Economic Development

Raleigh benefits from being a business-friendly city. A balance of low taxes, stable government, a AAA bond rating and great amenities are essential to attracting good people, great companies and 21st century jobs. Nancy’s experience as Mayor, City Councilor and small business owner make her the best leader to continue growing Raleigh’s economy. Raleigh continues to make the the top-ten lists including 2015 Forbes Best Places for Business and Careers.

Despite a national recession, Raleigh has become one of the the fastest-growing cities in the nation. Mayor McFarlane understands that diligence in spending taxpayer resources is crucial and we must remain judicious in utilizing the city’s financing authority.

As a City Councilor, Nancy established a Small Business Office within City Government with unanimous support from fellow council members. The office serves as a single point of contact where existing businesses and entrepreneurs can go to learn all they need to do to start a business, find mentorship, coordinate inspections, and streamline the permitting process necessary to open and expand small business in Raleigh. The community has many great resources to help businesses succeed, and the Small Business Office brings those resources together for easy access.

Another challenge of a highly successful city is affordable housing. As a city, we can and must do more to ensure adequate housing for our workers. Those who serve the city should be able to live in the city. Currently, the Council is updating its Affordable Housing Improvement Plan , and we will look for opportunities to upgrade our affordable housing stock, especially in conjunction with transit.