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Research Triangle Park (RTP)

Research Triangle Park (RTP) is the largest research park in the world. It is located near Durham, Raleigh and Chapel Hill, in the Research Triangle region of North Carolina . It is one of the most prominent high-tech research and development centers in the United States and is often compared to Silicon Valley . It was created in 1959 by state and local governments, nearby universities, and local business interests. The park is 7,000 acres (28 km˛) situated in a pine forest with approximately 530 acres for development. As of 2007, there are over 130 R&D facilities existing in RTP with more than 39,000 employees working for a total of 157 organizations. The park is home to one of the largest IBM operations in the world; the company has around 11,000 employees in RTP. The park hosts one of GlaxoSmithKline's largest R&D centres with approximately 5,000 employees.