Although not as famous as the Stanford Industrial Park, the Research Triangle Park (RTP), created in 1959, is one of the largest research parks, powered by the intellect of three leading universities in the region - Duke University, NC State University, and the University of North Carolina at Chapel Hill.The ICT industry has grown by 38% over the past years, employing over 126,000 professionals. One reason for the technology workforce is the state’s performance as a STEM hub, ranking at #2 in South East United States. The Centennial Campus has acted as an enabler for the growth in the sector, bringing government, industry experts, and students under one roof. The 1000+ acre campus provides incubation service for technology companies serving in networking, advanced analytics, nanotechnology, biomedical engineering, and biomanufacturing.
Although not as famous as the Stanford Industrial Park, the Research Triangle Park (RTP), created in 1959, is one of the largest research parks, powered by the intellect of three leading universities in the region - Duke University, NC State University, and the University of North Carolina at Chapel Hill. Familiar revenue source and lack of innovation nearly cost NC its economy when in the mid-1950s, the state had the lowest per capita income in the nation. The lack of infrastructure to support specializations led to a massive brain drain.
RTP was established to reverse the talent outflow. The park is divided into clusters to supports 11 technology sub-sectors: Advanced Medical Care, Agriculture Biotechnology, Cleantech, Analytical Instrumentation, Biological Agents and Infectious Diseases, Informatics, Defense Technologies, Interactive Gaming And E-Learning, Nanoscale Technologies, Pervasive Computing, and Pharmaceuticals. Although the workforce strength and sales give the impression that technology is a major force in the state, the real health of the sector is measured through Location Quotients (LQ). A value of 1.25 or higher in LQ, shows that the sector’s contribution will influence the wealth-generating capacity of the state.
Among the many sub-sectors in technology that was measured (Energy Tech, Environment Tech, Life Science, IT, High-Tech Services and Manufacturing), only technology in manufacturing has a score of 1.32 with Environment Tech at a distant second of 1.12.
The real measure of an industry is the number of indirect jobs and revenues it generates. Technology has a 3.12 multiplying effect which means for every one job in technology, two additional jobs supporting the industry was created, generating over $150 billion in sales, for the $82 billion in sales revenue in the technology sector, accounting for 20% of North Carolina’s total sales revenue.
North Carolina State of Technology - 2017 Industry Report
|Top Technology Companies (North Carolina)|
2019 MBA Research Guide - Choose your MBA
F1GMAT's Comprehensive MBA Research Guide will teach you how to select MBA programs through a bottom-up approach.
Articulating your Post-MBA Goals and Career Path is the FIRST step. Which program will give you that hike in Salary, Switch in Career, Change in Location or Job Satisfaction?
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Define Post-MBA Goals
Pick your Path: Generalize or Specialize
Use Moral Algebra Method
Use Multi-Attribute Utility Theory
Understand the Top 5 Risks
Measure MBA Career Service Team's Effectiveness
Use Bookending to Calculate MBA Admission Chance
Use Net Present Value to Calculate MBA Return on Investment
Don't Fall for the Mere Exposure Effect
Best Practices to find the truth in MBA Information Session or MBA Tour
Comprehensive MBA Research Guide: Includes Top MBA Programs by 19 Specializations:
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Top 10 MBA in UK – Salary & Fee (2018)
Top MBA Destinations Based on Happiness Index
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Top 10 MBA Job Markets based on Cost of living and Purchasing Power
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+Comparisons - Top MBA Programs
Wharton vs. Columbia MBA (2018)
MIT vs. Stanford MBA (2017)
Haas vs. Ross MBA (2018)
Kellogg vs Ross MBA
Booth vs Wharton MBA
MIT Sloan vs Tuck MBA
IMD vs. INSEAD MBA (2017)
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Top Industries in France
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