Upload
alexandro-farrand
View
215
Download
0
Tags:
Embed Size (px)
Citation preview
RESEARCH TRIANGLE PARK: ECONOMIC IMPACTS ON DURHAM, NC
Presented By: Jiawen Cheong
INTRODUCTION TO RTP
HISTORY OF RTP
1950’s: NC had one of the lowest per capita incomes in the US
Economy dominated by low-wage manufacturing and agricultural industries
Severe brain drain despite presence of Universities
HISTORY OF RTP (CONT.)
1959: RTP was founded by Government, Business and Academic Leaders
Vision: To transform region’s economy, improve per capita income, and integrate regional community
INITIAL DOUBTS
Could Research and Business Parks be planned?
Negative image of the South
Manufacturing Centers in Northeast and Midwest
RTP STRATEGY
Park fully funded and run by private sector With strong support from government
University cooperation seen as “essential for park idea to succeed”
Aggressive recruitment of large corporations
RTP GROWTH
RTP TODAY
ECONOMIC IMPACT Transformation of Region’s Economy
National Percentage Share of Technology Employment
ECONOMIC IMPACT (CONT.)
Per Capita Income Growth
ECONOMIC IMPACT (CONT.)
Urban Revival and Transformation
Infrastructure Development
13 million sq.ft built space in technology and business parks
15,000 acres of office and retail space
>41,000 housing units
SUCCESS! BUT…
Strong correlation between development of RTP and economic growth in Durham Causality?
Organic vs. Planned Growth
Big Picture trends
Need to compare to other University regions
CONCLUSION
RTP has fulfilled the original vision of its founders
Important driver of growth
More research needed to
THANK YOU!
REFERENCES Research Triangle Foundation, www.RTP.org
Link, Albert N. A Generosity of Spirit: The Early History of the Research Triangle Park. Rep. Research Triangle Foundation of North Carolina, 1995. Print.
Link, Albert N., and John T. Scott. "The Growth of Research Triangle Park." Small Business Economics 20.167-175 (2003). Web.
Research Triangle Park: Evolution and Renaissance. Rep. Research Triangle Foundation of North Carolina, June 2006. Web.
US Census Bureau. Web. <http://www.census.gov/>.