Triangle North will begin construction in December on an access road to connect Triangle North Franklin to U.S. Highway 401.
The project is made possible by a $1.7 million grant from the U.S. Department of Commerce Economic Development Administration and $900,000 in N.C. Department of Transportation funding.
The roadway, when complete in early 2013, will extend from the park's perimeter at Triangle North Executive Airport directly to U.S. Highway 401.
"This is a major improvement for the park, not only providing direct highway access for tenants and airport customers but also opening the park to development all along the new roadway," said Don Lancaster, chairman of the Kerr-Tar Regional Economic Development Corp., which owns and develops Triangle North business parks.
Low bidder Fred Smith Company will build the roadway. Spaulding & Norris will oversee the construction project.
Marketing team targets solar industry, California and Midwest markets
A Triangle North delegation attended the Solar Power International Trade Show in Dallas, Texas, Oct. 17-19. The fact-finding mission focused on gathering market intelligence and making industry contacts the team can use to market the four Triangle North business parks to this high-potential industry cluster.
Solar power is a priority cluster for the greater Research Triangle Region, of which Triangle North is a part. It is also of particular interest to Triangle North since Semprius announced plans to build a pilot plant to produce high concentration photovoltaic solar modules next to Triangle North's park in Vance County.
Representing Triangle North at the solar show were: Timmy Baynes, executive director of the Kerr-Tar Regional Council of Governments, who leads Triangle North marketing; Henderson-Vance County Economic Development Commission Director Stuart Litvin; and Triangle North board member Danny Wright.
Triangle North has signed a new contract with 310 Marketing to identify high-potential company contacts in California and the Midwest that developers can visit during recruiting missions in the new year.
310 Marketing has coordinated past marketing missions that have yielded promising leads with companies that plan to relocate or expand their operations in the future.
Companies in California and the Midwest are considered prime targets for recruitment to the Research Triangle Region because of the region's favorable business and labor climates and unique knowledge assets and culture of collaboration to support business development.
Triangle North offers affordable business access to the Research Triangle Region
Triangle North's four parks offer the highest level of state financial incentives (Tier 1) available to businesses in the state, providing a low-cost point of entry for companies ready to locate or expand in the Research Triangle Region of North Carolina, home to The Research Triangle Park.
The parks offer a mix of locations and sizes to meet the needs of businesses of all types — from R&D to manufacturing to logistics and distribution — at any stage of development.
Companies who locate in the parks gain access to the Research Triangle Region's:
- World-leading life sciences and technology clusters.
- Research-and-development support from major universities and federal and private labs.
- Strong manufacturing environment.
- Qualified, motivated workforce with a wide range of education and skills.
- Customized workforce training through a top-ranked community college system.
- Enviable quality of life.
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