Venture X Durham-Frontier RTP, located in North Carolina’s Research Triangle Park (RTP) offers emerging businesses, as well as well-established businesses, a place to grow that reflects the collaborative community in the RTP area. From its beginnings in 1959, Research Triangle Park has attracted large tech companies such as IBM and Burroughs Wellcome. Tapping into the area’s three top-tier universities, that include Duke University, University of North Carolina – Chapel Hill, and North Carolina State University,
Today, with over 55,000 employees and 300 companies in tech and science fields, the list of employers in the RTP area consists of household names such as software giant SAS, Pfizer, BASF, Lenovo, and of course, GlaxoSmithKline. In late 2021, as we get back to some semblance of normal post-COVID, the RTP area is booming again. In April 2021, to totally douse any doubts about the relevancy of the Triangle as a tech hub, Apple announced plans to build its first East Coast campus in RTP.
Apple Announces First East Coast Campus Plan - $1 billion RTP campus
According to an Engineering News-Record article, Apple’s new North Carolina campus, “expected to employ 3,000 workers, could include similar features as the company's Austin, Texas, campus, currently under construction.” Located in the Research Triangle, the article reported that Apple’s one-billion-dollar development “promises to begin creating thousands of new jobs in machine learning, artificial intelligence, software engineering and other fields.” In terms of boosting the Raleigh-Durham-Chapel Hill economies, Apple also announced that “it will establish a $100-million fund to support schools and community initiatives in the greater Raleigh-Durham area and across the state.” The tech giant also noted that it “plans to contribute more than $110 million in infrastructure spending to North Carolina counties with the greatest need.”
Quality of Life
The RTP and the entire Triangle area boast many accolades, including one of the happiest places to live and work. Raleigh, North Carolina’s capital, has been ranked among the top places to live more than once, citing its diverse culture, arts, and entertainment venues, educational standing, and affordability. With so many top-notch higher education institutions in the Triangle area, with over 50% of the population holding at least a Bachelor’s degree, and a pronounced collaborative environment between the academic, government, and private business sectors, more businesses are driven to start or move to the RTP area.
Venture X’s role in the Triangle
With so many new developments and additions to the RTP area economy, Venture X Durham – Frontier RTP is set to support these new changes, offering turnkey office opportunities, with flexible monthly contracts that are ideal for starting a company and/or growing a company to its next level successfully, eliminating the business-stalling nightmare of opening your own commercial office space. With no lease or office management responsibilities to worry about, you can focus on your core business values, in the comfort and luxury of an upscale office space located right in RTP. Working at the Frontier in RTP, Venture X member, Brandon Stevens, the Founder and CEO of Scoutr – an advanced talent matching platform that empowers job seekers and companies alike, recently chose Venture X Durham – Frontier RTP as its new home. Stevens had this to say about his experience so far.
"Our team has thoroughly enjoyed the Venture X - RTP space and the management team here! Since we began our membership, their attention to detail and support for member companies has been second to none. It's a community feel where the Venture X team is an extension of the Scoutr team! The parking here at Venture X is a major improvement over working in downtown Raleigh or Durham. There's plenty of space for our team and visitor parking, and we save a considerable amount of time each month due to this."
Tyler Evans, owner of 4 Venture X Carolinas locations (Durham – RTP, NC; Charlotte, NC; Charleston, SC; Greenville, SC), emphasizes that with the success of Venture X Durham – Frontier RTP, they have a development plan for an additional 9 locations across Carolinas in the coming years. If you want to get in now, schedule a tour of Venture X Durham – Frontier RTP today!
Venture X – the now of future workspaces.
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