State and Duke University came up with the idea of creating the park so that the universities could do research together, leverage the area's strengths, and keep graduates in the state. IBM's Research Triangle Park facility, pictured in around 1982įollowing World War II, North Carolina's economy could no longer depend upon their traditional industries of agriculture, textiles, and furniture their market share was in decline with jobs disappearing.

In August 2017, Scott Levitan was named the organization's new President and CEO, making him the 9th leader since the foundation was established. Research Triangle Park is owned and managed by the Research Triangle Foundation, a private non-profit organization. The National Institutes of Health has its National Institute of Environmental Health Sciences located in the park and the city of Durham. Cisco Systems' campus in the park, with approximately 5,000 employees, is the second highest concentration of its employees outside its Silicon Valley corporate headquarters. The park hosts one of GlaxoSmithKline's largest R&D centers with approximately 5,000 employees. The park is home to more than 300 companies that employ 55,000 workers and an additional 10,000 contractors.

The park is traversed by Interstate 40, the Durham Freeway, and NC 540. The park covers 7,000 acres (2,833 ha) and is situated in a pine forest with 22,500,000 square feet (2,090,318 m 2) of built space. Karl Robbins bought the land where the park is now built. It was created in 1959 by state and local governments, nearby universities, and local business interests. Research Triangle Park is one of the most prominent high-tech research and development parks in the United States. 5 Subsidiaries of The Research Triangle Park Foundation.

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