1. Charlotte’s Economy

2. 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” …

3. 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

4. Light rail began with huge success
1978
©PATRICKSCHNEIDERPHOTO.COM

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

6. Uptown Population Surpasses 15,000
©PATRICKSCHNEIDERPHOTO.COM

7. Levine Center for the Arts

8. NASCAR Hall of Fame
©PATRICKSCHNEIDERPHOTO.COM

9. Charlotte Knights and BB&T Ballpark
©PATRICKSCHNEIDERPHOTO.COM

10. 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

11. Charlotte-Mecklenburg
Strong Pattern of Workforce In-Migration
Labor Force Growth:
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

12. Source: U.S. Census Bureau, EMSI
Mecklenburg Population
2010
% Change
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

13. Domestic Net Migration 2010-2013

14. 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%

15. 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

16. 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
Source: The University of North Carolina, 2013.

17. 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

18. 2nd fastest growing city in US…

19. Source: U.S. Census Bureau, EMSI
Mecklenburg Population
2010
% Change
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

20. Hub For Energy Related Companies

21. 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

22. 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.

23. … 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.

24. Foreign Direct Investment in Charlotte

25. 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.

26. 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

27. $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

28. Charlotte: How will the future look?

29. Population Projection 2014-2034

30. 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

31. Many Opportunities in the Next 20 Years

32. Thank you,
Bob Morgan
@CLTChamberBob
charlottechamber.com