What Is This Place Called "RTP"?
The Research Triangle Park (affectionately referred to as RTP) is the largest research park in the country. It was initiated in the early 1950s by the area`s leaders in education, industry, and politics. These individuals include Governor Luther Hodges, industrialist Romeo Guest and banking executive Robert Hanes. RTP was fashioned after a similar industrial research complex outside of Boston. The people who designed it believed our tri-city area would be ideal for such a complex because it could, like Boston, capitalize on the already extensive research facilities available at the three major neighboring universities.Today, approximately 75% of RTP is in Durham County, and approximately 25% of it is in Wake County, encompassing 7,000 total acres.
The park is home to over 200 companies employing 50,000 workers and 10,000 contractors with expertise in fields such as micro-electronics, telecommunications, biotechnology, chemicals, pharmaceuticals, and environmental sciences. These industries invest more than $296 million in R&D at the region’s universities each year – double the average R&D investment for innovation clusters elsewhere in the nation.
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Raleigh, NC 27613