Henderson, N.C. – Triangle North, the network of four tax-advantaged business parks created by Franklin, Granville, Vance and Warren counties, briefed business, government, academic and economic development allies from the region and state at a launch event March 30 asking for help identifying and attracting growing businesses to its parks.
“I am confident that years from now, we’ll look back and see that Triangle North was as transformative for our corner of the state as The Research Triangle Park has been for the broader Research Triangle Region and for North Carolina,” said N.C. Rep. James W. Crawford, who represents Granville and Vance in the N.C. General Assembly and has been a key legislative supporter of the project from its inception. “We need your help to identify growing companies that can benefit from the many benefits our parks offer growing businesses.”
Keynote speaker N.C. Lt. Gov. Walter Dalton praised the project for its innovative, regional approach to rural economic development. “
Especially during this economic downturn, North Carolina must invest in innovative programs, policies and partnerships – like Triangle North – to create jobs across our state,” Dalton said. “We must remain focused on bringing the jobs of the future to all parts of our state, while educating our citizens for the jobs of today and tomorrow. By harnessing the capabilities of our universities and community colleges, our well-trained workers and our private partners, North Carolina will be prepared to lead in the new economy.”
Vance-Granville Community College President Randy Parker welcomed guests convened at Vance-Granville Civic Center on the college’s main campus.
“We at Vance-Granville Community College are committed to doing what we can to make this initiative a success and continuing to provide the workforce training and education programs that our businesses need to grow and compete in the global economy,” Parker said. The college is located adjacent to two of the four parks – Triangle North Granville and Triangle North Vance -- and provides key workforce development programs for companies in the region. In addition, the community college’s new master plan calls for building a corporate education and training facility at one of the Triangle North parks.
Danny Wright, chairman of the Kerr-Tar Regional Economic Development Corporation, which owns and develops the parks, acknowledged the many organizations that have contributed more than $9 million to the project since inception. The list of supporters includes local, state and federal government agencies, nonprofits, foundations and private businesses.
“We applaud your efforts and thank you for being key partners in our effort to create jobs and opportunity for the citizens of our region,” Wright said. “I’ve always been a fan of regionalism. I know that, by working together, we can accomplish what we need to make our future brighter.”
Triangle North Executive Director Bud Cohoon briefed attendees on what the four parks offer businesses, including a $12,500 state tax credit for every job created.
“Triangle North offers affordable, tax-advantaged access for businesses interested in locating in the Research Triangle Region of North Carolina, home to The Research Triangle Park(TM) and one of the most economically competitive regions in the world,” Cohoon said. “We need your help spreading the word to companies that can benefit.”
All Triangle North 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. They offer close proximity and access to the region’s world-leading life sciences and technology clusters; research-and-development support of three major research universities (Duke University, North Carolina State University and University of North Carolina at Chapel Hill) and numerous federal and private labs; a strong manufacturing environment; a qualified, motivated workforce with a wide range of education and skills; customized workforce training through a top-ranked community college system; and an enviable quality of life.
The four 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:
- Triangle North Franklin – a 252-acre technology park adjacent to Triangle North Executive Airport with a 39,000-square-foot shell building ready for occupancy.
- Triangle North Granville – a 527-acre mid-tech park with three miles of frontage along Interstate 85, west of Vance-Granville Community College.
- Triangle North Vance – a 422-acre life sciences and technology park on the southeastern side of Interstate 85, across from Vance-Granville Community College.
- Triangle North Warren – a 1,000-acre mega-site off of Interstate 85 and U.S. 1/158 ideal for manufacturing, logistics and distribution and the companies that service and supply them.