Economic Development

(919) 554-1863
112D Wheaton Drive
Youngsville, NC 27596

Economic Development

Economy

Franklin County’s vibrant economy is fueled by the Research Triangle Region’s world-leading life sciences, technology and defense clusters and an innovation-rich environment born more than 50 years ago in the Research Triangle Park. 

Three world-class research universities and numerous private and federal labs attract more than $2 billion a year in federal research funding, fueling discoveries that create new products, services, companies and ultimately, jobs.

Vibrant Life Sciences, Technology and Defense Clusters

The region is among the top three in the nation for life sciences, particularly pharmaceuticals, and the No. 1 vaccine producer in the world. The largest concentration of contract research organizations in the country provides a unique support structure for companies in every stage of product development.

Technology leaders, like SAS Institute, Red Hat and Cisco, create an information technology infrastructure that supports business intelligence, communications and productivity.

Nearby military installations, including Fort Bragg, the largest U.S. Army base in the world and soon-to-be-home to the largest concentration of general officers outside the Pentagon, provide access to military decision-makers and customers that fuel the growth of defense contractors and technology companies.