Who is Wolfspeed?
Per www.wolfspeed.com: Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and gallium nitride (GaN) technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation.
Jobs Wolfspeed will create
Over the next eight years, Wolfspeed intends to continue to invest, looking to create roughly 1,800 jobs. The first phase of construction is scheduled to be completed in 2024 and will cost approximately $1.3 billion. State and local funding, including a Job Development Investment Grant from the North Carolina Department of Commerce, will support the development of the first phase and represents an approximately $1.0 billion incentive package from the State, County and local governments. Also, the company hopes to obtain federal funding from the CHIPS and Science Act to accelerate the construction and build-out of the facility.
Meanwhile in real estate:
Favorite Suburbs of Raleigh
These favorite suburbs of Raleigh, North Carolina have been noted as some of the best towns in our great nation. Smaller suburban towns are seriously booming, with commitments to recreation, business, and community. If you're thinking about making a move, you should most definitely consider choosing one of these awesome suburbs!
Cary, NC
Population: 166,268
Cary, North Carolina, a beautifully scenic community just west of Raleigh. This town is full of single-family homes, wonderful schools, shopping, and some of the best healthcare providers in the state. Cary is a fantastic choice for those who want to stay close to Raleigh. It has all of your favorite grocery stores as well as one a very quaint downtown area.
According to Realtor.com: Cary, NC Housing Market
In August 2022, the median listing home price in Cary, NC was $599.3K, trending up 19.9% year-over-year. The median listing home price per square foot was $253. The median home sold price was $583.5K.
Apex, NC
Population: 51,370
Apex is one of Raleigh's fastest-growing suburb with a 28% growth rate over two decades. It's a wonderful town for families because of its access to Raleigh, Durham, and I-540. Apex loves a community festival or cultural event, so be prepared to get to know your neighbor in this lovely small town.
According to Realtor.com: Apex, NC Housing Market
In August 2022, the median listing home price in Apex, NC was $585K, trending up 14.7% year-over-year. The median listing home price per square foot was $236. The median home sold price was $571.5K.
Morrisville, NC
Population: 26,280
Morrisville is a beautiful town to settle down in, especially if you work nearby. It's located near the world-famous Research Triangle Park of central NC. Morrisville's growth has grown 31% since 2009, and keeps growing, with excellent places to dine, nature trails and parks, plus exciting community events.
According to Realtor.com: Home values in Morrisville, NC
In August 2022, the median listing home price in Morrisville, NC was $565.9K, trending up 31.5% year-over-year. The median listing home price per square foot was $250. The median home sold price was $500K.
Garner, NC
Population: 29,462
Garner is an up and coming community with loads of real estate market potential. Garner is closest to Raleigh with a more modest median property price and one of the most friendly communities in the Triangle.
According to Realtor.com: Garner, NC Housing Market
In August 2022, the median listing home price in Garner, NC was $443.5K, trending up 26.8% year-over-year. The median listing home price per square foot was $196. The median home sold price was $430K.
Holly Springs, NC
Population: 34,874
Holly Springs is rich in culture, diversity, and things to do. This is one of the best suburbs for families and singles alike. The biggest pull is the robust parks and recreation department. You're close to everything in Holly Springs, including just 15 minutes outside of Raleigh.
According to Realtor.com: Holly Springs, NC Housing Market
In August 2022, the median listing home price in Holly Springs, NC was $630.8K, trending up 22.6% year-over-year. The median listing home price per square foot was $226. The median home sold price was $575K.
Sources:
https://www.wolfspeed.com/company/news-events/news/wolfspeed-selects-north-carolina-for-worlds-largest-silicon-carbide-materials-facility/
https://www.revisn.com/blog/top-5-suburbs-of-raleigh/
