News Summary
BuildOps, a software company from Southern California, has opened a new office in downtown Raleigh, North Carolina, aiming to create 291 high-paying jobs by 2029. The expansion is supported by an incentive package from the North Carolina Economic Investment Committee, which is expected to inject over $30 million into the local economy annually. The company’s new location in the historic Creamery building reflects its commitment to enhancing the vibrant downtown area while addressing labor shortages in the commercial contractor sector.
Raleigh, North Carolina – BuildOps Expands with New Downtown Office and Job Creation Plans
BuildOps, a software company based in Southern California, has officially opened a new office in downtown Raleigh’s Glenwood South neighborhood, signaling a significant move to bolster its presence in the southeastern United States. This expansion aims to create 291 high-paying jobs by 2029, with the company committing to an average annual salary of at least $111,000 for new employees.
Details of the Expansion and Business Focus
Founded in 2018, BuildOps specializes in developing software solutions tailored for commercial contractors. Its platform streamlines key business operations such as managing payments, scheduling, and project orders, helping contractors increase operational efficiency and address labor shortages. The recent Raleigh office marks the company’s third location, joining existing offices in Los Angeles and Toronto.
The North Carolina Economic Investment Committee approved an incentive package to support BuildOps’ expansion, allowing the company to hire 291 employees over the next several years. The state’s support includes a performance-based incentive package valued at up to $87,300, along with a Job Development Investment Grant (JDIG) that could reimburse BuildOps up to $1.8 million over 12 years, contingent on fulfilling job creation benchmarks.
Local Investment and Economic Impact
BuildOps’ current workforce in Raleigh has reached approximately 100 employees. The company’s new space is located in the historic two-story Creamery building, which is slated for redevelopment into Highline Glenwood, Raleigh’s tallest skyscraper. The company’s choice of downtown Raleigh was driven by the neighborhood’s vibrancy and accessibility, factors that employees prioritized for their work environment.
The establishment is expected to inject over $30 million annually into the local economy through payroll, and the broader project is projected to generate approximately $701.7 million for North Carolina’s economy over the next 12 years, according to state officials.
Impact on Downtown Raleigh and Regional Development
The expansion is seen as a strategic effort to rejuvenate Raleigh’s downtown office market, which has experienced high vacancy rates following the COVID-19 pandemic. The office previously housed PrecisionHawk, a drone technology firm that went bankrupt in late 2023, leaving space vacant. BuildOps’ presence offers a boost to the local office market and contributes to ongoing efforts to revitalize the area.
Employees have expressed a preference for working in the downtown core, noting the neighborhood’s nightlife and vibrant environment as attractive features. The company aims to support a 9-to-5 workforce to help develop and sustain the vibrancy of downtown Raleigh.
Strategic Factors and Support from State Officials
BuildOps considered multiple locations for its expansion, ultimately selecting Raleigh due to its strong talent pool and favorable cost of living. The estimated average salary for new hires is approximately 45% above Wake County’s average wage. Local economic development officials have characterized the expansion as a positive step for the community’s economic recovery and job creation efforts.
Governor Josh Stein highlighted North Carolina’s education and workforce training programs as key factors in attracting BuildOps to the state. The company’s move aligns with broader regional efforts to stimulate economic growth and employment opportunities in Wake County, classified as a Tier 3 county.
Conclusion
The opening of BuildOps’ new downtown Raleigh office marks a significant step toward both expanding the company’s footprint in North Carolina and revitalizing the local office market amidst ongoing recovery efforts. With plans to create nearly 300 well-paying jobs, the company’s expansion is expected to have a lasting economic impact on the region over the coming years.
Frequently Asked Questions
- Where is BuildOps opening a new office? BuildOps has opened a new office in downtown Raleigh’s Glenwood South neighborhood.
- How many jobs does BuildOps plan to create in Raleigh? BuildOps plans to create 291 high-paying jobs by 2029.
- What is the average salary for new hires? The company commits to an average annual salary of at least $111,000 for new employees.
- How much economic impact is projected? This project will potentially generate $701.7 million for North Carolina’s economy over 12 years.
- What incentives does BuildOps receive? The North Carolina Economic Investment Committee approved an incentive package, including up to $87,300 and a JDIG reimbursement of up to $1.8 million over 12 years.
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Deeper Dive: News & Info About This Topic
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Additional Resources
- News & Observer
- Wikipedia: BuildOps
- MSN Money
- Google Search: BuildOps
- ABC11
- Encyclopedia Britannica: BuildOps
Author: STAFF HERE RALEIGH WRITER
RALEIGH STAFF WRITER The RALEIGH STAFF WRITER represents the experienced team at HERERaleigh.com, your go-to source for actionable local news and information in Raleigh, Wake County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the North Carolina State Fair, Raleigh Arts Festival, and the Hopscotch Music Festival. Our coverage extends to key organizations like the Greater Raleigh Chamber of Commerce and Visit Raleigh, plus leading businesses in technology and education that power the local economy such as Red Hat and NC State University. As part of the broader HERE network, including HEREAsheville.com, HERECharlotte.com, HEREGreensboro.com, and HEREOBX.com, we provide comprehensive, credible insights into North Carolina's dynamic landscape.
