2011 state of the research triangle...

An in-depth look at the region’s economic health and competitive position

May 26, 2011 | www.researchtriangle.org

State of the Research Triangle Region

2011

Naming Sponsor:

! Advanced medical care! Agricultural biotechnology! Analytical instrumentation! Biological agents and infectious diseases! Clean/green technologies! Defense technologies

! Informatics! Interactive gaming and e-learning! Nanoscale technologies! Pervasive computing! Pharmaceuticals! Sustainability

Action Plan: 2009-2014

The Shape of Things to Come.

Cluster Targets: Life Sciences & Technology

Research Triangle Regional Partnership • P.O. Box 80756 • RDU Airport, NC 27623 USA • 919-840-7372 • [email protected]

Action Item Lead Start

STRATEGY 1: BUSINESS GROWTH Attract, grow and support targeted industry clusters in all 13 counties.

1 Develop and implement a marketing plan to attract new businesses in targeted clusters. RTRP 2009

2 Develop and implement an expanded brand recognition campaign that supports recruitment of targeted companies, entrepreneurs and talent.

RTRP 2009

3 Design methods and leverage institutional partners to support entrepreneurs, startups and existing businesses in targeted clusters and industries.

RTRP 2009

4 Develop community college and university partnerships to ensure curricular support for targeted clusters. RTRP 2010

5 Collaborate with the BRAC Regional Task Force to leverage military expansion at Fort Bragg to increase business investment and jobs in the region.

RTRP 2009

6 Promote Triangle North as a key strategy to extend regional prosperity into rural counties. RTRP 2009

7 Tightly align regional and county-level economic development strategies and provide services and programs for economic development partners, including support for key existing businesses, strategic planning, marketing and research assistance.

RTRP 2010

STRATEGY 2: PRODUCT DEVELOPMENT Preserve and enhance the region’s competitive business climate, infrastructure and quality of life.

8 Collaborate with key partners to improve and promote quality PreK-12 education. RTRP 2010

9 Implement Reality Check recommendations to ensure quality growth through three guiding principles: improved transit, vibrant town centers and preserved green space.

TT 2010

10 Develop federal and state legislative agendas to ensure public policy and investment support the region’s competitiveness plan. RTRP 2009

11 Promote transportation improvements that enhance mobility within the region. RTA 2009

12 Expand air service to destinations that are priorities for regional businesses. RDU 2009

STRATEGY 3: REGIONAL COLLABORATION Engage regional leaders and partner organizations in ensuring our economic competitiveness.

13 Develop a communications plan to promote engagement and support for The Shape of Things to Come plan. RTRP 2009

14 Convene business and institutional partners quarterly to report on progress and results of implementing The Shape of Things to Come and identify barriers and opportunities that should be addressed.

RTRP 2009

15 Host an annual State of the Research Triangle Region event to benchmark the economic health and competitive position of the region and update the community on progress and results of The Shape of Things to Come plan.

RTRP 2009

16 Host a CEO leadership training program to inform new regional leaders about issues and opportunities related to global competitiveness and encourage their engagement.

LT 2009

(LT) Leadership Triangle (RTRP) Research Triangle Regional Partnership (RTA) Regional Transportation Alliance (TT) Triangle Tomorrow (RDU) Raleigh-Durham Airport Authority


3

Research Triangle Region’s New Investments Top $1.5 Billion, 6,600 Jobs in 2010

Research Triangle Region companies announced $1.5 billion in capital investments and more than 6,600 jobs during 2010. Another $243 million in investments and 1,400 jobs were announced during the first quarter of 2011.

“Our diverse, innovation-based economy makes this region one of the most resilient in the world. Growing companies continue to respond by choosing our region to build their future,” Charles A. Hayes, president and CEO of the Research Triangle Regional Partnership (RTRP), reported at the 2011 State of the Research Triangle Region event on May 26. RTRP hosted the annual eco-nomic update forum with naming sponsor IBM.

Regional employment slid by 2,827 in 2010 as companies made their arduous climb to recovery following the 2009 global reces-sion. Three of the region’s 13 counties posted employment gains during the period: Lee (309 jobs), Moore (181) and Vance (138).

“The fact that our employment dipped only slightly this year com-bined with the many positive economic indicators we’ve seen in recent months, clearly demonstrates the strength of our region’s economy,” Hayes said.

The Research Triangle Region – home of The Research Triangle Park™ (RTP) and the 13 central N.C. counties of Chatham, Durham, Franklin, Granville, Harnett, Johnston, Lee, Moore, Orange, Person, Vance, Wake and Warren – was the only one of the state’s seven economic development regions to post a net employment gain (32,817) from 2005 to 2010.

Targeted Life Science and Technology Clusters Lead InvestmentsThe region’s new investments came from companies in a range of industries in both rural and urban areas. Most significant was the growth of companies in the region’s 12 targeted clusters – the handful of life science and technology clusters for which the region is a world leader, or has the potential to be, based on its capacity to innovate and commercialize discoveries. More than 85 percent of the $4.6 billion in capital investments and 70 percent of the 18,569 jobs announced between January 1, 2009 and March 31, 2011 came from companies in those clusters.

“These results affirm the cluster-based economic development approach we’ve taken since we first launched our regional eco-nomic development strategy in 2004,” Hayes said.

Recent announcements came from such sector leaders as:

! Red Hat, world leader in open source software solutions, which chose to remain in the region and expand its global headquarters in Wake County, adding 540 jobs and $109 million in investment, because of the talent the region offers.

! HTC Corp., leader in Smartphone design, opening an R&D office with 45 researchers in Durham County to conduct research on innovations in wireless technology.

! Coty, global beauty products giant, spending $12 million to expand its production lines in Lee County, creating 140 jobs.

A new emerging cluster, “Cleantech,” made great strides in 2010. This critical mass of researchers, 200-plus companies and support organizations focus on innovations in smart grid, advanced trans-portation and alternative energy.

Among the Cleantech investments:

! Cree, world leader in LED lighting, with a $392 million expan-sion, creating 330 new jobs to meet growing global demand for its energy-saving products.

The Research Triangle Regional Partnership serves the 13-county Research Triangle Region of central North Carolina, home of The Research Triangle Park.

serves the 13 county Research Triangle Regionserves the 13-county Research Triangle Region of central NorthCarolina, homeof The ResearchTriangle Park.

Person

Orange

Granville

Chatham

Wake

Moore

Lee

Harnett

Johnston

Franklin

WarrenVance

Durham

RDU International Airport

The ResearchTriangle

Park

4

State of the Research Triangle Region 2011

! Becton, Dickinson and Company, a leading medical device and products maker, building its $38 million East Coast distri-bution center in Johnston County, creating 187 jobs.

! Eaton, diversified industrial manufacturer, with a $23 million expansion of its Person County plant, creating 120 jobs to build energy-efficient engine components for automotive customers worldwide.

! Siemens Energy, global supplier of products and services for the generation, transmission and distribution of electric power, planning a $2.9 million expansion of its plant in Wendell, a rural community in Wake County, creating 139 jobs.

! Uniboard, which opened its $140 million expanded wood pan-eling plant in Chatham County, creating 104 jobs and the com-pany’s largest and most technologically advanced fiberboard plant in North America.

Strategic Initiatives Yield ResultsRTRP moved during the past year on key action steps in its five-year strategic plan, The Shape of Things to Come. The plan aims to create 100,000 jobs and boost employment in all 13 counties by July 2014 using a three-part strategy of business growth, product development and regional collaboration.

RTRP implements the plan with partners from its 13 member counties, RTP, the N.C. Department of Commerce and dozens of business, government, academic and nonprofit organizations.

Cleantech cluster launched. RTRP launched a regional cluster network and joined the International Cleantech Network, the elite corps of cluster managers working to propel the sector’s growth worldwide. The region boasts N.C. State University's FREEDM Systems Center, which is transforming the nation’s electric power grid into a smart grid to store and distribute renewable energy. The Biofuels Center of North Carolina, located in Granville County, is helping the state achieve its alternative energy goals. Warren County recently announced plans to develop a greentech campus, the first agricultural biotechnology park in the nation powered completely by alternative energy sources.

Sustainability cluster launched. RTRP created a new sustain-ability cluster from the work of Triangle Tomorrow and Reality Check. The cluster includes researchers, companies and organi-zations focused on keeping the region green, clean and sustain-able. A January summit explored ways that open space plan-ning can promote quality growth and economic development.

Entrepreneurship networks expanded. Several new initiatives are helping regional entrepreneurs launch and grow startups. Durham opened American Tobacco Underground, an incuba-tor for technology startups, and launched Bull City Startup

Stampede, an initiative to attract and scale more startups downtown. Chatham, Lee and Harnett counties teamed to form TriSouth Entrepreneur Network with grant funding from the N.C. Rural Economic Development Center. It provides a Web portal and networking events for entrepreneurs and small busi-ness owners. Orange County, in collaboration with Alamance, Chatham and Durham counties, is preparing to open the Piedmont Food & Agricultural Processing Center (PFAP) in June. The business incubator for food entrepreneurs and farmers will focus on adding value to local farm products and creating new local food businesses.

Career and Technical Education linked to job growth. RTRP worked with Career and Technical Education partners across the state to map and align curricula with job skills that match the expected jobs of the future. They educated teachers on the tar-geted clusters growing in each region and worked with them to develop core competencies to prepare students.

RDU opens state-of-the-art terminal. The region’s international airport completed its newest passenger facility, Terminal 2. The first phase of the terminal opened in October 2008. The second phase welcomed Continental Airlines and US Airways from Terminal 1. The new terminal features more than 40 restaurants and shops, a meet-and-greet area and seven art installations. Plans for renovating Terminal 1 are under way.

Rural development advanced. Triangle North, the network of business parks created by county governments in four northern-tier counties (Franklin, Granville, Vance and Warren) landed its first ten-ant. U.S. Growers Direct, a commodities marketing and distribution company, is building a $3.75 million global distribution center at Triangle North Franklin, creating 10-15 full-time jobs and 40 seasonal ones. Developers in the southern tier (Harnett, Lee and Moore counties) sponsored the North Carolina reception at the Association of the U.S. Army defense trade show in Washington, D.C., part of their work to grow the region’s defense technology cluster in partnership with Fort Bragg Regional Alliance (formerly Base Realignment and Closure Regional Task Force).

Redesigned Web site launched. RTRP’s new Web site (www.researchtriangle.org) supports the region’s brand, offers key data and information for businesses to make location decisions, and provides an online marketing resource for partners.

“Companies and site selection consultants often narrow their short list of potential locations using online data before anyone even knows they are looking for a site,” Hayes said. “Our new Web site is designed intentionally to help visitors see quickly and clearly why this region is one of the best places in the world for innovative companies to locate and grow.”


5

#1 Healthiest Housing Markets – April 13, 2011

6



7

#2 America's Biggest Brain Magnets – February 17, 2011

8


#4 Metro in Job Growth Over 10 Years – February 20, 2011


9

10



11

#1 Best Value in Public Colleges

– January 4, 2011

12


#4 Emerging Biotechnology Hub – August 2, 2010


13

14


Angier Area Chamber of Commerce Apex Chamber of Commerce Benson Chamber of Commerce Campbell University Capital Area Workforce Development Consortium Cary Chamber of Commerce Century Link Chapel Hill/Carrboro Chamber of Commerce Chapel Hill/Orange County Visitors Bureau Chatham Chamber of Commerce Chatham County Economic Development Corporation City of Creedmoor City of Durham City of Raleigh Coats Chamber of Commerce Council for Entrepreneurial Development Downtown Raleigh Alliance Downtown Smithfield Development Corporation Dunn Area Chamber of Commerce Dunn Area Tourism Authority Durham Convention and Visitors Bureau Durham County Government Durham Technical Community College Durham Workforce Development Board Erwin Chamber of Commerce Franklin County Economic Development Commission Fuquay-Varina Area Chamber of Commerce Garner Chamber of Commerce Granville County Chamber of Commerce Granville County Economic Development Commission Greater Cleveland Chamber of Commerce Greater Durham Chamber of Commerce Greater Franklin County Chamber of Commerce Greater Raleigh Chamber of Commerce Greater Raleigh Convention and Visitors Bureau Greater Smithfield-Selma Area Chamber of Commerce Harnett County Economic Development Commission Henderson-Vance Chamber of Commerce Henderson-Vance County Economic Development Hillsborough/Orange County Chamber of Commerce Holly Springs Chamber of Commerce Institute for Emerging Issues International Affairs Council of North Carolina Johnston Community College Johnston County Convention and Visitors Bureau Johnston County Economic Development Kenly Area Chamber of Commerce Kerr-Tar Regional Council of Governments Kerr-Tar Regional Economic Development Corporation Kerr-Tar Workforce Development Board Knightdale Chamber of Commerce Lee County Economic Development Corporation Lillington Chamber of Commerce MCNC

Mid-Carolina Council of Governments Moore County Chamber of Commerce Moore County Convention & Visitors Bureau Moore County Partners in Progress Morrisville Chamber of Commerce N.C. Department of Commerce North Carolina Biosciences Organization North Carolina Biotechnology Center North Carolina Central University North Carolina Chamber of Commerce North Carolina China Center North Carolina Community College Systems North Carolina Employment Security Commission North Carolina Military Foundation North Carolina Rural Economic Development Center North Carolina State University North Carolina Technology Association Orange County Economic Development Commission Pee Dee Region Workforce Development Board Person County Economic Development Commission Person County Tourism Development Authority Pittsboro-Siler City Convention and Visitors Bureau Raleigh-Durham International Airport Authority Regional Partnership Workforce Development Board Regional Transportation Alliance Renaissance Computing Institute Research Triangle Foundation of North Carolina Roxboro Area Chamber of Commerce and Economic Development Center RTI International Sanford Area Chamber of Commerce Small Business & Technology Development Center The Research Triangle Park Town of Butner Town of Chapel Hill Town of Fuquay-Varina Town of Garner Town of Holly Springs Town of Knightdale Town of Oxford Town of Pittsboro Triangle J Council of Governments Triangle Regional Film Commission Triangle South Workforce Development Board U.S. Department of Commerce UNC Kenan Flagler Business School Vance County Tourism Department Wake County Economic Development Wake County Government Wake Technical Community College WakeMed Health and Hospitals Warren County Chamber of Commerce Warren County Economic Development Commission Zebulon Chamber of Commerce

Institutional Partners

These public, private and business support organizations voluntarily collaborate to implement the regional economic development strategy, The Shape of Things to Come.

Silver Sponsors 2011

Officers

Jeff Stocks, Chairman* Manpower

Jack O. Clayton, Chairman-elect* Wachovia, A Wells Fargo Company N.A.

Dr. William Atkinson, Immediate Past Chair* WakeMed Health & Hospitals

Ronnie Goswick, Secretary* Franklin County Economic Development Commission

Bob Heuts, Treasurer* Lee County Economic Development Corporation

Charles A. Hayes, President and CEO* Research Triangle Regional Partnership

James E. Holshouser Jr., Special Advisor to the Board Sanford Holshouser Economic Development Consulting LLC

Members *Executive Committee Member

Peggy Anderson, Johnston County Economic Development Commission John Atkins, O'Brien/Atkins Associates PA* Jim Beck, TrustAtlantic Bank Mary Ann Black, Duke University Health System John Brantley, RDU Airport Authority Jim Brown, RBC Bank (USA) Keith Burns Esq., Morris Manning & Martin LLP Al Cooper Jr., USfalcon Inc.* Mike Cross, Chatham County Board of Commissioners Barbara Currier, Person County Economic Development Commission John Daniel III, Daniel & Associates* Don Donadio, Womble Carlyle Sandridge & Rice PLLC Stanley Fox, Fox and Associates* Terry E. Garrison, Tegarris Associates Realty* John Geib, Duke Energy Andrea Harris, N.C. Institute of Minority Economic Development Fred Hobbs, Hobbs, Upchurch & Associates Donny Hunter, Hunter & Associates Barry Jacobs, Orange County Board of Commissioners Chris Johnson, Smithfield Downtown Development Corporation* Sandy Jordan, Cary Chamber of Commerce Gary Joyner, Kilpatrick Stockton LLP John Kane, Kane Realty Co. Donald Lancaster, Union Bank & Trust Co.* Tim Lea, Moore County Board of Commissioners John Messick II, Wachovia, A Wells Fargo Company Ray Ogden, Moore County Partners in Progress* Phyllis Owens, Harnett County Economic Development Commission Tony Pugliese, AICPA Dianne Reid, Chatham County Economic Development Commission Randy Reynolds, Piedmont Community College Liz Rooks, The Research Triangle Park*

Henry “Hank” Scherich, Measurement Incorporated Harvey Schmitt, Greater Raleigh Chamber of Commerce* Gary Shope, Orange County Economic Development Commission Casey Steinbacher, Greater Durham Regional Chamber of Commerce* Kari Stoltz, Bank of America Jim Stovall, Person County Economic Development Commission* Katherine Thomas, Progress Energy* N. Johnson Tilghman, Investor/developer* Jay Tilley, Granville County Office of Economic Development Ron Wainwright Jr., Cherry, Bekhaert & Holland LLP Marqueta Welton, Durham County Todd Wemyss, Glen Raven Mills Inc. Steve Wicker, Fidelity Bank David Williams, Wake Electric Membership Corporation Peter Wilson, Town of Wilson's Mills Pratt Winston, Winston International David Woodell, SunTrust

Research Triangle Regional Partnership Staff

Charles A. Hayes, President and CEO Lee Anne Nance, Senior Vice President, Strategic Initiatives Debbie Lilly, Vice President, Business Development Bo Carson, Vice President, Information Services Terry Naegelen, Vice President, Operations Pam Wall, Vice President, Product Development Elaine Loyack, Program Coordinator, Triangle Air Awareness

Promoting Economic Competitiveness for the Research Triangle Region, North Carolina

P.O. Box 80756RDU International Airport, NC 27623 USATelephone (919) 840-7372Fax (919) 840-0142E-mail [email protected]

Research Triangle Regional Partnership Board of Directors

Member of the North Carolina Partnership for EconomicDevelopment

Platinum Sponsors 2011

Gold Sponsors 2011

Naming Sponsor 2011

2011 state of the research triangle...

Documents