Science in the Triangle

The brainpower for which North Carolina’s Research Triangle area is known tends to hide inside buildings, behind tall trees or somewhere on sprawling university campuses.

Crossing Research Triangle Park on Interstate 40 or visiting Duke University, the University of North Carolina at Chapel Hill or N.C. State University provides little insight into what fuels one of the hottest U.S. research and development hubs.

Michael Walden

Sure, the Triangle was named the brainiest U.S. region and Raleigh the fastest growing metropolitan area last year. And the area’s vaunted labor pool continues to draw scientists and R&D companies from elsewhere, even though companies have closed shop or laid off employees in the past two years and the unemployment rate in the Triangle is nearly twice as high than before the economic downturn.

Mike Walden, an NCSU economist, doesn’t mince words when he assesses how important R&D is for the RTP area. “It’s one of our basic industries,” Walden said. “It’s one of the things that make us tick.”

But what sustains and boosts this industry that, it can be argued, flavors everything locally from schools to restaurants?

The credit usually goes to the three main research universities, Duke, UNC-CH and NCSU, and the hundreds of companies in and around RTP. But what specifically is it that they do to shape the RTP area? Is it the graduates they produce every year, the discoveries they spin off into local startup companies, or the money they spend on R&D? Read more…