Advantages of Location

Toward the end of 1950, the governor of North Carolina launched the Research Triangle. The Research Triangle is an area bordered by the three research universities, that is, Duke University located in Durham, North Carolina State University located in Raleigh, and the University of North Carolina at Chapel Hill. One of the objectives was to create a place that would attract research-oriented companies. An advantage of the location was that the region offered a highly educated local work force and was in close proximity to the state’s research universities. Although progress was slow for 20 years, in the last couple of decades significant progress has been made. For example, in 2001, I visited the Kenan Institute ...

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