10 Year Growth of New Business

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The past decade of economic development in Charlotte-Mecklenburg totals more than $11 billion in announced new businesses. This investment by 6,790 firms created jobs for 56,338 people and absorbed 108 million square feet of floor area.

The following summary lists major new business announcements since 2000. In this ten year period, significant announcements have included ABB Group, Citco Fund Services, Designline International, Aloft Hotel, IKEA, Charlotte School of Law, Bank of America Office Tower, The Ritz Carlton, The NASCAR Office Tower, Prairie Packaging, US National Whitewater Center, Rubbermaid, Johnson & Wales University, Bobcats NBA Franchise, SPX, Carlisle Companies, Billy Graham Evangelistic Association, Goodrich, Neighborhood Assistance Corporation of America and Zenta.

 

Year Announced Firms New Employment Square Ft. (Mil.) Investment (Mil.) Highlights
2010 634 3,757 3.1 330.6 Citco Fund Services, ABB Group Siemens Nuclear Instrumentation & Control, FCR Recylcing/Forsite Development, Linet Americas
2009 526 5,118 5.2 1,828.50 Neighborhood Assistance Corporation of America, Zenta, GMAC Financial Services, Husqvarna, Siemens Energy, Diagnostic Devices, North Lake Business Park, Electrolux, Premier
2008 757 4,701 19.7 $1,138.40 IBM Lender Business Process Services, Designline International, Areva, Aloft Hotel, Village at Lake Norman, Doosan, Cefla America, Hotel Sierra, Sykes Industrial Park West
2007 863 5,954 18.3 $885.10 IKEA, Convergys, Shaw Group Inc, Charlotte School of Law, Carolinas Healthcare: Levine Children's Hospital, Ballantyne Corporate Park, Southfair Plaza, Fountainhead Stoneworks
2006 586 5,554 14.7 $2,853.30 Bank of America Office Tower, NASCAR Office Tower and Hall of Fame, Rubbermaid, Shutterfly Inc., Greyson Ridge, Mountain Island Promenade, Prosperity Pointe, Silver Landing
2005 562 5,667 7.2 $853.30 Ritz Carlton, Prairie Packaging, Pulte Mortgage, Neiman Marcus, ScentAir, Chelsea Therapeutics, Kontane Logistics, Ruth's Chris Steakhouse, McCormick and Schmick's
2004 632 5,547 13.1 $703.30 Morton's Steakhouse, U.S. National Whitewater Center, Blue Bell Ice Creamery, Contractor Yard, Whole Foods, First National Bank of Arizona
2003 862 9,719 7.7 $904.80 General Dynamics Armament & Technical Products, Steele Creek Place, Elizabeth Project, The Arbors at Mallard Creek, Wilkinson Park Business Center, Galyan's, Millennium Square
2002 692 5,612 9.2 $1,441.40 NBA Franchise, Johnson & Wales University, Crosland's West Side Project, North Crest Development, Pinnacle Point Development, PCI Wedeco, The Cheesecake Factory
2001 676 4,709 10.6 $881.20 SPX, Carlisle Companies, Billy Graham Evangelistic Association, Davidson/30 Building, Torringdon II development, Floyd Smith Building, Beltway Business Park Office
Total
(2001-2010)		 6,790 56,338 108.8 $11,020.50