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Published Fri, May 28, 2010 06:22 AM
Modified Fri, May 28, 2010 12:37 AM

Good news, bad news for RTP

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Thursday morning, area leaders heard just how hard the Research Triangle has been hit by the global recession. But they also heard about the silver lining.

People at the annual State of the Research Triangle Region forum learned that employment in the region fell by 46,435 last year. The good news? Companies planning to relocate or expand within the 13-county area announced a record $1.9 billion in investments and plans to create 10,000 jobs.

Charles A. Hayes, president and CEO of the Research Triangle Regional Partnership, said that there was no way to sugarcoat the job losses. Still, he tried. "We're encouraged by the diversity of companies announcing expansion plans and delighted at the prospect of new jobs."

The regional partnership was formed to develop a regional economic strategy for the area's 13 counties: Chatham, Durham, Franklin, Graham, Harnett, Johnston, Lee, Moore, Orange, Person, Vance, Wake and Warren. Last year, it initiated a five-year plan to create 100,000 jobs by July 2014.

Economic developers are working with 58 companies who need a place to settle down and invest. Those companies could bring 13,000 jobs, the partnership reported.

Staff writer Mary Cornatzer

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