Officials: More competition will make RTP 'stronger' - WRBL

Officials: More competition will make RTP 'stronger'

Posted: Updated:
Courtesy of the Research Triangle Foundation Courtesy of the Research Triangle Foundation
A map showing the master plan of Chatham Park. A map showing the master plan of Chatham Park.
DURHAM, N.C. -

"Collabortition" was the word of the day at Thursday's annual State of the Research Triangle Region presentation.

"The whole event today was talking about collaboration and competition," Research Triangle Partnership President Charles Hayes explained. "We merged those two words to form a new word: Collabortition."

"Collabortition" is derived from the premise that working together but still competing will spark growth.

Along with the current Research Triangle Park, the Research Triangle Partnership oversees a region of 13 counties in a 60-mile radius of RDU that Hayes describes as "one of the premiere, most exciting, best regions on planet Earth."

One of the newest entries into the Partnership is Chatham Park, a 7,000-acre live-where-you-work technology park in Pittsboro that developers hope will attract thousands of people to that part of Chatham County.

That Chatham County development would be just one more reason for new businesses to come to North Carolina.

With Chatham Park, Hayes says he hopes the live-where-you-work community brings competition "because we think that makes everybody stronger."

"I think it would bring good jobs. That gives a higher tax base to grow things and a better disposable income to support small business in downtown," resident Nick Beaulieu said.

During Thursday's presentation, Hayes also pointed to the positive job growth experienced in the region in a post-recession economy. The area has experienced a drop in unemployment from 8.1 percent in 2012 to 1.5 percent by the end of March of this year.

"We still gained 62,000 net new jobs in this region," Hayes said.

Hayes says Wake County is expected to add 400,000 people over the next 20 years. That's a 47 percent increase.

Census numbers show the Research Triangle Region has a population of 2.1 million people.

RELATED STORIES

Melanie Sanders

Melanie anchors the 6 PM news. Her "What's Next" series features an engaging approach to storytelling and highlights the leaders in innovation who are shaping our future. Check it out HERE! More>>

  • Trending StoriesTrending StoriesMore>>

  • Woman impales herself on cemetery fence; says she was running from attacker

    Woman impales herself on cemetery fence; says she was running from attacker

    Wednesday, July 23 2014 2:53 PM EDT2014-07-23 18:53:18 GMT
    A woman claims she was running from an attacker and tried to jump a five foot fence when she became impaled. Firefighters had to use power saws and a grinding saw to cut her free, all while she was conscious. After 30 minutes she was transported to an area hospital for surgery to remove the spike sticking out of her thigh. It happened at Vine Cemetery in Hazleton. She said the nearest gate was locked. Witnesses backed...
    A woman claims she was running from an attacker and tried to jump a five foot fence when she became impaled. Firefighters had to use power saws and a grinding saw to cut her free, all while she was conscious. After 30 minutes she was transported to an area hospital for surgery to remove the spike sticking out of her thigh. It happened at Vine Cemetery in Hazleton. She said the nearest gate was locked. Witnesses backed...
  • 2 charged with first-degree murder in beating death of UNC professor, cancer researcher

    2 charged with first-degree murder in beating death of UNC professor, cancer researcher

    Friday, July 25 2014 9:00 AM EDT2014-07-25 13:00:14 GMT
    A UNC research professor was robbed and beaten to death Wednesday afternoon on University Drive in Chapel Hill, police said.
    A UNC research professor was robbed and beaten to death Wednesday afternoon on University Drive in Chapel Hill, police said.
  • Largest companies by revenue in each state

    Largest companies by revenue in each state

    Thursday, July 10 2014 8:01 PM EDT2014-07-11 00:01:10 GMT
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.