11/8/2023 0 Comments Dell emc research triangle park![]() On October 1, 2015, former President and CEO of the Research Triangle Foundation, Bob Geolas, announced RTP's plans for a $50,000,000 redevelopment involving the formation of "Park Center." $20,000,000 will be allocated from Durham County, $10,000,000 from the Durham-Wake Counties Research and Production Service District, and $20,000,000 as a result of land purchases and site work provided by the Research Triangle Foundation of North Carolina. These newly permitted URSDs could levy taxes at the same rate as a neighboring city. The zoning changes are coupled with legislative changes allowing for Urban Research Service Districts (URSD) within the Park, which can include a mix of retail and residential usages. ![]() As of October 2012, both zoning areas are in the process of being revised to allow higher density development. The park has special zoning as a Research Applications District in the Wake County portion, and a Scientific Research Park in the Durham County portion. Some local government functions are served by the Durham-Wake Counties Research and Production Service District, a special tax district created in 1986 that is conterminous with the park, wherein the property tax rate is limited to 10 cents per $100 valuation. The park is an unincorporated area, and state law prohibits municipalities from annexing areas within the park. Lake Betz at Research Triangle Park Local government "Research Triangle is a manifestation of what North Carolina is all about." Research Triangle Park remains a nonprofit. "The love of this state … was the motivation for the Research Triangle idea," he said. ĭavis strongly believed that profits could not be the only driver for creating the park and that the betterment of the community should be the key goal. Archie Davis promoted a culture of innovation and entrepreneurship by locating the park near universities, actively recruiting organizations (like the American Academy of Arts and Sciences), and used his vision to raise funding for the park. In their article "The Growth of Research Triangle Park," Link and Scott posit that entrepreneurial culture and leadership contributed the most to its success as a cluster. At first, the park struggled to recruit innovators, but in 1965, Research Triangle Park had its largest surge of growth thanks to heavy recruiting by the state's government and Archibald "Archie" Davis. It is central to Duke University, North Carolina State University, and the University of North Carolina at Chapel Hill. Įstablished in 1959, Research Triangle Park was created to increase innovation in the area. ![]() State and Duke University proposed a park to allow the universities to do research together, harness the area's strengths, and keep graduates in the state. History IBM's Research Triangle Park facility, pictured in around 1982Īfter World War II, North Carolina's economy was hurt as its agriculture, textile, and furniture industries lost market share. In August 2017, Scott Levitan was named the foundation's new president and CEO, making him the 9th leader since the foundation was established. The National Institutes of Health has its National Institute of Environmental Health Sciences in the park and the city of Durham. Cisco Systems' campus in the park, with about 5,000 employees, is its second-largest location, after its Silicon Valley corporate headquarters. The park hosts one of GlaxoSmithKline's largest R&D centers with about 5,000 employees. The park is home to more than 300 companies that employ 55,000 workers and an additional 10,000 contractors. The park is traversed by Interstate 40, the Durham Freeway, and NC 540. The park covers 7,000 acres (2,833 ha) and is situated in a pine forest with 22,500,000 square feet (2,090,318 m 2) of built space. Karl Robbins bought the land where the park is now built. It was created in 1959 by state and local governments, nearby universities, and local business interests. Research Triangle Park is one of the most prominent high-tech research and development parks in the United States. Most of its territory lies within Durham County, with about one-quarter in Wake County. The park is bounded by the cities of Raleigh, Durham, and Chapel Hill and the communities of Morrisville and Cary. North Carolina's Research Triangle region is named for the facility, which sits within the geographic triangle formed by three nearby research universities: North Carolina State University, Duke University, and University of North Carolina at Chapel Hill. It is owned and managed by the Research Triangle Foundation, a private non-profit organization. Research Triangle Park ( RTP) is the largest research park in the United States, occupying 7,000 acres (2,833 ha) in North Carolina and hosting more than 300 companies and 65,000 workers.
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