2011 State of the Research Triangle Region
An in-depth look at the region’s economic health and competitive position
Naming Sponsor:
May 26, 2011 | www.researchtriangle.org The Shape of Things to Come.70
Cluster Targets: Life Sciences & Technology L Advanced medical care L Informatics L Agricultural biotechnology L Interactive gaming and e-learning L Analytical instrumentation L Nanoscale technologies L Biological agents and infectious diseases L Pervasive computing L Clean/green technologies L Pharmaceuticals L Defense technologies L Sustainability
Action Plan: 2009-2014
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, RTRP 2009 entrepreneurs and talent. 3 Design methods and leverage institutional partners to support entrepreneurs, startups and existing businesses in targeted RTRP 2009 clusters and industries. 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 RTRP 2009 and jobs in the region. 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 RTRP 2010 development partners, including support for key existing businesses, strategic planning, marketing and research assistance.
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, TT 2010 vibrant town centers and preserved green space.
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 RTRP 2009 to Come and identify barriers and opportunities that should be addressed.
15 Host an annual State of the Research Triangle Region event to benchmark the economic health and competitive position of RTRP 2009 the region and update the community on progress and results of The Shape of Things to Come plan. 16 Host a CEO leadership training program to inform new regional leaders about issues and opportunities related to global LT 2009 competitiveness and encourage their engagement.
(LT) Leadership Triangle (RTRP) Research Triangle Regional Partnership (RTA) Regional Transportation Alliance (TT) Triangle Tomorrow (RDU) Raleigh-Durham Airport Authority
Research Triangle Regional Partnership • P.O. Box 80756 • RDU Airport, NC 27623 USA • 919-840-7372 • [email protected] 3 Research Triangle Region’s The Research Triangle Regional Partnership serves the 13 13-county-county Research Research Triangle Region New Investments Top $1.5 Billion, ofof ccentralentral NNorthorth 6,600 Jobs in 2010 Carolina,Carolina, hohomeme ofof The Research Person Vance Warren Research Triangle Region companies announced $1.5 billion TriangleTriangle Park. Granville in capital investments and more than 6,600 jobs during 2010. Another $243 million in investments and 1,400 jobs were Franklin announced during the first quarter of 2011. Orange Durham
“Our diverse, innovation-based economy makes this region one RDU of the most resilient in the world. Growing companies continue International Airport to respond by choosing our region to build their future,” Charles The Research Triangle Wake A. Hayes, president and CEO of the Research Triangle Regional Park Chatham Partnership (RTRP), reported at the 2011 State of the Research
Triangle Region event on May 26. RTRP hosted the annual eco- Johnston nomic update forum with naming sponsor IBM. Lee Harnett Regional employment slid by 2,827 in 2010 as companies made Moore 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, Recent announcements came from such sector leaders as: Orange, Person, Vance, Wake and Warren – was the only one of L Red Hat, world leader in open source software solutions, the state’s seven economic development regions to post a net which chose to remain in the region and expand its global employment gain (32,817) from 2005 to 2010. headquarters in Wake County, adding 540 jobs and $109 million in investment, because of the talent the region offers. Targeted Life Science and Technology Clusters L HTC Corp., leader in Smartphone design, opening an R&D Lead Investments office with 45 researchers in Durham County to conduct research on innovations in wireless technology. The region’s new investments came from companies in a range L Coty, global beauty products giant, spending $12 million to of industries in both rural and urban areas. Most significant was expand its production lines in Lee County, creating 140 jobs. the growth of companies in the region’s 12 targeted clusters – the handful of life science and technology clusters for which the A new emerging cluster, “Cleantech,” made great strides in 2010. region is a world leader, or has the potential to be, based on its This critical mass of researchers, 200-plus companies and support capacity to innovate and commercialize discoveries. More than 85 organizations focus on innovations in smart grid, advanced trans- percent of the $4.6 billion in capital investments and 70 percent portation and alternative energy. of the 18,569 jobs announced between January 1, 2009 and March 31, 2011 came from companies in those clusters. Among the Cleantech investments:
“These results affirm the cluster-based economic development L Cree, world leader in LED lighting, with a $392 million expan- approach we’ve taken since we first launched our regional eco- sion, creating 330 new jobs to meet growing global demand for nomic development strategy in 2004,” Hayes said. its energy-saving products.
An in-depth look at the region’s economic health and competitive position 4
L Becton, Dickinson and Company, a leading medical device Stampede, an initiative to attract and scale more startups and products maker, building its $38 million East Coast distri- downtown. Chatham, Lee and Harnett counties teamed to form bution center in Johnston County, creating 187 jobs. TriSouth Entrepreneur Network with grant funding from the
L Eaton, diversified industrial manufacturer, with a $23 million N.C. Rural Economic Development Center. It provides a Web expansion of its Person County plant, creating 120 jobs to portal and networking events for entrepreneurs and small busi- build energy-efficient engine components for automotive ness owners. Orange County, in collaboration with Alamance, customers worldwide. Chatham and Durham counties, is preparing to open the Piedmont Food & Agricultural Processing Center (PFAP) in June. L Siemens Energy, global supplier of products and services for The business incubator for food entrepreneurs and farmers will the generation, transmission and distribution of electric power, focus on adding value to local farm products and creating new planning a $2.9 million expansion of its plant in Wendell, a local food businesses. rural community in Wake County, creating 139 jobs. Career and Technical Education linked to job growth. RTRP L Uniboard, which opened its $140 million expanded wood pan- worked with Career and Technical Education partners across the eling plant in Chatham County, creating 104 jobs and the com- state to map and align curricula with job skills that match the pany’s largest and most technologically advanced fiberboard expected jobs of the future. They educated teachers on the tar- plant in North America. geted clusters growing in each region and worked with them to develop core competencies to prepare students. Strategic Initiatives Yield Results RDU opens state-of-the-art terminal. The region’s international RTRP moved during the past year on key action steps in its five- airport completed its newest passenger facility, Terminal 2. The year strategic plan, The Shape of Things to Come. The plan aims first phase of the terminal opened in October 2008. The second to create 100,000 jobs and boost employment in all 13 counties by phase welcomed Continental Airlines and US Airways from July 2014 using a three-part strategy of business growth, product Terminal 1. The new terminal features more than 40 restaurants development and regional collaboration. and shops, a meet-and-greet area and seven art installations. RTRP implements the plan with partners from its 13 member Plans for renovating Terminal 1 are under way. counties, RTP, the N.C. Department of Commerce and dozens of Rural development advanced. Triangle North, the network of business, government, academic and nonprofit organizations. business parks created by county governments in four northern-tier Cleantech cluster launched. RTRP launched a regional cluster counties (Franklin, Granville, Vance and Warren) landed its first ten- network and joined the International Cleantech Network, the elite ant. U.S. Growers Direct, a commodities marketing and distribution corps of cluster managers working to propel the sector’s growth company, is building a $3.75 million global distribution center at worldwide. The region boasts N.C. State University's FREEDM Triangle North Franklin, creating 10-15 full-time jobs and 40 seasonal Systems Center, which is transforming the nation’s electric ones. Developers in the southern tier (Harnett, Lee and Moore power grid into a smart grid to store and distribute renewable counties) sponsored the North Carolina reception at the Association energy. The Biofuels Center of North Carolina, located in Granville of the U.S. Army defense trade show in Washington, D.C., part County, is helping the state achieve its alternative energy goals. of their work to grow the region’s defense technology cluster in Warren County recently announced plans to develop a greentech partnership with Fort Bragg Regional Alliance (formerly Base campus, the first agricultural biotechnology park in the nation Realignment and Closure Regional Task Force). powered completely by alternative energy sources. Redesigned Web site launched. RTRP’s new Web site (www. Sustainability cluster launched. RTRP created a new sustain- researchtriangle.org) supports the region’s brand, offers key data ability cluster from the work of Triangle Tomorrow and Reality and information for businesses to make location decisions, and Check. The cluster includes researchers, companies and organi- provides an online marketing resource for partners. zations focused on keeping the region green, clean and sustain- “Companies and site selection consultants often narrow their able. A January summit explored ways that open space plan- short list of potential locations using online data before anyone ning can promote quality growth and economic development. even knows they are looking for a site,” Hayes said. “Our new Entrepreneurship networks expanded. Several new initiatives Web site is designed intentionally to help visitors see quickly and are helping regional entrepreneurs launch and grow startups. clearly why this region is one of the best places in the world for Durham opened American Tobacco Underground, an incuba- innovative companies to locate and grow.” tor for technology startups, and launched Bull City Startup
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Angier Area Chamber of Commerce Mid-Carolina Council of Governments Apex Chamber of Commerce Moore County Chamber of Commerce Benson Chamber of Commerce Moore County Convention & Visitors Bureau Campbell University Moore County Partners in Progress Capital Area Workforce Development Consortium Morrisville Chamber of Commerce Cary Chamber of Commerce N.C. Department of Commerce Century Link North Carolina Biosciences Organization Chapel Hill/Carrboro Chamber of Commerce North Carolina Biotechnology Center Chapel Hill/Orange County Visitors Bureau North Carolina Central University Chatham Chamber of Commerce North Carolina Chamber of Commerce Chatham County Economic Development Corporation North Carolina China Center City of Creedmoor North Carolina Community College Systems City of Durham North Carolina Employment Security Commission City of Raleigh North Carolina Military Foundation Coats Chamber of Commerce North Carolina Rural Economic Development Center Council for Entrepreneurial Development North Carolina State University Downtown Raleigh Alliance North Carolina Technology Association Downtown Smithfield Development Corporation Orange County Economic Development Commission Dunn Area Chamber of Commerce Pee Dee Region Workforce Development Board Dunn Area Tourism Authority Person County Economic Development Commission Durham Convention and Visitors Bureau Person County Tourism Development Authority Durham County Government Pittsboro-Siler City Convention and Visitors Bureau Durham Technical Community College Raleigh-Durham International Airport Authority Durham Workforce Development Board Regional Partnership Workforce Development Board Erwin Chamber of Commerce Regional Transportation Alliance Franklin County Economic Development Commission Renaissance Computing Institute Fuquay-Varina Area Chamber of Commerce Research Triangle Foundation of North Carolina Garner Chamber of Commerce Roxboro Area Chamber of Commerce and Economic Granville County Chamber of Commerce Development Center Granville County Economic Development Commission RTI International Greater Cleveland Chamber of Commerce Sanford Area Chamber of Commerce Greater Durham Chamber of Commerce Small Business & Technology Development Center Greater Franklin County Chamber of Commerce The Research Triangle Park Greater Raleigh Chamber of Commerce Town of Butner Greater Raleigh Convention and Visitors Bureau Town of Chapel Hill Greater Smithfield-Selma Area Chamber of Commerce Town of Fuquay-Varina Harnett County Economic Development Commission Town of Garner Henderson-Vance Chamber of Commerce Town of Holly Springs Henderson-Vance County Economic Development Town of Knightdale Hillsborough/Orange County Chamber of Commerce Town of Oxford Holly Springs Chamber of Commerce Town of Pittsboro Institute for Emerging Issues Triangle J Council of Governments International Affairs Council of North Carolina Triangle Regional Film Commission Johnston Community College Triangle South Workforce Development Board Johnston County Convention and Visitors Bureau U.S. Department of Commerce Johnston County Economic Development UNC Kenan Flagler Business School Kenly Area Chamber of Commerce Vance County Tourism Department Kerr-Tar Regional Council of Governments Wake County Economic Development Kerr-Tar Regional Economic Development Corporation Wake County Government Kerr-Tar Workforce Development Board Wake Technical Community College Knightdale Chamber of Commerce WakeMed Health and Hospitals Lee County Economic Development Corporation Warren County Chamber of Commerce Lillington Chamber of Commerce Warren County Economic Development Commission MCNC Zebulon Chamber of Commerce Research Triangle Regional Partnership Board of Directors Naming Sponsor 2011 Officers Henry “Hank” Scherich, Measurement Incorporated Harvey Schmitt, Greater Raleigh Chamber of Commerce* Jeff Stocks, Chairman* Gary Shope, Orange County Economic Development Commission Manpower Casey Steinbacher, Greater Durham Regional Chamber of Jack O. Clayton, Chairman-elect* Commerce* Kari Stoltz, Bank of America Wachovia, A Wells Fargo Company N.A. Jim Stovall, Person County Economic Development Commission* Dr. William Atkinson, Immediate Past Chair* Katherine Thomas, Progress Energy* WakeMed Health & Hospitals N. Johnson Tilghman, Investor/developer* Jay Tilley, Granville County Office of Economic Development Platinum Sponsors 2011 Ronnie Goswick, Secretary* Ron Wainwright Jr., Cherry, Bekhaert & Holland LLP Franklin County Economic Development Commission Marqueta Welton, Durham County Todd Wemyss, Glen Raven Mills Inc. Bob Heuts, Treasurer* Steve Wicker, Fidelity Bank Lee County Economic Development Corporation David Williams, Wake Electric Membership Corporation Charles A. Hayes, President and CEO* Peter Wilson, Town of Wilson's Mills Pratt Winston, Winston International Research Triangle Regional Partnership David Woodell, SunTrust James E. Holshouser Jr., Special Advisor to the Board Sanford Holshouser Economic Development Consulting LLC Gold Sponsors 2011 Research Triangle Regional Partnership Staff Members *Executive Committee Member Charles A. Hayes, President and CEO Peggy Anderson, Johnston County Economic Development Lee Anne Nance, Senior Vice President, Strategic Initiatives Commission Debbie Lilly, Vice President, Business Development John Atkins, O'Brien/Atkins Associates PA* Bo Carson, Vice President, Information Services Jim Beck, TrustAtlantic Bank Terry Naegelen, Vice President, Operations Mary Ann Black, Duke University Health System Pam Wall, Vice President, Product Development John Brantley, RDU Airport Authority Jim Brown, RBC Bank (USA) Elaine Loyack, Program Coordinator, Triangle Air Awareness 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* Promoting Economic Competitiveness for John Geib, Duke Energy the Research Triangle Region, North Carolina Andrea Harris, N.C. Institute of Minority Economic Development Fred Hobbs, Hobbs, Upchurch & Associates P. O . B o x 8 0 7 5 6 Donny Hunter, Hunter & Associates RDU International Airport, NC 27623 USA Barry Jacobs, Orange County Board of Commissioners Telephone (919) 840-7372 Chris Johnson, Smithfield Downtown Development Corporation* Fax (919) 840-0142 Sandy Jordan, Cary Chamber of Commerce E-mail [email protected] Gary Joyner, Kilpatrick Stockton LLP John Kane, Kane Realty Co. www.researchtriangle.org Donald Lancaster, Union Bank & Trust Co.* Tim Lea, Moore County Board of Commissioners Member of the North Carolina John Messick II, Wachovia, A Wells Fargo Company Partnership Ray Ogden, Moore County Partners in Progress* for Economic Phyllis Owens, Harnett County Economic Development Development Commission Tony Pugliese, AICPA Dianne Reid, Chatham County Economic Development Commission Randy Reynolds, Piedmont Community College Liz Rooks, The Research Triangle Park*