Henderson, N.C. — Franklin County Commissioner Don Lancaster has been elected chairman of the Kerr-Tar Regional Economic Development Corp. (KTREDC), the nonprofit corporation that owns and develops Triangle North business parks in Franklin, Granville, Vance and Warren counties.

Lancaster succeeds Danny W. Wright, who served as chairman of the KTREDC since its creation in March 2005 until Monday, when his term as Vance County commissioner ended.

"I believe in this project and our shared vision of regionalism," Lancaster said after his unanimous election as board chair. "Our No. 1 goal is to create jobs that will improve the quality of life for all of our counties. It's been a long, brutal recession but I am optimistic that things are changing. We are poised to take advantage of the recovery."

Board members applauded Wright for his years of service to Triangle North. He worked closely with the project since the 2002 formation of the regional working committee that developed the implementation plan. During his chairmanship, Triangle North was recognized as a national model for rural economic development because of its unique multi-county tax-base-sharing arrangement developed by the four county governments to attract new businesses and create jobs in globally competitive industries.

"I have been a part of this project since it was a germ of an idea and will continue to support it in any way I can," Wright told board members. "I am confident that Triangle North's best days are just ahead."

The KTREDC board also bid farewell to two other charter members whose terms as commissioners also ended: W.E. "Pete" Averette, representing Granville County, and Ernest Fleming, representing Warren County.

"I've enjoyed our eight years," Averette said. "We've come a long way."

Fleming said: "My four years here have been enriching. It's nice to see that we can all work together."

The KTREDC board comprises appointed commissioners and business people from each of the four counties that participate in the Triangle North project. County commissioners are expected to appoint their new members to the board by mid-January. After they act, the KTREDC board will reconvene to elect additional officers.

Lancaster, a charter member of the KTREDC board, is executive vice president and Franklin County market executive for Oxford-based Union Bank and Trust. He joined Union Bank in 2006 after a long career at First Citizens Bank. Lancaster directs operations for the bank's offices in Louisburg and Youngsville and, as a member of the executive management team, works directly to shape the bank's future.

Triangle North offers tax-advantaged sites of every size and shape to growing companies seeking affordable space in the world-renowned Research Triangle Region of North Carolina. For more information, visit www.TriangleNorthNC.org, call (252) 436-6098 or e-mail info@trianglenorthnc.org.

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