Economic Development

Greensboro skyline
Scott Moore, Flickr, Creative Commons

Leaders in Greensboro are accepting submissions for a federal grant that will award one million dollars for an innovative plan.  The winning idea is supposed to help the city’s economy by designing a way to improve long-term job prospects.  Organizers admit they’re being purposely vague to see what kind of submissions they get to develop the city.  A panel of about 20 people that will ultimately chose the winning entry, met for the first time on Wednesday.

Research Triangle Park leaders have rolled out a new master plan to transform the business center into a more community-friendly atmosphere. 

Gurnal Scott: You may not realize that RTP has been around 53 years. Its foundation says it must look beyond its original vision of business innovation to grow in the next half century. CEO Bob Geolas says job growth is still a top priority.

The City of Greensboro is getting a one million dollar federal grant designed to generate economic growth. The grant is part of a program aimed at encouraging innovative ideas, strategies and perspectives for long-term job growth. Greensboro will hold a competition and request ideas for ways to bolster the local economy.

A data storage and development company in Research Triangle Park plans a major workforce expansion. 

Gurnal Scott: Governor Bev Pergue couldn't be happier about what NetApp is setting out to do.

Bev Perdue: Creating 460 new jobs and investing 75 million dollars for the next four years right here.

NetApp has a reputation nationally as one of the best places to work. Senior Vice President Denise Cox says that's mostly because they attract people motivated to succeed

Charles Hayes
Gerry Collins Photography

Business Leaders, economic developers and other stakeholders came out in the hundreds to hear yesterday’s State of the Research Triangle Region address.

Leoneda Inge: Charles Hayes is President and CEO of the Research Triangle Regional Partnership. He says in 2011 the region’s population grew by nearly two percent and wages grew by almost five-percent. But job growth is still slow. Hayes says since their economic plan was implemented in 2009 the 13 county region has added only 22,400 jobs.

The recession that began four years ago is still holding many communities across the country hostage.  Homes continue to fall into foreclosure and long-term employees are again looking for work.  But there are some areas in the United States that are recovering quite well during this down-turn.   And one of those metropolitan areas includes Raleigh.

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