The Durham Business & Professional Chain (The Chain) bears Durham’s name as part of its legacy. But economically speaking, the organization reflects the dynamics of the entire Triangle region. The Chain’s history from North Carolina’s Jim Crow era to the current millennium attests to the relevance of our organization’s mission and its place in the new global economy. We are open for business and professional development.
The Triangle region holds great promise for those who can participate in its enviable economy and for those who can find a profitable niche. The Triangle’s economic potential has been unfolding for decades as demographic and market trends have boosted some sectors and weakened others. In-migration from other states, immigration, growth of health care and technology sectors and the brain trust of graduates from the region’s educational institutions have created fertile ground for economic development. Opportunities will abound for those who look to the future and who can create solutions for businesses and consumers. Opportunities will also expand for those who understand Durham’s ethnic and racial diversity and can capitalize on it.
Although the future belongs to those who are innovators and problem solvers, technology alone cannot create a sustainable business model. High tech also demands high touch and there will be opportunities for developing those sectors where work can’t be exported. Technology will enhance and redefine relationships in the physical delivery of products and services in ways that are just as exciting and profitable as in the virtual world. The future will require both economic and social capital collaborating in novel ways to bridge the two.
There are issues that are unique to our region that we must begin to solve to ensure the region’s continued vitality. While Durham’s economy is primarily based in the private sector in health care, manufacturing, professional and technical services, retail, hospitality, administrative services and finance, small businesses still dominate our economy. Almost sixty eight percent of the county’s establishments have less than ten employees and almost half have less than five employees. Clearly we are a community of small businesses. Expanding this base will create opportunities for both business and job growth.
We see the growth potential of our small business community as fertile ground from which to expand The Chain’s mission of greater participation in the mainstream economy and job creation. Our focus on entrepreneurship, education, mentoring and leadership will provide even greater competitive advantages in the future. Enlarging the pie increases everyone’s slice.
Durham is growing. There’s no time like the present to join an organization that values your vision, talents and leadership. This is our personal invitation to join the Durham Business & Professional Chain.