| Prerequisites |
Description |
| The initiative of individuals |
Howard Odum (sociologist and founder Of the Institute for social science research at the University of North Carolina) (science representative)Romeo Guest, head of a construction company (business representative),State Treasurer Brandon Hodges and Walter Harper of the state conservation and development Board brought industry to the state from other regions.Representatives of local businesses were interested in creating a scientific cluster as a new source of income, and government officials understood the need to develop the state as a whole. |
| The stagnation of the economy |
At the time of the Triangle's creation (late 50s), the entire US economy was in a state of stagnation. There was a need for scientific and technological development, the source of which is the generation of innovations, which in turn is successfully implemented within a certain space that unites business, the state, and universities. |
| Government's "brain drain" perplexity: the government partially finances the production of educational services (universities) in order to internalize the externalities of education services in the state, and the externalities are partially seen in other US States. |
Many young professionals preferred to leave the "unpromising" state in a search for a better life (reduced tax revenues, lack of demand from the local market for an innovation-oriented workforce). |
| Low level of development of the state economy |
- agricultural orientation of the region;- high unemployment rate;- low level of sectoral diversification of the economy. |
| Low quality of life |
One of the lowest per capita income indicators in the country |
| Availability of scientific schools of national and world levels |
2 medical schools, 2 engineering schools and a core of outstanding researchers in almost every field of science. |
| Good initial location of the main components of the Triangle-near transport arteries |
All three universities (North Carolina state University, Duke University, and the University of North Carolina at Chapel Hill) were located near the main airport and train stations, which made the potential placement of residents in the Technopark even more attractive. |
| The demand for innovation from business |
Business realized that scientific research was the engine of industrial growth. New industries were being created, which required highly qualified specialists and new technologies. |
