Leveraging its position as home to North Carolina State University and the Research Triangle, Raleigh is known as the "City of Innovation". Raleigh’s thriving technology and life sciences sector is powered by research and talent from local universities. Major companies headquartered in Raleigh include Red Hat, PNC Financial Services, and Bandwidth. The city offers an affordable cost of living, highly-educated workforce, and quality lifestyle amenities that attract businesses across industries. Raleigh also provides strategic access to major transportation infrastructure and markets across the East Coast. Compared to other North Carolina cities, Raleigh boasts a younger, highly-skilled population and serves as an anchor for high-value industries concentrated in the Research Triangle region. With its concentration of tech talent and research assets, Raleigh has established itself as an attractive hub for advanced industries and corporate headquarters within the state.