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Raleigh's industrial base is made up of financial services, electronics, medical, electronic, and telecommunications equipment as well as clothing and apparel, food processing, and paper products. Raleigh is located in North Carolina's Research Triangle. This research park is one of the largest and most successful in the United States. It is also a major hub for high-tech, biotech, and advanced textile development research. It is both a major eastern North Carolina retail shipping point and a wholesale distribution point for the grocery sector.
In recent years, the healthcare and pharmaceutical industries have seen significant growth with many companies based here, including PRA Health Sciences and Chiesi USA, formerly Mallinckrodt before tax evasion with Ireland. MAKO Surgical Corp. and Metabolon. TearScience and American Board of Anesthesiology.