Charlotte Mecklenburg New and Expanded Business

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Destination: Charlotte. Spring is in the air, and the city continues to attract businesses from all over the country and across the world. Five foreign companies, seven headquarters operations and more than 
250 other firms combined to bring the fourth-best quarter for job announcements in 12 years.

The area continues to be a destination for people, too. Mecklenburg County is the third fastest-growing large metropolitan county in the country; it is projected to surpass 1 million residents this year. Workforce and employment growth have been equally positive since the recession, both expanding at more than 
3 percent for each of the last three years.

Charlotte is now the core of the fifth fastest-growing large metropolitan area encompassing 10 counties comprised of 2.3 million residents. The rapid rise of our metro area is a direct result of the development Charlotte has seen over the past 10 years. The city remains the economic engine that continually drives regional growth and prosperity. The airport served a record 41 million passengers last year, home sales are nearing pre-recession levels, home prices and retail sales continue to rise and companies are recognizing that Charlotte is a city poised for the future.

Notable announcements this quarter include AllFit with 50 jobs, 165,808 square feet and $7.6 million in investment; AREVA with 130 jobs, 15,000 square feet and $2.4 million in investment; MetLife with 1,386 jobs, 341,000 square feet and $40.6 million in investment; Rack Room Shoes with 87 jobs, 150,000 square feet and $16.3 million in investment; and XPO Logistics with 287 jobs, 45,000 square feet and $1 million in investment. 

First Quarter 2013 Summary of New and Expanded Business

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This quarterly report is available at the Charlotte Chamber for $10 per copy.  For further information please call 704.378.1300.  

Prepared by: Andrew Bowen, Madeline Caryl and Ann Woo.