Raleigh has been named one of eight “emerging tech hubs you should pay attention to” by the international money transfer service TransferWise – and it’s the only U.S. city on the list.
Affordable housing, short commutes and being a good place for young families are cited as reasons tech companies and university graduates are flocking to the Triangle.
“The region … is anchored by cutting-edge research institutions from surrounding universities, growing high-tech companies like Bandwith and Yealink as well as Fortune 100 companies IBM, Cisco … and many more,” according to the TransferWise blog post.
The eight global cities named are as follows:
1. Eindhoven, Netherlands
2. Pune, India
3. Nicosia, Cyprus
4. Dublin, Ireland,
6. Hong Kong
7. Malmo, Sweden
8. Tel Aviv, Israel