Local Tech Wire

RESEARCH TRIANGLE PARK, N.C. – Charles Hayes, chief executive officer of the , delivered what can best be described as a Thursday to business and government leaders from around the Triangle and North Carolina.

Speaking at the annual State of the Triangle event, Hayes talked about economic recruitment efforts as well as the state of the region’s economy and the impact of the recession.

He noted that economic developers in the Triangle region are pursuing 58 companies that are looking to invest nearly $3 billion and create some 13,000 jobs. While talks about economic development projects are kept very quiet, members of the N.C. General Assembly this week pushed for tax incentives that could land several new projects. On the possible list are two data centers similar to projects North Carolina won from Google and Apple.
The list of potential projects has grown substantially since January when Hayes told Local Tech Wire and WRAL.com that recruiters were on the trail of 45 projects worth some $1.4 billion and possibly creating 10,000 jobs.

Some highlights from his remarks:

“Housing. Healthcare. Cost of living. Climate. Location. Lifestyle. Our quality of life is key when companies choose where they will locate or expand. It is the reason that twice as many of Madhu Beriwal’s [Note: CEO of consulting firm IEM] employees plan to move with their company to our region [from Louisiana] than she anticipated. For IEM, it means the company retains more of its talent, expertise and institutional knowledge. For our region, it means we recruit more talent.

“Knowledge. Talent. Quality of Life. They make us innovative. They make us competitive. They make us different. But they do not make us immune from the worst global economic recession any of us have experienced.

“Yes, the recession caught up with our region. The first year of our new strategic plan, regional employment fell by 46,435. This was a big hit. There is no way to sugar coat it.

"But we are not giving up. We believe those things that differentiate us also position us to win. So, today I want to be clear. Our new strategic plan, The Shape of Things to Come, calls for creating 100,000 new jobs by 2014 and increasing employment in all 13 counties.

"Our goal has not changed. I believe that with your help we can still achieve that goal. I believe we can win.”

For the full text of his remarks,

For the economic report, including charts,

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