Henderson, N.C. – The Research Triangle Regional Partnership (RTRP) will manage marketing and business recruitment for Triangle North under a new contract signed with the Kerr-Tar Regional Economic Development Corp. (KTREDC), the nonprofit organization that owns the multi-county network of tax-advantaged business and industrial parks created by local governments in Franklin, Granville, Vance and Warren counties to create jobs and promote economic growth.
“The synergies created by our partnership with RTRP will be a tremendous boost for our project,” said Danny Wright, chairman of the KTREDC. “RTRP already maintains close relationships with economic developers and allies across North Carolina, site selection consultants across the United States, and partners in key markets around the globe. Our agreement with RTRP will let us tap into those networks and resources immediately to help us reach potential companies who can locate in our parks.”
RTRP is the economic development organization that markets the 13-county Research Triangle Region of North Carolina, which includes the four Triangle North counties. RTRP commissioned the 2003 study that determined the feasibility of creating multi-county parks to promote economic growth in rural areas, which Kerr-Tar region leaders used as a guide to develop Triangle North.
“We want to do all we can to make sure Triangle North succeeds in bringing new jobs and companies to the northern counties in our region and create a model other rural areas can use to improve their economies,” said Charles Hayes, president and CEO of RTRP. “We’re delighted that Triangle North has invited us to partner with them in this new venture.”
The Triangle North contract calls for RTRP to manage marketing efforts through June 2010. RTRP will move quickly to hire an executive director to manage the project.
Triangle North is a network of four business and industrial parks offering sites large and small that are suitable for companies in a wide range of industry sectors, from life sciences and technology R&D and manufacturing to logistics and distribution.
Companies who locate in any of the parks can receive a tax credit of $12,500 per job, the highest-level (Tier 1) of financial assistance available in North Carolina. This provides highly affordable access for companies who want to locate or expand in the Research Triangle Region.
The four parks are:
- Triangle North Franklin, a 252-acre park across from Triangle North Executive Airport (formerly Franklin County Regional Airport) in Franklin County, with a newly completed building that offers 30,000 square feet for light industrial use and 3,900 feet of office space.
- Triangle North Granville, a 527-acre park in Granville County located along Interstate 85 spanning exits 206 and 209, adjacent to Vance-Granville Community College, with more than three miles of interstate frontage.
- Triangle North Vance, a 422-acre site off of I-85 at exit 209 in Vance County, located across the interstate from the community college.
- Triangle North Warren, a mega-site in Warren County with 1,000 acres, located off of I-85 and U.S. Highway 1/158 in Manson.
For more information on Triangle North, visit www.TriangleNorthNC.org.