The Kerr Tar Hub
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Transcript of The Kerr Tar Hub
![Page 1: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/1.jpg)
![Page 2: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/2.jpg)
www.kerrtarhub.org 2
The Challenge: An Economy in Decline
• Job losses • High unemployment • Low per capita income
![Page 3: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/3.jpg)
www.kerrtarhub.org 3
Growth Businesses • Use new technology in new ways
• Use R&D to innovate • Invest in work force
![Page 4: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/4.jpg)
www.kerrtarhub.org 4
The Opportunity: Growth Companies
• Spinoffs from regional growth industries, such as pharmaceuticals
• Advanced manufacturing products of all types
• Entrepreneurial companies, startups
![Page 5: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/5.jpg)
www.kerrtarhub.org 5
Opportunity is all around us
![Page 6: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/6.jpg)
www.kerrtarhub.org 6
Opportunity is all around us
![Page 7: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/7.jpg)
www.kerrtarhub.org 7
Opportunity is all around us
![Page 8: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/8.jpg)
www.kerrtarhub.org 8
Opportunity is all around us
![Page 9: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/9.jpg)
www.kerrtarhub.org 9
Opportunity is all around us
![Page 10: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/10.jpg)
www.kerrtarhub.org 10
Opportunity is all around us
![Page 11: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/11.jpg)
www.kerrtarhub.org 11
Opportunity is all around us
![Page 12: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/12.jpg)
www.kerrtarhub.org 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
![Page 13: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/13.jpg)
www.kerrtarhub.org 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
![Page 14: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/14.jpg)
www.kerrtarhub.org 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
![Page 15: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/15.jpg)
www.kerrtarhub.org 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
![Page 16: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/16.jpg)
www.kerrtarhub.org 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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www.kerrtarhub.org 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
![Page 18: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/18.jpg)
www.kerrtarhub.org 18
How you can help • Stay informed: www.kerrtarhub.org • Share your ideas and contacts • Let local officials know you support this investment
![Page 19: The Kerr Tar Hub](https://reader031.fdocuments.in/reader031/viewer/2022020106/55a95d431a28ab89138b45d2/html5/thumbnails/19.jpg)
www.kerrtarhub.org 19
What do you think?