Charlotte’s Economy

The New South The phrase “New South” has been buried in such booster flotsam that no one knows what it means, but if there has to be something called the “Museum of the New South” …

The first decade of the 21st century Brought Charlotte to its maturity Population exceeded 960,000 locally and 1.8 million in the region 50,000+ people move to Charlotte annually Charlotte ranked fifth nationally in number of young educated workers moving here Continued high ranks as a city in which to be a part ©PATRICKSCHNEIDERPHOTO.COM

Light rail began with huge success 1978 ©PATRICKSCHNEIDERPHOTO.COM

Second largest financial center City maintained its ranking as second largest banking center Royal Insurance moves to I-77 and Arrowood ©PATRICKSCHNEIDERPHOTO.COM

Uptown Population Surpasses 15,000 ©PATRICKSCHNEIDERPHOTO.COM

Levine Center for the Arts

NASCAR Hall of Fame ©PATRICKSCHNEIDERPHOTO.COM

Charlotte Knights and BB&T Ballpark ©PATRICKSCHNEIDERPHOTO.COM

Charlotte Chamber and the DNC The Democratic National Convention injected $91 million in new spending into the local economy, for a total economic impact of nearly $164 million, according to a consultant’s report. From countless national and international media opportunities we were afforded to the chamber’s role in Legacy Village and beyond, we played a critical role in making Charlotte shine on the global stage. ©PATRICKSCHNEIDERPHOTO.COM

Charlotte-Mecklenburg Strong Pattern of Workforce In-Migration Labor Force Growth: 2003-2013 Charlotte-Mecklenburg North Carolina USA 20% 9% 5% Skilled workers move to Charlotte Charlotte ranks in the top 10 U.S. metros with the most job opportunities per capita Charlotte consistently ranks in the top 10 most popular moving destinations Two factors: quality of life and jobs

Source: U.S. Census Bureau, EMSI Mecklenburg Population 2010 % Change 2000-2010 Total 919,628 32% White 508,946 14% African American 282,804 46% Latino 111,944 149% Asian 42,352 93% Source: U.S. Census Bureau, EMSI

Domestic Net Migration 2010-2013

Population Change Area 2003 Population 2014 Population Change % Change Charlotte MSA 1,841,513 2,385,876 544,363 30% North Carolina 8,422,503 10,061,279 1,638,776 19% Nation 290,107,933 319,344,856 29,236,923 10%

New & Expanded Business 2010-2014 Year Firms Employment Sq. Ft. Millions Investment 2014 1,333 13,134 3.7 $732.20 2013 1,138 11,530 5.7 $854.90 2012 1,180 9,595 6.9 $1,252.70 2011 1,089 8,850 6.2 $669.40 2010 912 10,781 6.4 $1,063.70 Source: Charlotte Chamber new & expanded business announcements

Since 2006 UNC Charlotte has graduated 29,303 graduate students. University of North Carolina at Charlotte Since 2006 UNC Charlotte has graduated 29,303 graduate students. Graduate Students Master’s Degrees Ph.D.s awarded 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 Source: The University of North Carolina, 2013.

Charlotte Douglas International Airport Airport adds additional flights as others cut back Third parallel runway opens Airport receives IATA award for “Best Airport” Some new international flights include: Rome, Ottawa and London Heathrow New seasonal international flights include: Barcelona, Brussels, Lisbon and Manchester

2nd fastest growing city in US…

Source: U.S. Census Bureau, EMSI Mecklenburg Population 2010 % Change 2000-2010 Total 919,628 32% White 508,946 14% African American 282,804 46% Latino 111,944 149% Asian 42,352 93% Source: U.S. Census Bureau, EMSI ©PATRICKSCHNEIDERPHOTO.COM

Hub For Energy Related Companies

Health Care Continues to Grow Premier moves corporate headquarters to Charlotte One of the nation’s largest and most comprehensive systems Ranked as being in the nation’s top 5% of magnet health care centers

Jobs, Jobs … In Dec. 2009: 215,900 sq. ft., 738 jobs and $8.3 million in investment In Dec. 2013: 810 jobs, $85 million investment The expansion calls for new construction of a second building adjacent to the existing headquarters. Features of the new six-floor, 375,000-square-foot building will include LEED certification, solar panels, a roof garden and a courtyard.

… And More Jobs In July 2014, Sealed Air announced it will relocate its headquarters from New Jersey to Charlotte and create 1,262 jobs. Sealed Air, No. 345 on the 2014 Fortune 500 list, will establish its global headquarters and its research and development divisions in Charlotte.

Foreign Direct Investment in Charlotte

Number of Companies and Employees by Country Foreign-Owned Firms Number of Companies and Employees by Country Country Companies Employees Germany 191 14,364 United Kingdom 120 6,038 Canada 92 4,972 Japan 80 5,176 France 61 5,479 Switzerland 55 2,864 Italy 51 2,072 Netherlands 47 3,463 Sweden 35 2,482 China 32 1,313 Australia 20 776 Ireland 17 3,357 Belgium 14 8,136 India 12 71 Source: Charlotte Chamber of Commerce.

139,000 69,000 70,000 Economic Impact — Employment Direct Employment Indirect Employment Total Employment Direct employment of FDI is 5.3 percent of total employment in the Charlotte MSA Source: Implan

$10.8bn $4.5bn $6.3bn Economic Impact — Wages Direct Wages Indirect Wages Total Wages Direct wages of FDI is 12.8 percent of total wages in the Charlotte MSA Source: Implan

Charlotte: How will the future look?

Population Projection 2014-2034

Charlotte MSA in 2033: 3.0 million + Who Looks Like This Today? Charlotte MSA in 2033: 3.0 million + Detroit 4.3 million Seattle 3.6 million Minneapolis 3.5 million San Diego 3.2 million Tampa 2.9 million St. Louis 2.8 million Source: U.S. Census Bureau

Many Opportunities in the Next 20 Years

Thank you, Bob Morgan @CLTChamberBob 704.378.1300 charlottechamber.com