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Research Triangle Park

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Research Triangle Park headquarters
Founded 1959
Headquarters Research Triangle Park, NC

Research Triangle Park (RTP) is the largest research park in the United States.[1] It is located near Durham, Raleigh, and Chapel Hill, in the Research Triangle region of North Carolina. A small part of the Park stretches into Wake County, but the majority of the land is in Durham County.[citation needed]

Contents

[edit] Overview

It is one of the most prominent high-tech research and development centers in the United States and is often compared to Silicon Valley. It was created in 1959 by state and local governments, nearby universities, and local business interests. Karl Robbins bought the land where the park is now built. The Research Triangle along with the Cummings Research Park located in Huntsville, Alabama, and the Virginia BioTechnology Research Park in Richmond, three of the largest research parks in the country, have made the "New South" home to three global centers of scientific leadership.[citation needed]

The park is 7,000 acres (2,833 ha) situated in a pine forest with approximately 630 acres (255 ha) for development.[citation needed] The park is an unincorporated area, and state law prohibits municipalities from annexing areas within the park.[2]

As of 2007, the park included over 130 R&D facilities, with more than 39,000 employees working for a total of 157 organizations. The park is adjacent to Interstate 40 and the Durham Freeway. It is managed by the Research Triangle Foundation, a private non-profit organization.[citation needed]

The park is home to one of the largest IBM operations in the world; the company has around 11,000 employees in RTP. The park hosts one of GlaxoSmithKline's largest R&D centers with approximately 5,000 employees.[citation needed]

[edit] Companies and institutions in or near the Research Triangle Park

[edit] Universities

[edit] See also

[edit] References

  1. ^ http://www.rtp.org/main/
  2. ^ "Could RDU do more for Durham?", Raleigh News & Observer, 13-Sept-2009, p.13A

[edit] External links

[edit] Bibliography

Coordinates: 35°54′29″N 78°51′46″W / 35.90806°N 78.86278°W / 35.90806; -78.86278