TRIANGLE NC

VOL16 ISS1 2016

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THE ORIGINAL RELOCATION GUIDE — TRIANGLE NC | VOLUmE 16 — IssUE 1 18 research triangle park Research Triangle Park by laurel hyatt Home to over 200 companies employing 60,000 workers and contractors; the 7,000 acre Research Triangle Park (RTP) is one of the largest research parks in the world. Created in 1959 by state and local governments, businesses, and universities, it is named for the three cities at the heart of the region: Durham, Raleigh and Chapel Hill. These anchor cities do not stand alone in making up perhaps the largest high-tech research and develop- ment center outside of California's Silicon Valley. Several unique smaller towns and cities peppered with global in- fuences create a region profering an extraordinary way of life. Each adds that distinctive quality that helps the area gain national attention and therefore always appear in Top Places to Live, Work and Attend College lists like those in Forbes and US News & World Report. With safety at the forefront of everyone's minds in this day and age, these towns pleasantly ofer security not found in many larger cities. In fact, SafeWise home security systems lists several of these surrounding towns as some of the safest places to live. Included in Safewise's Top 50 list were Apex, Cary, Holly Springs (#5), Knight- dale, Morrisville, Raleigh, Rolesville, and Wendell. The Park plays host to many international giants, including one of GlaxoSmithKline's largest R&D centers with approximately 5,000 employees. Cisco Systems' campus in RTP is the second highest concentration of its employees outside of its Silicon Valley corporate headquarters. RTP added over 30 new companies in the last couple of years alone. About half of the companies are located in 6 incubator/accelerator/startup locations with close to 40% of the total number of companies having operations in multiple countries around the globe. These industries invest $300 million in R&D at the region's universities each year. In addition to GlaxoSmithKline and Cisco, the roll call of trade giants is a Who's Who of the industry/business world: IBM, Fidelity Investments, RTI International, Lenovo, BASF, and United States EP — just to mention a few. RTP partner companies and organizations have won Nobel Prizes and the Pulitzer. They hold nearly 3,300 patents and have received around 2,000 trademarks including Astroturf, Taxol (breast cancer), AZT (AIDS treatment), and of course, the UPC codes that keep track of them all. The convenience of work, above average wage base, low cost of living and mild climate make the Research Tri- angle a work and play destination for thousands. Centrally located 10 miles from downtown Durham, RTP is also less than 15 miles from the center of Cha- pel Hill and UNC, and around 20 miles from the state capital of Raleigh. RDU International Airport can be accessed in no more than a 12 minute drive from almost anywhere in the Park. The Research Triangle Park continues to grow, ofcially opening the doors to its frst project at the Park Center development, a 100 acre mixed-use project near I-40 that will include residential and retail development. The frst project, called The Frontier (now open, though actually part of Phase II), is a convening place for members of the RTP, Triangle and North Carolina communities. Park Center will be the frst major redevelopment in RTP's his- tory and will bring together private industry, universities and all of the area in harmony with its surroundings at the heart of the Triangle. Funds for the project (as in the past) have been raised through both private and public partner- ships including Durham County, Durham-Wake Counties Research and Production Service District, and the Research Triangle Foundation of North Carolina. President and CEO of the Research Triangle Foundation of NC, Bob Geolas says, "Strong partnerships and a vision for our shared future are what made this historic achieve- ment possible… Our partners have shown they believe in our vision by joining us as we continue moving this proj- ect, and our state, forward." Additional support was given by a number of like-minded organizations including the Chamber of Commerce, Capitol Broadcasting Company, CED and North Carolina Central University. Phase I of Park Center will include retail and restaurants. Park Center will also include new public parks, a central mar- ketplace, multifamily residential and hotels. Construction on the east side of the Park alone is estimated to provide 2,300 jobs and will also generate $13.2M in sales and income taxes. Keep in mind this is just the construction taking place – it doesn't factor in the companies, retailers and hotels that will eventually stand on the site in the future. [] silicon valley east, expanding, global reach

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