Spread over 7,000 acres in the heart of North Carolina, The Research Triangle Park is a research park that was created in 1959 by leading North Carolina business men, industrialists and academicians. It is currently home to over 150 organizations from diverse industries and work-place to over 39,000 full-time professionals. Successfully overcoming its initial hurdles, the Park now recruits some of the world's top talents in various fields including information technology, biotechnology, telecommunications and pharmaceuticals and is often refereed to as the Silicon Valley of the East.
Worried about the imminent brain drain resulting from graduates leaving North Carolina for better job prospects, many Triangle area professionals formed the concept of a research park that would promote development of new industries and boost cooperation among research organizations. The idea found favor with many prominent citizens, including entrepreneur Romeo Guest and Howard Odum, sociology professor at the University of North Carolina. They went all out to promote their idea and in 1957, investor Karl Robbins agreed to fund the purchase of the land that was required for the research park. By the end of 1957, they acquired 3,559 acres and in January 1959, the Research Triangle Institute was established. Construction of its headquarters began soon after, and RTI became the Park's first tenant.
In 1965, two giant corporations, the National Institute of Environment Health Science and International Business Machines Corp. (IBM) set up huge facilities at the park, and they were soon followed by many others. Today as many as 157 organizations have established facilities within The Research Triangle Park.
What started off as an innovative concept turned out to be a reality and a stupendously successful one at that. Today world-class research and development organizations from various fields including telecommunications, information technology and pharmaceuticals have huge investments and facilities in the Research Triangle Park. They provide employment not only for North Carolina's graduates, but also for graduates from all over the world, completely transforming the economic profile of the state.
The Research Triangle Park
The Research Triangle Park in North Carolina, which is frequent abbreviated to simply RTP, is one of the largest research parks to be found in the entire world. A research park, which is also commonly referred to as a science park, is a specialized property development that includes a high concentration of high tech, research, or science related businesses.
The RTP in North Carolina is located in what has become known as the Research Triangle Region in the state. The majority of this region is found in Durham County, though a portion of it is also located in Wake County.
North Carolina's RTP, which was created in 1959, has earned a reputation as one of the most prominent high tech development and research centers in the United States. In addition, it is frequently compared to Silicon Valley in regard to its technology and scientific importance.
The development of the RTP was the result of a collaboration among nearby universities, governments, and local businesses. The land where the park is now built was originally purchased by Karl Robbins. In combination with the Cummings Research Park located in Huntsville, Alabama and the Virginia BioTechnology Research Park in Richmond, Virginia, North Carolina's RTP is one component of what is referred to as the ?New South? of scientific leadership.
In all, North Carolina's RTP contains 7,000 acres and is situated within a pine forrest that offers another 630 acres for potential development. Over 130 research and development facilities were located in the RTIp as of 2007. In addition, the RTP employed over 39,000 employees representing 157 different organizations in the area.
A number of notable companies are located at the RTP. One of the largest IBM operations in the world, which employs around 11,000 people, is found here. Other companies include Bayer, the Environmental Protection Agency, Sony Ericsson, and many more.
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