Overview
Central Carolina Progress (CCP) has long been a driving force behind Wake County’s economic development. Through its Wake Technology Initiative (Wake Tech), CCP is investing heavily in the county’s technology infrastructure and ecosystem, empowering businesses and residents alike to thrive in the digital age.
Wake Tech aims to address several key challenges faced by the county:
- Digital Divide: Significant disparities exist in access to high-speed internet and technology resources within Wake County.
- Talent Shortage: The growing technology industry faces a shortage of skilled workers.
- Innovation Gap: Wake County lags behind peer counties in technology innovation and commercialization.
Key Initiatives
CCP’s Wake Tech initiative encompasses a wide range of programs and investments, including:
- Broadband Expansion: CCP is partnering with local governments and service providers to expand broadband access to underserved areas of Wake County.
- Digital Literacy: CCP supports programs aimed at increasing digital literacy and skills among Wake County residents.
- Cybersecurity Workforce Development: CCP is developing and implementing training programs to address the shortage of cybersecurity professionals.
- Technology Incubator: The American Underground at Durham Station, an innovation hub established in partnership with CCP, provides resources and support to technology startups.
- Innovation Cluster Funding: CCP offers grants and loans to businesses and institutions working on innovative technology solutions.
Impact and Outcomes
According to a 2022 report by the Wake County Economic Development Alliance, Wake Tech has had a significant impact on the county’s technology sector:
- Job Creation: Wake Tech has supported the creation of over 10,000 technology jobs since its inception.
- Business Growth: The number of technology businesses in Wake County has increased by 20% since 2016.
- Investment Attraction: Wake County has seen a surge in venture capital investment in technology startups.
Future Directions
CCP plans to continue investing in Wake Tech in the coming years. Key priorities include:
- Next-Generation Broadband: CCP will work to expand access to gigabit-speed internet throughout Wake County.
- Artificial Intelligence (AI): CCP will support research and development of AI solutions to address workforce challenges and enhance economic growth.
- Cybersecurity Resilience: CCP will invest in cybersecurity programs and initiatives to protect the county’s technology infrastructure and businesses.
Opportunities for Innovation
Intelligent Infrastructure: WakeTech could foster the development of smart city initiatives, using technology to optimize infrastructure, improve public services, and enhance sustainability.
Digital Health: The county’s growing healthcare industry presents opportunities for technology innovation in areas such as remote patient monitoring, telemedicine, and data analytics.
Advanced Manufacturing: CCP could support the adoption of new technologies in manufacturing, such as robotics, automation, and 3D printing, to enhance productivity and competitiveness.
Tables
Table 1: CCP Wake Tech Investment Figures
| Program | Investment |
|---|---|
| Broadband Expansion | $25 million |
| Digital Literacy | $10 million |
| Cybersecurity Workforce Development | $15 million |
| Technology Incubator | $20 million |
| Innovation Cluster Funding | $40 million |
Table 2: Impact of Wake Tech on Wake County
| Metric | Value |
|---|---|
| Jobs Created | 10,000+ |
| Business Growth | 20% |
| Venture Capital Investment | $1 billion |
Table 3: Projected Key Performance Indicators (KPIs)
| KPI | Target |
|---|---|
| Gigabit Broadband Access | 90% of homes and businesses |
| AI Research and Development | $100 million in annual funding |
| Cybersecurity Readiness | 100% of businesses with cybersecurity plans |
Table 4: Pain Points and Motivations for Wake Tech
| Pain Point | Motivation |
|---|---|
| Digital Divide | Equitable access to technology for all |
| Talent Shortage | Foster a skilled workforce for the technology industry |
| Innovation Gap | Position Wake County as a leader in technology innovation |