2. The Challenge:
An Economy in Decline
• Job losses
• High unemployment
• Low per capita income
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3. Growth Businesses
• Use new technology in
new ways
• Use R&D to innovate
• Invest in work force
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4. The Opportunity:
Growth Companies
• Spin­offs from regional
growth industries, such as
pharmaceuticals
• Advanced manufacturing
products of all types
• Entrepreneurial
companies, start­ups
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5. Opportunity is all around us
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6. Opportunity is all around us
www.kerrtarhub.org 6

7. Opportunity is all around us
www.kerrtarhub.org 7

8. Opportunity is all around us
www.kerrtarhub.org 8

9. Opportunity is all around us
www.kerrtarhub.org 9

10. Opportunity is all around us
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11. Opportunity is all around us
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12. Kerr­Tar Region Assets
• Reasonable land costs
• Proximity to RTP, RDU and related
resources
• Strategic location along I­85/US 501/
US 1/US 401
• Strong community colleges that can train
workers for these growth companies
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13. Kerr­Tar Hub:
An “Enhanced” Technology Park
• Special facilities
– Incubators or accelerators
– Testing/research labs
– Advanced IT capability
– Shared meeting and conference space
• Specialized services
– Industry­specific workforce training
– Marketing/export promotion
– Regulatory review/adherence
– Business assistance
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14. Regional approach is key
• Size of the investment requires
multi­county collaboration
• Pooling resources offers competitive
advantage
• Greater chance for securing outside
funding and support
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15. High return on investment
• New companies and jobs
located in the Hub and
existing parks
• Growth of suppliers and
service providers
• Jobs for workers in all five
counties
• Share in property tax
revenues
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16. Where we are
• UNC study affirmed approach
• Recruited regional representation
• Agreed on Hub concept
• Developed action plan
• Passed law to allow cost/revenue sharing
across county lines
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17. Where we’re going
• Detailed planning
– Site selection
– Ownership and management agreements
– Facilities design
– Sales and marketing
• Fundraising
– Pursuing state, federal, foundation grants
– Local matching funds will be needed
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18. How you can help
• Stay informed: www.kerrtarhub.org
• Share your ideas and contacts
• Let local officials know you support this
investment
www.kerrtarhub.org 18

19. What do you think?
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