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The Triangle is in the early stages of an economic supercycle similar to those of Seattle, Austin, San Francisco and Boston.  Economic supercycles tend to develop in regions with clusters of higher education because they attract businesses and entrepreneurs hungry for the technology, research and talent they produce, which in turn leads to an influx of capital investment and accelerating population growth.  In the early stages, communities in these regions benefit from supercycles because they expand employment opportunities, raise property values, and increase tax revenue.  As they intensify, however, economic supercycles strain local budgets, distort housing markets and exacerbate income inequality. When communities react too slowly as these economic supercycles evolve, they can reach a tipping point and effectively become enclaves of the wealthy at the expense of nearly everyone else.

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