Research Triangle Park is a large region in North Carolina encompassing eight different counties and the communities of Raleigh, Durham, and Chapel Hill. Home to more than two million people, “the Triangle” also boasts prestigious institutions of higher learning like Duke University, North Carolina State University, and the University of North Carolina at Chapel Hill.
A Strong Technological Foundation
When Research Triangle Park emerged as a distinct entity in the late 1950s, it was envisioned as an attraction that would serve to anchor graduates from the three schools mentioned above. Attracting outside professionals and local talents was also a chief concern. The number of major corporations and organizations that have taken root in the Triangle is truly impressive, and it includes bodies such as:
- IBM Corporation
- SAS Software
- Red Hat, Inc.
- Cisco Systems, Inc.
- BASF Corporation
- NetApp, Inc.
Entrepreneurs consider RTP to be a friendly and resourceful community that has taken great strides to embody the motto provided for it decades ago: “inspiring bold ideas.”
Today fresh organizations continue to come to RTP in order to take advantage of the favorable tech climate. American Underground, a startup slash coworking space that’s become one of the nine tech hubs in the Google for Entrepreneurs network, is a perfect example of the Triangle’s new focus on fostering startups and entrepreneurship.
Advantages offered to companies coming to the Triangle include:
Great Local Talent
The Triangle is one of the nation’s most highly-educated communities. Graduate degree holders represent a full fifth of the residents. This is no accident with the region’s many fine colleges. Beyond the major educational players in the Triangle – Duke, UNC-CH, NCSU, NCCU, Saint Agustines, Peace, Shaw, and Meredith – there are also many great community colleges offering strong tech programs. Examples include Wake Tech and Durham Tech. The RTP is simply bursting with intelligent, educated workers.
Low Cost Of Living
The cost of living in the Triangle is significantly more affordable than that found in most of the country’s other tech hubs. It’s very favorable when compared to metropolitan centers like Los Angeles, Austin, Seattle, Boston, and the Bay Area.
Though the professional life of the RTP is energetic and productive, in other areas the community is quite laid back. Recreational opportunities abound throughout the region. The coast is two hours away, and there are beautiful mountains about four hours away. There’s an active local music scene, copious numbers of state and local parks, ample camping opportunities, and lots of other wonderful ways to get in touch with the great outdoors. The Triangle is especially rewarding for fans of college athletics. Following the basketball fortunes of schools like Duke, NCSU, and UNC is particularly rewarding.
The Triangle’s climate is very forgiving in every part of the year. Temperatures rarely veer outside of the comfort zone, with only the very depths of winter and the very hottest parts of the summer being tough to bear. 100-degree days happen no more than four or five times a year, with normal summer temperatures staying in the 90s. Single-digit temperatures are exceptionally rare in the winter; even days below freezing are the exception rather than the rule.