Quiet but, Steady Change Insures a Stable Economy for Charlotte
CHARLOTTE NC — Just a few short years ago, Charlotte was most known as a banking center; in fact, the second largest in the US, second only to New York City. In years prior to that, however, Charlotte was a major textile center due to her central locale, and has even had her name associated with big industry in even more recent years.
As the economy changes, so does Charlotte. Beginning in 2008, Charlotte officials began to recognize that the housing crisis was going to have a huge impact on our major industry, banking. Very quickly Uptown commercial vacancy rates went from a very comfortable 2.5% to a stunning 13.5% vacancy rate. Charlotte leaders began to focus on industry sectors that had previously been recruited and seemed to be growing industry, such as military contracting, aerospace and energy. The work began and we have since seen a joint effort by our Charlotte leaders as well as Governor Beverly Purdue with major success in turning our local economy around:
- In 2010, BAE Systems of Britain, with their United States
base is in Arlington, Va., committed to opening a human resources and
finance center in Charlotte, creating 176 new jobs for the area.
- In March, plans to expand the energy sector was supported when
Governor Perdue unveiled a major economic investment by Siemens
- The Shaw Group and Areva made major changes and
expansions in and around the city.
- In September, ABB announced 100 new jobs coming to Huntersville
- Babcock & Wilcox, the energy engineering company based in
Lynchburg, Va., moved its headquarters and added 130 jobs here.
- Celgard Announces Expansion in Charlotte and Concord
- Another Fortune 500 Company, SPX announced plans to expand, creating 180 new
jobs in Charlotte NC in the Ballantyne area.
- More uplifting Charlotte
economic news came with Toshiba’s announcement: More Energy Jobs Announced by Toshiba
The Duke Energy Center with 1.3 million square feet over 48 stories and is now 97 percent occupied. The Duke name has become synonymous with growth and is associated in enormous measure with Charlotte’s ability to move beyond a banking center and into other, growing industries.
Charlotte’s vast economic growth will be on display for all of the world to see in September 2012, with the Democratic National Convention being held here. Charlotte is expecting some 35,000 visitors and anticipate generating approximately $150 million. I fully expect to see quite a few attendees appreciate the beauty of our city and ultimately decide to call Charlotte home!
Charlotte Real Estate and Relocation Specialist
Debe Maxwell offers many years of experience helping those relocating to the Charlotte area as well as providing an aggressive marketing strategy for homes for sale in Charlotte. If you’re relocating to Charlotte, Debe will help you locate the perfect Charlotte neighborhood first, then locate the perfect home for sale which perfectly fits your lifestyle and your budget.
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Debe knows Charlotte real estate. Let The Maxwell House Group and Debe do the work for YOU!