When complete, the luxury apartment tower SkyHouse Raleigh will have 320 residential units with 5,533 sq. ft. of retail space and will top out at 23 stories.

Raleigh is a 21st century city of innovation focusing on environmental, cultural and economic stability. In recent years, the Raleigh City Council has worked hard to implement changes that will promote economic development. In 2012, the city hired its first ever Innovation and Entrepreneurship Manager, Derrick Minor. Economic Development Manager James Sauls came onboard in 2013 to provide leadership and direction for a comprehensive approach to economic development in Raleigh. During a retreat in January 2014, the Raleigh City Council took the first steps in a strategic planning process by identifying several strategic focus areas, including transportation and transit, and economic development and innovation.

The city is re-organizing its departments to align with these focus areas under three Assistant City Managers, one of which will be responsible for all departments focused on the economic prosperity of the city. This new group will include Planning & Development, the Office of Economic Development, and the Convention and Performing Arts Department. The city is also bringing the Small, Disadvantaged Minority and Women Owned Business Program under the Office of Economic Development as a part of the Business Assistance Program to support business owners locating or expanding in Raleigh, including startups and growth stage companies.

The City Council is dedicated to working with our universities, colleges, citizens and regional partners to promote emerging technologies, create new job opportunities, and cultivate local businesses and entrepreneurs.

The 2015 Fiscal Year Budget approved by the Raleigh City Council on June 9 included several investments that will support Raleigh’s continued economic growth and development. One such change was providing funding to help support startup businesses locating in the Capital City. The program will focus on developing a partnership between the city and private organizations to support the businesses the city is actively seeking to grow, retain, and recruit.  Businesses focused on technology, social and civic innovation, life sciences, fashion, agriculture, product design, and consumer goods are driving Raleigh’s current success. Raleigh’s leaders want to foster companies utilizing new and unique technology applications and encourage invention and prototyping that will build an even more successful future. This support program, which is still in the planning stage, may assist entrepreneurs in one or more of the following ways: public/private matching grants, beta testing and prototyping program, startup challenge program, crowd funding or Kickstarter matching funds, and entrepreneurial exchanges with other cities.

Raleigh is a thriving community with a booming business scene. The City Council is dedicated to working with our universities, colleges, citizens and regional partners to promote emerging technologies, create new job opportunities, and cultivate local businesses and entrepreneurs.  The city is working hard to keep that momentum going by continuing to support new business and invest in the future of Raleigh.