Officials: More competition will make RTP 'stronger' - Local news, weather, sports Savannah | WSAV On Your Side

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>>

  • Most Popular StoriesMost Popular StoriesMore>>

  • MORE DETAILS: Family Releases Statement on Father, Daughter Death

    MORE DETAILS: Family Releases Statement on Father, Daughter Death

    Tuesday, July 29 2014 12:24 PM EDT2014-07-29 16:24:22 GMT
    911 calls tell the story story of what happened before and after the tragic freak accident
    911 calls tell the story story of what happened before and after the tragic freak accident
  • UPDATE: Suspect Not Found In 35th St. Home In Savannah

    UPDATE: Suspect Not Found In 35th St. Home In Savannah

    Tuesday, July 29 2014 1:00 AM EDT2014-07-29 05:00:19 GMT
    Metro Police are on the scene of a possible hostage situation.
    Metro Police are on the scene of a possible hostage situation.
  • Parents Arrested: Daughter Left in Hot Car

    Parents Arrested: Daughter Left in Hot Car

    Parents arrested after three-year-old girl is locked alone inside 104 degree car for 20 minutes in shopping mall car park.Ho Kim, 33, and Tae Kim, 35, are accused of leaving their daughter locked inside the vehicle at the Brea Mall in Brea, California, while they shopped.This all comes after 18 children have died so far this year after suffering heatstroke after being left inside hot cars. But in this latest case, the girl was saved after someone saw her inside a black Nissan mini van. Police...
    Parents arrested after three-year-old girl is locked alone inside 104 degree car for 20 minutes in shopping mall car park.Ho Kim, 33, and Tae Kim, 35, are accused of leaving their daughter locked inside the vehicle at the Brea Mall in Brea, California, while they shopped.This all comes after 18 children have died so far this year after suffering heatstroke after being left inside hot cars. But in this latest case, the girl was saved after someone saw her inside a black Nissan mini van. Police...
Powered by WorldNow

1430 East Victory Drive
Savannah, GA 31404

Telephone: 912.651.0300
Fax: 912.651.0320
Email: newsemailalert@wsav.com

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