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>>

  • Suspect in Custody, Victim Dead after Statesboro Bar Beating

    Suspect in Custody, Victim Dead after Statesboro Bar Beating

    Friday, August 29 2014 12:24 AM EDT2014-08-29 04:24:40 GMT
    Grant James SpencerGrant James Spencer
    A bouncer is in custody, accused of beating a teen, leaving him unconscious outside of a Statesboro bar Thursday morning, according to Statesboro Police.  Detectives say the assault happened near Rude Rudy's Bar on University Court.
    A bouncer is in custody, accused of beating a teen, leaving him unconscious outside of a Statesboro bar Thursday morning, according to Statesboro Police.  Detectives say the assault happened near Rude Rudy's Bar on University Court.
  • MUGS: 15 Children Removed From Woodruff Home, Adults Arrested

    MUGS: 15 Children Removed From Woodruff Home, Adults Arrested

    Wednesday, August 27 2014 6:16 PM EDT2014-08-27 22:16:58 GMT

    Investigators say they found the trailer surrounded by piles of clothes and trash, a swimming pool with green water, animal feces and roaches on the floor of the home and unsecured guns and medicine bottles.

    Investigators say they found the trailer surrounded by piles of clothes and trash, a swimming pool with green water, animal feces and roaches on the floor of the home and unsecured guns and medicine bottles.

  • 'Magic Mike,' Sequel to be Filmed in Savannah

    'Magic Mike,' Sequel to be Filmed in Savannah

    Wednesday, August 27 2014 12:52 PM EDT2014-08-27 16:52:15 GMT
    The Savannah Film Office says the sequel to the movie Magic Mike is scheduled to be filmed in the Savannah area beginning in September.
    The Savannah Film Office says the sequel to the movie Magic Mike is scheduled to be filmed in the Savannah area beginning in September.
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.