The Research Triangle

Chapel Hill, Durham, and Raleigh make up the three corners of the Research Triangle, so named in 1959 with the creation of Research Triangle Park, a research park between Durham and Raleigh. Chapel Hill is one of the central cities of the Durham-Chapel Hill MSA, which in turn is part of the Raleigh-Durham-Chapel Hill Combined Statistical Area, with a population of 1,998,808.

Anchored by leading technology firms, government and world-class universities, medical centres and schools, the area's economy has performed exceptionally well. Significant increases in employment, earnings, personal income, and retail sales are projected over the next 15 years. The region's growing high-technology community includes such companies as IBM, Cisco Systems, NetApp, Red Hat, EMC Corporation, and Credit Suisse First Boston.

In addition to high-tech, the region is consistently ranked in the top three in the U.S. with concentration in life science companies. Some of these companies include GlaxoSmithKline, Biogen Idec, BASF, Merck & Co., Novo Nordisk, Novozymes, and Pfizer.

Research Triangle Park and North Carolina State University's Centennial Campus in Raleigh support innovation through Research and Development and technology transfer among the region's companies and research universities (including Duke University and the University of North Carolina at Chapel Hill).

The area has fared relatively well during the Global Financial Crisis induced recession, ranking as the strongest region in North Carolina by the Brookings Institution and among the top 40 in the country.