Economic Development Merger in North Carolina’s Piedmont Triad Region

July 14, 2010 at 10:04 am Leave a comment

The Piedmont Triad Partnership (PTP) Board of Directors voted to merge the Piedmont Triad Partnership and the Piedmont Triad Leadership Group Executive Committee, a group created and staffed by the PTP. The roster of the new board of directors, as well as officers, will be determined in the coming weeks.

In addition to new officers, the new PTP Board of Directors will include (i) a representative from each of the 12 counties within the jurisdiction of the Piedmont Triad Partnership, (ii) the Chairman of the PTP’s Economic Developers Advisory Committee, (iii) a representative of each company or municipality investing $25,000 or more annually in the PTP, and (iv) at-large members elected by the Board of Directors. The President of the PTP also serves on the Board of Directors as a non-voting member.

“The restructuring was undertaken to unite the existing Piedmont Triad Partnership and the Piedmont Triad Leadership Group Executive Committee, in order to have the strongest regional economic development organization possible in the Piedmont Triad,” says Board Chairman Jim Morgan. “The Piedmont Triad faces huge economic challenges, but we also have huge opportunities. This restructuring will let us take advantages of these opportunities,” Morgan added.

PTP President Don Kirkman noted, “Regions are the most important geographies in the global economy, and the restructuring positions the Piedmont Triad to be a national leader in regional economic development. With the new structure we are in the right place at the right time.”

The Piedmont Triad Partnership (PTP), one of seven regional economic development partnerships in North Carolina, is the economic development organization representing the 12-county Piedmont Triad region. The PTP is the lead organization for the U.S. Department of Labor-funded Workforce Innovation in Regional Economic Development (WIRED) initiative, which supports the development of an integrated regional economic development and workforce development strategy for the Piedmont Triad. The Piedmont Triad, the nation’s 37th-largest metro region with more than 1.5 million residents, includes the counties of Alamance, Caswell, Davidson, Davie, Forsyth, Guilford, Montgomery, Randolph, Rockingham, Stokes, Surry, and Yadkin.

Source: Thunktank

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Entry filed under: Economic Development Merger. Tags: , , .

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