I don't usually blog about specific company news, but Durham based Cree is expanding and building a production facility here in the RTP.
I'm a big fan of Cree products. We recently remodeled our kitchen and installed Cree LED can lights as the primary lighting. The LED cans look like very pleasant incandescent light, yet they use virtually no power, generate virtually no heat and last pretty much forever. Sure, they are more expensive that traditional lights, but worth it. Plus, it's always nice to buy local!
Side note: Cree was founded by a team of scientists from NCSU.