carolina at Chapel Hill.
Nearby Research Triangle Park, the largest research park in the United States, is home to hundreds of companies, including major high-tech research and development facilities operated by some of the world’s top organizations, including GlaxoSmithKline, Cisco Systems and the National Institutes of Health.
Also within a short drive are Central Carolina Enterprise Park, home to advanced manufacturing and global industrial leaders like Pfizer and Caterpillar that rely on Raleigh Exec to keep business moving forward; the newly developing Triangle Innovation Point, a 2,150-acre life science and advanced manufacturing park; and Chatham Park, recently launched as one of the nation’s largest “live, work, play” communities.
OPPORTUNITY AT RALEIGH EXEC
About a dozen companies already operate at Raleigh Exec and that number will be expanding soon with commercial locations recently added. North Terminal offers several new, shovel-ready corporate sites near the terminal building for hangars 15,000 square feet or larger. All feature water, sewer and fiber internet service, along with a public fire suppression system and adjacent rail service.
With other shovel-ready business sites available from five to 50 acres, Raleigh Exec is an exciting location for aviation-related companies and any others looking for easy access to the Research Triangle Region and all the jetport offers.
For more about economic development at Raleigh Exec, including local incentive programs, contact the Sanford Area Growth Alliance.
COMPANIES AT RALEIGH EXEC
Aero Services provides avionics support to single engine piston, turbo-prop and jet business aircraft — including experimental, Warbird and light sport markets. 919.718.1715
Bandit Flight Team performs aerial tributes in vintage military aircraft at major sporting events, military ceremonies, community gatherings and corporate activities to preserve the military Warbird heritage and enhance important civic events. 919.345.3142
North Carolina Forest Service, a governmental agency dedicated to ensuring adquate and quality forest resources for the state to meet its present and future needs, operates its regional firefighting operation at Raleigh Exec. 919.857.4801
Wings of Carolina Flying Club, one of the nation’s oldest and most respected flying clubs, offers aeronautical training, low-cost aviation education, social opportunities and inexpensive hourly aircraft rental for members. 919.776.2003