For the second year in a row, the Silicon Valley Leadership Group (SVLG) has ranked the Research Triangle as the country's top region for technology companies.
According to the News & Observer's report, the Triangle scored well in its vibrant job market, affordable housing and manageable traffic.
Seattle ranked second, and Denver came in third. SVLG ranked its home region of Silicon Valley last for the second year in a row.
Silicon Valley ranked particularly low because of its expensive housing market. Studies show that less than 15 percent of Silicon Valley homes are within the price range of individuals earning the median income. Only New York and San Diego fared worse, according to a National Association of Home Builders survey included in the SVLG study.
By contrast, 65.8 percent of homes in the Research Triangle were considered within the reach of those earning the median income.
Despite the Triangle's strong showing, the region shouldn't rest on its laurels. CED surveys show that access to capital and availability of qualified techniical/non-technical management remain top concerns for area entrepreneurs.