Business Location Profile - Charlotte Regional Partnership

Transcription

Business Location Profile
Regional Overview
What
is
Charlotte USA?
The Charlotte region continues to strengthen its position as one of the most dynamic and diversified locations in
North America. This 16-county region – 12 in North Carolina and four in South Carolina – is home to more than 950
foreign-owned firms, eight Fortune 500 company headquarters and a growing population of more than 2.8 million
residents.
• 16 counties spanning North Carolina and South Carolina
•
Equidistant between Miami and New York City
•
Population 2.8 million; workforce 1.4 million (US Census, 2014)
•
Second largest financial center in U.S.
•
Eight Fortune 500 headquarters
•
Heart of I-85 Corridor; highest concentration
of manufacturing in the Carolinas
•
Charlotte is the 17th largest U.S. city (Census, 2014)
•
Largest concentration of international business
in the Carolinas
•
World’s sixth busiest international airport (ACI, 2013)
•
Cost of living currently 95.0% of the U.S. average
and among the lowest in the South (C2ER, 2014)
•
Charlotte metro area ranked eighth fastest growing metro
(2013-2014 Forbes Magazine)
“Charlotte and its sister communities are one region, one economy, one environmental area, one society.”
- The simple premise for the foundation of Charlotte’s regional success, The Pierce Report 1995.
77
85
Winston-Salem Greensboro
Asheville
95
High Point
Statesville
26
Raleigh
40
85
Charlotte
Greenville
Fayetteville
Spartanburg
85
Morehead City
77
95
26
20
Wilmington
Florence
Columbia
Myrtle Beach
20
26
CharlotteUSA
Major cities
95
Charleston
Ports
Savannah
For more information, call 704.347.8942 | charlotteusa.com
1
Regional Overview
Business Strength
•
Home to eight Fortune 500 headquarters
•
Second largest financial center in nation; home to Bank of America, largest U.S. bank
•
Lowest unionization rates in country; North Carolina and South Carolina have 1.9% and 2.2% membership
rates respectively (Bureau of Labor Statistics, 2014)
•
Diversified economy with strengths in manufacturing, corporate services and logistics
•
More than 950 foreign-owned firms operating in the region, representing nearly 50 countries
•
Electricity rates among lowest in Southeastern U.S., with the Carolinas averaging 9.02 cents per kWh across
all sectors while U.S. average is 10.15 (US Energy Information Administration, 2014)
•
Highest concentration of medical device manufacturers in the Carolinas
•
90% of all NASCAR motorsports teams located within 50 miles of Charlotte
•
More than 15,000 DoD contractors operating within region since 2000 (GovernmentContractsWon)
“Charlotte’s desirable geographic location in the Sun Belt, close access to the ports of Charleston and Savannah
and Charlotte’s air hub status, which makes for easy access to all the major cities in the U.S.” “With its heavy influx
of migration from other cities to Charlotte, the city provides for a vast pool of versatile workforce from all
backgrounds and work experiences.”
- Francis Tsai, Jetion Solar (US) Corp
Cost per SF: Downtown Office Space
Cities with 15 or more Fortune 1000 HQs
Washington, DC
$53.43
San Francisco, CA $66.41
New York, NY
114
Miami, FL
$35.45
Dallas, TX
$21.42
Chicago, IL
62
Boston, MA
23
Boston, MA
$50.33
Los Angeles, CA
$35.52
Houston, TX
46
Bridgeport, CT
19
New York, NY
$51.97
Houston, TX
$37.75
Dallas, TX
38
Denver, CO
19
Chicago, IL
$34.55
Charlotte, NC
$24.92
Los Angeles, CA
32
St. Louis, MO
18
San Jose, CA
31
Detroit, MI
17
Washington, DC
30
Charlotte, NC
15
Atlanta, Ga
27
Pittsburgh, PA
15
Minneapolis, MN
26
Seattle, WA
15
Philadelphia, PA
26
Source: CB Richard Ellis, 2014 Q4
San Francisco, CA 24
Source: Fortune 1000, 2014
2
Regional Overview
Recent Announcements
•
Sealed Air, a Fortune 500 company, is establishing its new global headquarters in Charlotte. The company
plans to create 1,262 jobs.
•
Alevo Inc. , an energy service provider, is opening a new 3.5 million-square-foot facility in Concord, NC (Cabarrus County). The firm, which focuses its efforts on battery storage technology and GridBanks, is creating 2,500
jobs and investing $1 billion.
•
Giti Tire, the 10th largest tire company in the world, is establishing its first North American manufacturing facility
in Chester County. The company plans to invest $560 million and create 1,700 jobs.
•
MetLife Inc, an insurance and brokerage firm, has made a recent $125 million expansion in NC and plans to
bring 1,300 jobs to Mecklenburg County. Soon after, the company announced it will establish its U.S. Retail
business headquarters to the county
•
Earth-Kind Inc, a “green” per control-products business, is opening a Mooresville, NC plant that will creating
380 jobs and investing $5.8 million.
•
Gordon Food Service, a food service distribution company, is creating 275 jobs in Cabarrus County. The company is building a new distribution center
Most Cost-Friendly
CEO Magazine’s Best
and investing $58 million.
Business Locations
States to do Business
•
Keer, a Chinese textile company, is creating
500 new jobs in Indian Land, SC by building
a yarn manufacturing facility. The company
will also be investing $218 million and have
a 218,000-square-foot facility.
1
Atlanta, GA
1
TX
2
Cincinnati, OH
2
FL
3
Orlando, FL
3TN
4
Charlotte, NC
4NC
9LA
5
San Antonio, TX
5SC
10GA
Red Ventures, an internet marketing company, in a series of recent expansions, has
announced the addition of 290 jobs to its
Lancaster County campus with the addition
of a third building to its facilities.
6
Tampa, FL
7
Cleveland, OH
8
Pittsburgh, PA
9
St. Louis, MO
10
Phoenix, AZ
•
Source: KPMG 2014
Ranks metros with a cost index for 31
largest U.S. cities
6
IN
7AZ
8NV
Source: CEO Magazine, 2014
More than 500 CEOs evaluated their
states on issues including education
and infrastructure. CEOs were also
asked to grade each state based on 1)
Taxation & Regulation, 2) Workforce
Quality, and 3) Living Environment.
3
Regional Overview
Accessibility
•
Reach 60% of U.S. market in 24 hours
•
Central location on eastern seaboard
•
Charlotte Douglas International Airport (CLT) is nation’s
sixth busiest airport
•
Intersection of I-85, I-77 and I-40 provides convenient
highway access to points north, south and west
•
CSX and Norfolk Southern run 43,000 track miles of rail and
service 600 trains weekly; short rail lines service rural areas.
New speed train projet
•
All major trucking companies represented
•
Port access to Charleston, Wilmington, Morehead City,
Savannah, and Norfolk accessible via rail or truck within five
hours
•
Foreign Trade Zone (FTZ) #57 operates locally to reduce taxes
and fees, and expedite customs process for imports/exports
•
Two inland intermodal terminals operated by the NC State
Ports Authority with service to Wilmington
•
Over 400 logistics firms and more than 150 distribution centers call the region home
“Charlotte and the Carolinas is an area we feel will have a lot of international business expansion in the
coming years.” “We’ve always served the Carolinas out of Atlanta. But now our customers are asking
us to be out there.”
- William Kessler, Busines Development Exeuctive, Dimerco Express (USA) Corp
Foreign Trade Zone #57 Economic Benefits:
•
•
Merchandise may be manipulated, used
in a manufacturing process, inspected,
combined with other materials, displayed
for sale and/or re-exported without
payment of duty.
Savings on personal property, sales
and use taxes are possible since state
and local governments generally do not
impose such taxes on items in an FTZ.
•
Additional savings on interest, labor and
shipping costs may also result.
•
The FTZ is subject to Customs
supervision and security procedures,
saving the FTZ users, expenses for
security and insurance.
77
85
Durham
Asheville
40
Greenville
Raleigh
85
CLT Intermodal
Facility
Charlotte
New Bern
Fayetteville
Greenville
Rockingham
Spartanburg
85
Jacksonville
Morehead City
77
95
26
20
Wilmington
Florence
Columbia
Myrtle Beach
20
26
95
Charleston
CharlotteUSA
Major cities
Ports
CLT Intermodal Facility
Savannah
4
95
High Point
Statesville
26
Regional Overview
Charlotte Douglas International Airport (CLT)
•
Ranked sixth busiest in the world
•
10 major airlines; 7 regional carriers
•
Nonstop service to 159 destinations including direct
international service to London, Frankfurt, Munich,
Paris, Toronto, Mexico City, and Barcelona
•
Over 500,000-sf of warehouse space in Charlotte
Air Cargo Center
•
20 cargo carriers
•
712 daily departures
•
•
Second largest American Airlines hub airport
•
Intermodal facility opened in December 2013;
capable of 200,000 lifts annually and transfers
containers between trucks and trains; managed by
Norfolk Southern
Domestic freight and international freight services
to/from Europe, Middle East, Far East, South
America and Mexico
•
Major hub for small package express
•
Starting an envionrmental impact study, which will
enable it to start building a fourth, 12,000-foot-long
parallelel runway. The study will take at least three
years and construction can start after it is complete.
•
In 2014, 44.3 million people travel through the
airport
•
3rd parallel runway allows CLT to be third airport in
U.S. with simultaneous landing capacity
•
Fixed base operator located on site with 50 acres
of facilities and more than 40 tenants, including 4
Fortune 500 companies
Daily Non-stop and Single Plane Air Service from Charlotte
Largest U.S. Airports, ranked by total operations
1
Hartsfield-Jackson Atlanta Intl Airport
6
Charlotte Douglas International Airport
2
Chicago O’Hare Intl Airport
7
McCarran International Airport
3
Dallas/Fort Worth Intl Airport
8
George Bush Intercontinental Airport
4
Denver Intl Airport
9
Sky Harbor International Airport
5
Los Angeles Intl Airport
10
Philadelphia International Airport
Source: Airports Council International 2014
5
Regional Overview
Quality
of
Life
•
Mild four-season climate with average of 214 days of sunshine each year
•
37 colleges and universities with 50+ campuses spread
throughout region
Carolina Panthers
Sept-Dec
Charlotte Hornets
Oct-April
Cost of living 95.0% of national average (C2ER, 2014)
NASCAR All Star Race
May
Top healthcare amenities, including Carolinas Healthcare
System, one of the largest public healthcare systems in the U.S.
Coca-Cola 600/Speed Street
May
Wells Fargo PGA Championship
May
Charlotte Knights/AAA Baseball
April-Sept
Charlotte Checkers/Hockey
Oct-Feb
CIAA Tournament/Basketball
March
•
•
•
Average housing cost for 4 bedroom, 2 bath home listed
at $253,000 (C2ER, 2014)
•
Beaches and mountains accessible within 3 hours
•
Charlotte USA Sporting Events
Belk Bowl
Dec
Never more than one plane change away from any
global destination
Thunder Road Marathon
Dec
Queen’s Cup Steeplechase
April
•
25+ galleries and bimonthly gallery crawls
NASCAR Bank of America 500
Oct
•
Variety of restaurants fueled by graduates of the Charlotte-based Johnson & Wales University
“Aside from the great culture that Dixon Hughes Goodman LLP offers, the western North Carolina
location is a huge selling point for our firm. After an interview with our people, a quick tour through our
vibrant downtown or a scenic ride on the Blue Ridge Parkway, the only question they ask is when they
can start.”
- Adrian Vassallo, Regional Marketing Manager, Dixon Hughes Goodman LLP
Charlotte USA Attractions
Carowinds Amusement Park
NASCAR Hall of Fame
Discovery Place Interactive Science Museum
3 NC and 5 SC State Parks
ImaginOn
Carolina Thread Trail
Charlotte Film Festival
NC Transportation Museum
U.S. National Whitewater Center
Mint Museum of Art
Carolina Raptor Center
Blumenthal Performing Arts Center
Daniel Stowe Botanical Gardens
Afro-American Cultural Center
The Knight Theater
Spirit Square Center for the Arts
Children’s Theater of Charlotte
Two National Wildlife Refuges
Charlotte Motor Speedway
6
Regional Overview
Quality
of
Life
Best Cities for High Pay and Low Expenses
Fastest Growing Big Cities from
2010 - 2013
1
Charlotte, NC
1
2
Atlanta, GA
2
Charlotte, NC
3
Austin, TX
3
Denver, CO
4
Houston, TX
4
Washington, DC
Colorado Springs, CO
5
Seattle, WA
6
Forth Worth, TX
7
San Antonio, TX
8
San Jose, CA
9
Nashville, TN
10
Dallas, TX
5
Source: Yahoo Finance, 2014
Austin, TX
Source: U.S. Census Bureau, 2014
Top 10 N.C. & S.C. High Schools in Charlotte USA
5
Butler HS
Matthews, NC
7
South Mecklenburg HS
Charlotte, NC
9
Cox Mill HS
Concord, NC
Source: U.S. News & World Report 2014, Best High Schools Rankings
Criteria used to determine ranking by state include performance on state proficiency tests on reading
and math, performance of economically disadvantaged students, AP or IB test performance, and
College Readiness Index based on AP/IB participation rate.
7
Regional Overview
Quality
of
Life
Average
Apartment Rent
Average
Home Price
New York
Average
Apartment Rent
Average
Home Price
$3,907
$1,363,999
Phoenix
822286,167
Washington, DC
2,001
783,055
Salt Lake City
889
281,418
Los Angeles
2,303
590,600
Las Vegas
903
334,283
Newark
1,532509,351
Detroit
951261,814
Boston
2,082509,633
Atlanta
1,012301,877
Philadelphia1,300
407,371
Houston 1,278285,562
Chicago 1,163425,000
Charlotte 859253,000
Denver
Cleveland 957276,621
1,225377,241
Minneapolis1,109 341,668
Dallas
843216,348
Miami, FL
Memphis
737200,211
1,300
357,091
Source: C2ER 2014 Third Quarter Cost of Living Survey
Affordability of Top 20 Major Hub Airport Cities, 2012
100 = U.S. average
NEW YORK NY, US(LGA)
NEW YORK NY, US(JFK)
SAN FRANCISCO CA, US(SFO)
Top U.S. Airports (ranked by movement)
BOSTON MA, US(BOS)
LOS ANGELES CA, US(LAX)
NEWARK NJ, US(EWR)
PHILADELPHIA PA, US(PHL)
CHICAGO IL, US(ORD)
MIAMI FL, US(MIA)
MINNEAPOLIS MN, US(MSP)
DENVER CO, US(DEN)
DALLAS/FORT WORTH TX, US(DFW)
LAS VEGAS NV, US(LAS)
DETROIT MI, US(DTW)
ATLANTA GA, US(ATL)
PHOENIX AZ, US(DVT)
PHOENIX AZ, US(PHX)
SALT LAKE CITY UT, US(SLC)
HOUSTON TX, US(IAH)
CHARLOTTE NC, US(CLT)
0
50
100
Source: C2ER 2014 Annual Cost of Living Survey
8
150
200
250
Regional Overview
Economy
•
•
22nd largest regional U.S. economy (BEA, 2013)
•
Charlotte metro area is in the top 5% fastest growing metro in the nation since 2000 (Census)
•
Workforce of 1.4 million people (ESRI 2015)
•
Average production salary 2% lower than national average (EMSI, 2014)
•
Average housing costs 15% lower than national average (C2ER 2014)
•
37 colleges, universities and community colleges with 51 campuses throughout the 16-county region
•
High marks consistently cited among recently relocated firms for favorable business climate
Fortune 500 HQS
Note: Headquarters of Fortune 1000 companies include SPX Corp., CommScope Holding, Babcock and Wilcox, Curtis-Wright, Belk, Carlisle, Babcox &
Wilcox, American Tire Distributors, and Resolute Forest Produucts.
Metropolitan Area GDP, Southern Metro Areas
Atlanta-Sandy Springs-Marietta, GA (MSA)
Charlotte-Gastonia-Rock Hill, NC-SC (MSA)
Nashville-Davidson-Murfreesboro-Franklin, TN…
Virginia Beach-Norfolk-Newport News, VA-NC (MSA)
Richmond, VA (MSA)
Memphis, TN-MS-AR (MSA)
Jacksonville, FL (MSA)
Raleigh-Cary, NC (MSA)
Source: Bureau of Economic Analysis, 2014
9
Regional Overview
INC. 5,000 Fastest-Growing Private Companies
in Charlotte USA
Top Ten Competitive States
120
Boxman Studios
Charlotte, NC
223
PresPro
Harrisburg, NC
227
Cloudbilt
Charlotte, NC
390 Titan Electric Company
Charlotte, NC
407
Rapier Solutions
Matthews, NC
450
In-Flight Crew Connections
Charlotte, NC
456
T1Visions
Charlotte, NC
5Ohio
680
ProvidaStaff
Huntersville, NC
6
South Carolina
Tennessee
1
Georgia
2
Lousiana
3
North Carolina
4
Texas
746 Oakmont Home Builders
Charlotte, NC
7
832
The Darton Group
Charlotte, NC
8
Kentucky
1118
CCS Construction Staffing
Charlotte, NC
9
Alabama
1266
SnapAV
Charlotte, NC
10Virginia
1277
The Brixton Group
Waxhaw, NC
1352
Park Avenue Properties
Cornelius, NC
1524
United Global Technologies
Charlotte, NC
1617
SouthEnd Exteriors
Charlotte, NC
1940
Impact Financial Systems
Davidson, NC
1988
MSIGHTS
Charlotte, NC
2245
Verigent
Mooresville, NC
2273
AvidXchange
Charlotte, NC
2292
AccruePartners
Charlotte, NC
2323
Ettain Group
Charlotte, NC
2375
Imagine Software
Charlotte, NC
2387
Wyndham Capital Mortgage Charlotte, NC
2432
C5 Insight
Charlotte, NC
2490
Syntelli Solutions
Charlotte, NC
2516
Jackrabbit Technologies
Huntersville, NC
2537
Transportation Insight
Hickory, NC
2628
Waypoint Solutions Group
Charlotte, NC
2769
The TharpeRobbins Company
2875
Anita Goodesign
Source: Site Selection Mag.,2014
Rankings determined by announced capital
investment in total and per capita, the
number of Natiaonl Career Readiness Certificates, expanded and new facilities, jobs
created, tax climate, among others.
Forbes Best Metro Areas for
Jobs
1
San Francisco, CA
2
Nashville, TN
3
Salt Lake City, UT
Statesville, NC
4
Fort Worth, TX
Charlotte, NC
5
Houston, TX
Charlotte, NC
6
Dallas, TX
2976
Red Moon Marketing
3022
HMS Worldwide
Cornelius, NC
7
San Jose, CA
3162
Thinkgate
Charlotte, NC
8
Charlotte, NC
3191
Jetpool
Charlotte, NC
9
Denver, CO
3256
Infinisource
Charlotte, NC
10
Austin, TX
3274
Dynamic Design Solutions
Fort Mill, SC
3312
Internetwork Engineering
Charlotte, NC
3344
Fab Fours
Lancaster, SC
3439
The Remi Group
Charlotte, NC
3600
AmWINS Group
Charlotte, NC
3762
LB&A, Certified Public Accountants
Matthews, NC
3840
GoodMortgage.com
Charlotte, NC
3932
Stablenet
Charlotte, NC
4017
Bull Engineered Products
Charlotte, NC
Source: Forbes 2013
Ranked MSA based on employment, recent growth
trends, mid-term growth, long-term growth, and region’s
momentum.
Source: Inc. 5000, 2014
The 5000 fastest growing companies
10
Regional Overview
Center
of
Finance
•
Second-largest banking capital in U.S.
•
Bank of America, the nation’s largest bank, is headquartered in uptown Charlotte
•
White collar jobs outnumber blue collar jobs 2 to 1
•
27 percent of all IT workers in the Carolinas are located in Charlotte USA (EMSI, 2014)
•
Operating costs below the national average; urban amenities and downtown location at fraction of cost of major
U.S. banking cities
•
Attractive quality of life that rivals larger, urban markets
•
Local universities specialize in e-commerce and Internet security, partnering with the business community to
meet growing needs of finance and insurance sector
Center
of
International Business
•
Largest concentration of foreign-owned firms (950+ companies) and international community in Carolinas
•
Highest concentration of foreign firms owned by German, United Kingdom and Canadian parent companies
•
If the Carolinas were a country, it would be the 17th largest economy in the world (BEA)
•
More than 40 languages found spoken in the region
•
45+ business and cultural organizations developed to support local international community
•
K-12 language immersion programs in French, German, Mandarin Chinese, Spanish,
Italian, Portuguese, and Japanese (NC & SC Dept. of Education)
•
Active Sister City programs with cities in the EU, Asia and South America
•
Eleven honorary foreign consuls located in the region
•
More than 680 daily departures to 154 non-stop destinations with daily flights to 34 international
cities from Charlotte-Douglas International Airport, including Frankfurt, London, Munich,
Paris, Toronto, Mexico City, Rome, Madrid, and Dublin
•
Active Foreign Trade Zone #57 with 16 subzones throughout the region
•
NC ranked ninth in the nation with 206,700 employees at foreign U.S. affiliates
More than 950 Foreign-Owned
Firms in Charlotte USA
Source: Charlotte Regional Partnership
and Charlotte Chamber of Commerce
11
Regional Overview
Center
of
Logistics
•
Logistics industry includes 150+ distribution centers representing nearly 24 million square feet of distribution space
(OneSource)
•
Convenient, reliable access to highway, air and rail transportation without the hassles of weather-related closings
•
Charlotte Douglas International Airport (CLT)
can be reached from anywhere in the 16-county region within one
hour
•
75% of industrial parks within 5 miles of an interstate
•
Availability of skilled workforce in low
unionization environments
Proximity to Major U.S. Markets
Minneapolis
Denver
2000 Miles
•
•
•
Two inland intermodal terminals operated by the NC State Ports
Authority with service to Wilmington
Boston
Detroit
Chicago
New York City
Washington, D.C.
Cincinatti
1500 Miles
1000 Miles
500 Miles
Los Angeles
Memphis
Atlanta
Phoenix
Savannah
Dallas
Intermodal access including CSX and Norfolk Southern with
access to Port of Charleston, Norfolk, and Savannah
Houston
Miami
Third party freight major logistics firms including Mersk, Kuehne
& Nagel, and XPO Logistics
“We are very excited about bringing this new manufacturing plant online. This will be the most
technologically advanced plant of its type in the world. York County Natural Gas Authority has offered
us a building which suits all of our needs and York County offers an ideal business environment and
the availability of an excellent workforce. We appreciate all of the support that we have received from
Carolina First Bank, the state of South Carolina and York County officials.”
- Christopher Clickner, Vice President, PermaShrink Co, Inc
Center
of
Manufacturing
•
•
Center of I-85 manufacturing corridor with interstate frontage
property still available
•
Former textile, tobacco and furniture industries have transformed to
advanced manufacturing economy; value-added GDP higher than
national average
•
•
12
Concentration of manufacturing employment in the Carolinas,
representing 9 percent of total employment; above the national
average of 7 percent (EMSI, 2014)
North Carolina and South Carolina are Right to Work States; lowest
unionization rates in the U.S.
Average wage for production occupations 2% below the national
average (EMSI, 2014)
•
Centers of research at Charlotte Research Institute and the Polymers
Center of Excellence
•
On-site custom training available through local community colleges
•
NC fifth- and SC eighth-ranked states with Top Work Force Training
Programs by Business Facilities (2012)
79
81
7.67¢
64
9.46¢
85
77
40
8.71¢
40
26
85
9.33¢
95
20
9.42¢
16
Average Electricity
Rates for All Sectors,
by Southeastern States
75
10
95
4
11.00¢
Source: Energy
Information Administration,
November 2014
Regional Overview
Center
of
Entertainment
•
Home to professional sporting events for motorsports, football, basketball, golf, baseball, hockey, whitewater
rafting, and swimming
•
Charlotte only one of 5 U.S. cities with all major team sports represented downtown
•
SpeedChannel, ESPN, Inspiration Network, and NASCAR media produce TV, radio, Web segments and shows
from local production studios
•
NASCAR Hall of Fame
•
Economic impact of local film/TV production activity estimated to be over $500 million since 2008
•
Annual film festivals held in the region to showcase independent filmmakers such as; the Charlotte Film
Festival, Charlotte Jewish Film Festival, Projecting Hope Film Festival, and the Real to Reel Film Festival
•
Entertainment venues include performing arts centers, museums, art studios, concert halls, arenas, public
parks and outside amphitheaters
•
Carolina Thread Trail system being created to link 15 counties and over 2 million people with hundreds of miles
of hiking, biking and running trails throughout region
•
Cultural arts centers include Mint Museum of Craft + Design, Harvey Gantt Cultural Center, McColl Visual Arts
Center, Blumenthal Performing Arts Center, Spirit Square and Knight Theatre
•
Johnson & Wales Uptown campus provides a culinary hub for young chefs; 25 new restaurants spun off since
campus constructed in 2004
“We’re attracted by the people here. There’s a great assembled workforce now. We’re bringing over the
apprentice program from Germany, and I think we can show that we can be competitive here with anywhere
in the world.”
- Randy Zwirn, CEO, Siemens Energy
13
Workforce & Industry
14
Workforce
and
Industry Grows
the
Charlotte USA Economy Together
Boasting a population of more than 2.8 million, a regional unemployment rate above the national average and a
workforce of 1.4 million strong, the Charlotte region offers a highly skilled, labor force within states that posses the
lowest unionization rates in the nation.
World-class companies such as Bank of America, Wells Fargo, Duke Energy, Nucor, MetLife, and Lowe’s have
benefited tremendously from a competitive regional workforce and continue to invest heavily in local educational
institutions and associated training programs respective to their industry.
While many areas in the U.S. are struggling with population loss, population growth in the Charlotte region is
estimated to grow at double the pace of the nation. Each year, Charlotte USA welcomes more newcomers to the
region, many attracted by the variety of well-known employers, low cost of living with urban amenities that rival
larger cities and an ever growing population in their 20s and 30s.
Charlotte USA Fast Facts
•
Labor force projected to grow 7.2%, from 1.4 million workers to 1.5 million workers by 2017 (EMSI, 2015)
•
North and South Carolina are Right to Work States; 1st and 2nd least unionized states in the U.S. at 1.9%
and 2.2% respectively (Bureau of Labor Statistics, 2014)
•
Home to largest concentration of international firms in the Carolinas employing more than 66,000 workers
•
Recent corporation facilities that located here include Sealed Air, MetLife, Alevo, XPO Logistics, and Convergys
•
Nationally recognized state training programs in both
Carolinas; custom training can be implemented on-site
•
37 institutions of higher education, with 50+ campuses
located throughout the 16-county region
Manufacturing Expertise
•
Concentration of manufacturing employment in the
Carolinas
•
Four out of 16 counties exceed 20% manufacturing
employment
•
Advanced manufacturing initiatives between universities
and industry have produced collaborative breakthroughs
in precision metrology, nanotechnology, CNC machining,
advanced materials and optoelectronics
•
Home to 90% of NASCAR teams, NASCAR Technical
Institute, NASCAR R&D Center, three wind tunnels,
World Racing Group Inc., Charlotte Motor Speedway and
NASCAR Hall of Fame
•
More than 1,000 local companies are Department of
Defense contractors since 2000
•
Highest concentration of medical device manufacturers in the Carolinas
15
Proven Corporate Talent Pool
•
White collar jobs account for 60% of total employment; more than 65,000 workers employed in the financial
services sector alone
•
One of every four IT workers in the Carolinas employed in IT sector in the Charlotte region
•
25-45 age group growing faster than national average, as the largest metropolitan region in the Carolinas
attracts talent from top universities in the Southeast
•
28.2% of age 25+ holds at least a bachelor’s degree; the city of Charlotte ranked seventh among the “Smartest
Cities in the U.S.”
Charlotte USA Employment
by
Type
of
Occupation
Occupation by Type
Blue Collar
23.1%
White Collar
59.9%
Services
17.0%
White Collar:
Mgmt/Bus/Fin - 15.2%
Professional - 19.6%
Sales - 11.9%
Admin Support - 13.2%
Source: ESRI, 2014
Unemployment Insurance:
UI Tax Cost per Employee
Average Workers
Compensation, 2014
Georgia$266.20
North Carolina
South Carolina
New York
$2.75
Texas$350.31
South Carolina
$2.00
Ohio$319.16
New Jersey
$2.82
North Carolina
$227.49
California$3.48
Illinois$313.49
Montana$2.21
$251.75
$1.85
Pennsylvania$346.25
Michigan$273.12
Massachusetts$424.78
New Jersey
Source: Oregon Workers
Compensation Study, 2014
$390.84
Source: U.S. Department of Labor, 3rd
Quarter
16
Average Wages Among Selected Occupations
Service Occupations, Median Hourly Earnings:
Office and Administrative Support
$16.28
Executive Secretaries
$23.79
Bookkeeping Clerks
$17.21
Customer Service Representatives
$15.77
Legal Secretaries
$26.32
Retail Sales
$10.31
Bank Tellers
$12.96
Telemarketers
$11.69
Source: EMSI Database, 2014
Blue Collar Occupations, Median Hourly Earnings:
Machinists
$17.55
Computer-Controlled Machine Tool Operators
$17.81
Electricians
$18.20
Power Plant Operators
$34.32
Sheet Metal Workers
$16.87
Industrial Machinery Mechanics
$20.87
Team Assemblers
$13.25
Tool & Dye Makers
$21.74
Welders
$17.68
Crane & Tower Operators
$20.37
White Collar Occupations, Median Hourly Earnings:
General and Operations Managers
$55.59
Sales Manager
$57.89
Human Resources Managers
$57.62
Accountants & Auditors
$32.86
Architects
$38.73
Industrial Engineers
$37.27
Civil Engineers
$38.39
Chemists
$33.73
Chemical Technicians
$20.94
Computer Programmer
$39.64
Computer Systems Analyst
$42.11
Financial Analysts
$37.71
Loan Officers
$30.28
Registered Nurses
$28.99
Healthcare Support
$13.93
17
Population Growth
in
Charlotte USA
New residents to Charlotte USA primarily from along the East Coast (55%+)
One out of every five newcomers to the Carolinas moves to the Charlotte region
Newcomers tend to hold at least a bachelor’s degree, are single and in their 20s and 30s
Annual In-migration, 2005-2007
200,000
180,000
Atlanta CSA
160,000
140,000
Charlotta CSA
120,000
Raleigh CSA
100,000
Cincinnati CSA
80,000
Nashville CSA
60,000
Greensboro CSA
40,000
Greenville-Spartanburg
CSA
20,000
Source: American Community Survey, 2005-2007
0
2008 InMigration
2009 InMigration
Origin
2010 InMigration
of
Newcomers
to
Charlotte USA
Where are they
moving from?
1
Florida
2
New York
3
Georgia
4
California
5
New Jersey
6
Ohio
7
Pennsylvania
8
Michigan
9
Maryland
10
Massachusetts
Source: IRS, Migration Date
2009-2010
South
Midwest
West
Northeast
Source: IRS, 2008-09 Tax Return data
18
180.0%
Charlotte MSA Population Growth vs Carolinas vs US
Percent Increase
160.0%
140.0%
120.0%
100.0%
80.0%
60.0%
40.0%
Charlotte MSA
20.0%
Carolinas
United States
0.0%
Historical
1990-2010
Projected
2010-2030
40-year Total
1990-2030
Source: North Carolina State Data Center, South Carolina Office of Research & Statistics, Charlotte-Concord-Gastonia MSA
(Consists of Mecklenburg, Gaston, Union, Cabarrus and Anson counties in North Carolina and York County in South Carolina
“We had a base of talented professionals on board in Charlotte and were convinced that Charlotte was
the best place to grow our business so we moved our corporate headquarters here.”
- Dave Schroeder, president of operations, Quint Events, which moved to Charlotte from Atlanta in 2008.
Charlotte USA Community Colleges
•
In last 10 years, North Carolina and South Carolina ranked among top 10 State
Training Programs each year, by Expansion Management magazine
•
Ten community colleges across 15 campuses provide instruction to 130,000+
students annually; Central Piedmont Community College in Charlotte, NC, is the
largest institution.
•
•
•
•
Top 10 State
Training Programs
A new Aerospace and Advanced Manufacturing Training Center was opened at
South Piedmont Community College in September 2010, covering 4,000-sf. The
center houses more than $1 million worth of equipment for training in industrial
maintenance, mechatronics, robotics, programmable logic controllers and avionics.
1
Alabama
2
Georgia
3
Virginia
4
S. Carolina
BioNetwork, a North Carolina-based program focused on biotechnology training
in community colleges, incorporates programs in five community colleges across
the region – Rowan-Cabarrus Community College, Gaston College, Central
Piedmont Community College, Cleveland Community College and South Piedmont
Community College
5
Kentucky
6
Maryland
7
New York
8
N. Carolina
9
Indiana
Technical training programs that emphasize precision production, engineering
technologies, mechanics and repair are offered at York Technical College, RowanCabarrus Community College, Catawba Valley Community College, Cleveland
Community College, South Piedmont Community College and Mitchell Community
College
10
Oklahoma
Source: Expansion
Management magazine
Call Center training programs newly developed by York Technical College and Central
Piedmont Community College offer in-depth, customized, on-site training for
companies with back office operations needs; newly constructed Customer Service
Training Center developed by York Technical College offers one-of-a-kind training
specific to employers needs
19
Charlotte USA Community Colleges
Catawba
Valley CC
Taylorsville
77
40
Catawba
Valley CC
Mitchell CC
Statesville
RCCC
North Campus
NASCAR Tech.
Institute
Mitchell CC
Mooresville
321
RCCC
R3 Center
Gaston College
Lincolnton
RCCC
South Campus
85
RCCC Cloverleaf Ext. Center
Cleveland CC North Campus
CPCC
74
Cleveland CC
Gaston College
Dallas
85
Cabarrus College
of Health Sciences
RCCC Cabarrus Business
and Tech. Center
Brookstone College of Business
Strayer University
N. Charlotte Campus
NC Center for Applied
Textile Tech.
Cato Campus – CPCC
CPCC
King’s College
Harris Campus - CPCC
West Campus - CPCC
Art Institute of Charlotte
ITT tech. Institute
Carolinas College
of Health Sciences
Stanly CC
Albemarle
Stanly CC
Locust
485
Devry University Charlotte
Levine Campus – CPCC
South Piedmont CC
Polkton
Harper Campus – CPCC
York Tech.
College
South Piedmont CC
Monroe
74
South Piedmont CC
Wadesboro
Clinton Jr.
College
77
York Tech. College
Chester
York Tech. College
Kershaw
20
Northeastern
Tech. College
State Workforce Training Programs
North and South Carolina offer extensive workforce development programs ranging from recruitment assistance to
worker training in new and expanding industries.
•
Job Development Tax Credits available for qualifying firms
•
South Carolina ranked No.1 State Training Program in U.S.
•
Center for Accelerated Technology Training (CATT) provides recruiting, screening, and training for new and
expanding businesses statewide
Centralina Workforce Development Board serving both Carolinas in the region is dedicated to bridging the gap
between local employer needs and existing educational resources.
•
Specialized training programs tailored to meet needs
of new and existing industries such as:
– Occupational continuing education
– Human Resources Development
– Specialized Industrial Training
– Workforce and Training initiatives
Right To Work States
Both North and South Carolina have Right to Work laws, which permit
individual workers to choose whether or not they wish to join a labor union.
In 2014, both North and South Carolina experienced the 1st and 2nd lowest
unionization rates in the country.
•
NC - 1.9% union membership
•
SC - 2.2% union membership
Lowest U.S.
Unionization Rates
1
NC, 1.9%
6
AR, 4.7%
2
SC, 2.2%
7
TX, 4.8%
3
UT, 3.7%
8
VA, 4.9%
4
MS, 3.7%
9
ND, 5.0%
5
GA, 4.3%
10
TN, 5.0%
Source: BLS, 2014
Right To Work States
21
Charlotte USA Universities
and
Colleges
Engineering Programs
UNC Charlotte, The William States Lee College of Engineering
Located in Charlotte, NC, the William States Lee College of Engineering is the largest engineering school in the
Charlotte region. The 2013 fall acceptance rate was 63%, and the university was rated ‘selective’ by U.S. News & World
Report. Approximately 27,200 students are enrolled in bachelor’s, master’s and doctoral degreed programs each
year. Disciplines include civil, computer, electrical, mechanical and industrial engineering. The college also includes
a motorsports engineering program, recently added due to the increase in demand for highly skilled motorsports
engineers.
Johnson C. Smith University
Located in Charlotte, NC, Johnson C. Smith University is the first historically black college/university to become
an IBM ThinkPad University. Each student receives an IBM laptop computer equipped with the latest software and
Wi-Fi capabilities. The 2013 fall acceptance rate was 37%, and the university was rated ‘selective’ by U.S. News & World
Report. Engineering concentrations include computer engineering and information systems engineering.
Information Technology
UNC Charlotte, College of Computing and Informatics
Located in Charlotte, NC, it is the fourth largest university of the University of North Carolina system and the largest
university in the Charlotte USA region. Nearly 220 students graduated from the bachelor’s, master’s and doctoral
degreed programs in computer and information technology.
Johnson C. Smith University
Located just outside the central business district of Charlotte, NC, with a total enrollment of 1,400 students, Johnson
C. Smith University offers bachelor’s degrees in computer and information technology.
Wingate University
Located just south of Charlotte, NC, in Wingate, NC, with a total enrollment of 3,002 students, Wingate University
offers bachelor’s, master’s and doctoral degrees in computer and information technology. Wingate is ranked 10th
among southern comprehensive colleges and universities in U.S. News and World Report: America’s Best Value
Colleges in the South and was named a Best College in the Southeastern Region by The Princeton Review.
Winthrop University
Located just south of the North Carolina state line, in Rock Hill, SC, with a total enrollment of 6,130 students,
Winthrop University offers bachelor’s and master’s degrees in computer and information technology. U.S. News and
World Report ranks Winthrop as the #25 Southern regional public university.
22
Lenoir-Rhyne University
Located in the Hickory metropolitan area, with a total enrollment of 1,898 students, Lenoir-Rhyne University offers
bachelor’s and master’s degrees in computer and information technology.
Gardner-Webb University
Located west of Charlotte, NC, in Boiling Springs, NC, with a total enrollment of 4,656 students, Gardner-Webb
University offers bachelor’s and master’s degrees in computer and information technology.
Pfeiffer University
Located in suburban, Misenheimer, NC with a satellite campus in Charlotte, NC, and a total enrollment of 1,860
students, offers bachelor’s and master’s degrees in computer and information technology.
Gaston College
Located in rural, Dallas, NC, with a total enrollment of 5,917
students, offers certificate programs in computer programming,
information technology and systems networking/management.
Belmont Abbey College
Located in rural Belmont, NC, with a total enrollment of
1,647 students, offers bachelor’s degrees in computer and
information technology.
Business Administration
University of North Carolina at Charlotte University of North Carolina at Charlotte is the region’s
largest liberal arts college with a total enrollment of more than
27,200 students. The university offers bachelor’s, master’s
and doctoral degreed programs in accounting, business
administration, management information systems, finance,
international business, marketing and operations management.
Queens University of Charlotte Queens University, located in Charlotte, NC, is a four-year,
co-educational, liberal arts college with a total enrollment of
2,250 students. The university offers bachelor’s and master’s
degreed programs in accounting, business administration
and management information systems.
Pfeiffer University Founded in 1885, Pfeiffer University is a private, four-year, co-educational, liberal arts institution affiliated with the
Methodist Church. Total enrollment exceeds 1,860 students. The university offers bachelor’s and master’s degreed
programs in accounting, business administration, management information systems, international business and
operations management.
Belmont Abbey College Founded in 1876 by the order of St. Benedict and located 15 minutes from downtown Charlotte, Belmont Abbey
College is North Carolina’s only Catholic college. Total enrollment exceeds 1,647 students. The university offers
bachelor’s and master’s degreed programs in accounting, business administration, management information
systems, marketing and international business.
23
Gardner-Webb University Gardner-Webb is a private, coeducational university affiliated with the Baptist State Convention of North Carolina
with a total enrollment of 4,656 students. The university offers bachelor’s and master’s degreed programs in
accounting, business administration, finance, management information systems and international business.
Johnson C. Smith University Johnson C. Smith University, founded in 1867, is one of the nation’s oldest and strongest historically Black Colleges
and Universities (HBCU’s), with a total enrollment of 1,400 students. The university offers bachelor’s degree
programs in business administration and management.
Wingate University Founded in 1896, Wingate University is a private four-year co-educational institution with a total enrollment of
3,002 students. The university offers bachelor’s, master’s and doctoral degreed programs in accounting, business
administration, finance and marketing.
Catawba College Catawba College is located in Salisbury, NC, with a total enrollment of 1,322 students. The college offers bachelor’s and
master’s degreed programs in accounting, business administration, management information systems and marketing.
Lenoir-Rhyne College Lenoir-Rhyne College is located in the Hickory metropolitan area with a total enrollment of 1,898 students.
The college offers bachelor’s and master’s degree programs in accounting, business administration, finance,
management information systems, international business and marketing.
University of South Carolina at Lancaster University of South Carolina at Lancaster, located in rural Lancaster, SC, is a public co-educational institution with
a total enrollment of 1,811 students from six surrounding counties, offering pre-baccalaureate students courses in
business administration, technology support, management training as well as liberal arts degrees.
“The accessible location, high-caliber pool of technology-focused professionals, and support from the
Charlotte Chamber of Commerce, County of Mecklenburg and State of North Carolina made Charlotte
an ideal city in which to establish our customer care and operations headquarters.”
- Bob Shellman, CEO, Odyssey Logistics & Technology
Higher Education
University of North Carolina at Charlotte
University of North Carolina at Charlotte is the fourth-largest university of
the University of North Carolina system and the largest university in the
Charlotte USA region. Enrollment exceeds 27,200 students and seven
professional colleges that offer 21 doctoral programs, 64 master’s degree
programs and 80 bachelor’s degree programs.
UNC Charlotte’s main campus includes more
than 27,200 students
24
UNC Charlotte: Specialties
Lee College of Engineering offers bachelor’s, master’s and doctoral degrees in civil, environmental, electrical,
computer, mechanical and systems engineering
•
Enrollment increased to 3,214 students in 2013
•
New research projects in biofuels, water quality, advanced engine design, precision engineering, power system
stability, fire science, sustainability and biomechanics
•
Energy Production and Infrastructure (EPIC) is a more than $76 million facility to advance energy-related
academic and research programs
College of Computing and Informatics offers bachelor’s, master’s and doctoral degrees in computer science,
bioinformatics and genomics, and software and information systems
•
Graduates are hired by local firms such as MetLife, TIAA-CREF, Bank of America, Vanguard Group, Wells
Fargo, U.S. Army, DoD, Raytheon and others
•
Institutes include the Charlotte Visualization Center, Diversity in Information Technology Institute (DITI) and
eBusiness Technology Institute (EBTI)
Belk College of Business, with 3,000+ undergraduate students,
700 graduate students, 87 full-time faculty members, and more than
26,000 alumni, Belk College is one of the largest business programs
in the Carolinas
•
A 12-story Uptown Charlotte campus links students directly
with the businesses in the central business district
UNC Charlotte:
Research and Development Assets
The Charlotte Research Institute (CRI) was conceived as
a partnership between the UNC Charlotte and the corporate and
entrepreneurial communities of the region. CRI exists to facilitate
collaborative research and to build intellectual capital. The CRI is
UNC Charlotte’s planned uptown Charlotte campus
committed to the development of intellectual capital through global
to be operational by fall 2011
collaborations with industry, government and academia.
Center for eBusiness Technology Institute is currently focused on the financial industry. The center is partnering
with Bank of America and Wells Fargo/Wachovia to solve industry issues pertaining to technology applications.
These applications include information privacy and security, intelligent data analysis, systems integration and
information visualization. The Center is expanding into research in Bioinformatics and Homeland Security.
Center for Precision Metrology is focused on precision engineering and measurement including: research in
manufacturing processes and quality assurance for mechanical parts to within a millionth of a meter. New state-ofthe-art facilities will include clean rooms and multiple metrology labs,
25
Center for Optoelectronics and Optical Communications includes research areas in: design and fabrication
of photonic devices, integrated optical circuitry, assembly and packaging of optical systems, optical materials,
methods for precision optical metrology, and optical imaging and inverse methods for wavefront synthesis. The
center has successfully allied with the Massachusetts Institute of Technology, Duke University, The Carolinas
MicroOptics Triangle, and the North Carolina Photonics Consortium.
Center for Bio Informatics is a joint effort by scientists within the departments of chemistry, biology, computer
science, and mathematics, and in the research division of the Carolinas Healthcare Center. The focus of the program is
on genetic factors in disease and gene regulation, although we define bioinformatics more generally as the discovery,
development and application of powerful computational tools to extract knowledge from complex biological data.
VenturePrise was established in 1986, non-profit business incubator in partnership with
UNC Charlotte, provides incubation, education and advisory services to the region’s small manufacturers,
distribution and service companies.
Polymers Center of Excellence, Charlotte, NC
Focus on areas of polymers processing, physical testing, educational
products and testing
•
I National Certification Program (28 hours) (Certificate)— Extrusion
P
and/or Injection Molding Concentrations available
•
Product Design and Engineering Capabilities for use with local industry
•
Injection Molding Lab, Extrusion Lab and Testing Labs
•
artnered with University of North Carolina at Charlotte, NC State
P
University and North Carolina Industrial Extension Service to carry
out projects
•
Local industry research and development
Energy Production and Infrastructure Center (EPIC)
Opened 2011, EPIC is led by Dr. Steve Patterson, an SPX Distinguished
Professor. Facility will focus on workforce training and research and
development initiatives for the energy sector. Industry-driven; collaborative
support from:
•
Duke Energy
•
URS
•
Areva
•
Siemens
•
EPRI
•
Metso
•
Chicago Bridge & Iron
•
Westinghouse
“As we’re selecting North Carolina as our primary site for our first manufacturing facility, we looked for
a place that had a large enough labor force that we could pull from. One thing that we like about this
labor force is that the intrinsically hard working individuals, the industry itself is different than the local
industry here, which used to be primarily furniture and textile. Their quality of the workers is what they
bring to the table, so we can train them on the other stuff. So I think it is very successful and we really
enjoy the workforce that we have in this area.”
- Reinaldo Panico Peres, Exeutive Vice President, Sabo USA
26
Regional Resources
for business
Workforce Development Boards:
Centralina Workforce Development Board
www.centralinaworks.com
(704) 348-2717
Charlotte-Mecklenburg Workforce Development Board
www.charlotteworks.org
(704) 206-1350
Western Piedmont Workforce Development Board
www.westernpiedmontworks.org
(828) 322-9191
Region C Workforce Development Board
www.regionc.org/WDB
(828) 287-0261
Gaston County Workforce Development Board
www.gastonworks.com
(704) 862-7525
Catawba Workforce Investment Area
www.catawbaonestop.com/wib.asp
(803) 327-9041
Pee Dee Workforce Investment Area
http://peedeewib.org/
(843) 669-3138
Council of Governments:
Centralina Council of Governments Serving
www.centralina.org
(704) 372-2416
Western Carolina Council of Governments
www.wpcog.org
(828) 322-9191
Isothermal Planning & Development
Commission
www.regionc.org/IPDC
(828) 287-2281
Labor Market Information:
NC Labor Market Information
www.ncesc1.com/Lead
(919) 707-1500
SC Labor Market Information
www.sces.org/about-lmi.asp
(803) 737-2660
Business Development Resources:
Small Business Administration
www.sba.gov
(704) 344-6563 (local office)
Small Business Technology Development Center
(SBTDC)
www.sbtdc.org
(704) 548-1090 (local office)
Charlotte U.S. Export Assistance Center
www.buyusa.gov/northcarolina
(704) 333-4886
Foreign Trade Zone Administrator
www.charlotteusa.com/FTZ
(704) 347-8942
Charlotte World Trade Center
www.cwta.org
(704) 733-9153
27
Local Economic Development Contacts:
Alexander County
Alexander County Economic Development Corporation
Mr. David Icenhour
Executive Director
119 N. Carolina 16, Suite A
Taylorsville, NC 28681
Phone: (828) 632-1161
Fax: (828) 632-0059
E-mail: [email protected]
Cabarrus County
Cabarrus Economic Development
Mr. Terry Crawford
President/CEO
3003 Dale Earnhardt Boulevard, Suite 2
Kannapolis, NC 28083
Phone: (704) 260-8102
Fax: (704) 784-4050
Catawba County
Catawba County Economic Development Corporation
Mr. Scott Millar
President
1960-B 13th Avenue Dr, SE
Hickory, NC 28602
Phone: (828) 267-1564
Fax: (828) 267-1884
Cleveland County
Cleveland County Economic Development Partnership
Ms. Kristin Fletcher
Executive Vice President, Economic Development
1800 East Main Street
Shelby, NC 28152
Phone: (704) 669-4701
Fax: (704) 487-7458
E-mail: kristin@ccpedorg
Gaston County
Gaston County Economic Development Commission
Mr. Donny Hicks
Executive Director
620 N. Main Street
Belmont, NC 28012
Phone: (704) 825-4046
Fax: (704) 825-4066
28
Iredell County – Mooresville
Mooresville-South Iredell Chamber
Mr. Robert Carney
Executive Director
151 E. Iredell Avenue
Mooresville, NC 28115
Phone: (704) 664-6922
Fax: (704) 664-2549
Iredell County – Statesville
Statesville Regional Development
Mr. C. Michael Smith
Executive Director
1163 N. Center StreetStatesville, NC 28677
Phone: (704) 871-0062
Fax: (704) 871-0223
Lincoln County
Lincoln EDA
Mr. Cliff Brumfield
Executive Director
502 E. Main Street
Lincolnton, NC 28092
Phone: (704) 732-1511
Fax: (704) 736-8451
Mecklenburg County
Charlotte Chamber of Commerce
Mr. Jeff Edge
Sr. Vice President, Economic Development
330 S. Tryon Street
Charlotte, NC 28202
Phone: (704) 378-1300
Fax: (704) 374-1903
Rowan County
Salisbury Rowan Economic Development Commision
Mr. Robert Van Geons
Executive Director
204 East Innes Street
Salisbury, NC 28144
Phone: (704) 637-5526
Fax: (704) 637-0173
Stanly County
Stanly County Economic Development Commission
Paul Stratos
Director
1000 North First Street, Suite 11
Albemarle, NC 28001
Phone: (704) 986-3683
Fax: (704) 986-3685
Union County - city & county
Monroe-Union County Economic Development
Mr. Christopher Platé
Director of Economic Development
3900 Paul J. Helms Drive
Monroe, NC 28110
Phone: (704) 282-5780
Fax: (704) 282-5788
Chester County Economic Development
Ms. Karlisa Parker
Director
3200 Commerce Drive, Suite B
Richburg, SC 29729
Phone: (803) 377-1216
Fax: (803) 377-2102
Chesterfield County
Chesterfield County ED Board
Ms. Kim Burch
Executive Director
105 Green Street
Chesterfield, SC 29709
Phone: (843) 623-6500
Fax: (843) 623-3167
Lancaster County
Lancaster County EDC
Mr. Michael Trotter
Director
1033 W. Meeting Street
Lancaster, SC 29720
Phone: (803) 286-3633
Fax: (803) 285-9472
York County
York County Economic Development Board
Mr. David Swenson
Director
1830 Second Baxter Crossing
Fort Mill, SC 29708
Phone: (803) 802-4300
Fax: (803) 802-4299
E-mail:[email protected]
State of North Carolina
Economic Development Partnership of NC
15000 Weston Parkway
Cary, NC 27513
Phone: (919) 446-7777
State of South Carolina
South Carolina Department of Commerce
1201 Main Street
Columbia, SC 29201
Phone: (803) 737-0400
International Business Organizations
British American Business Council of NC
Contact: Ms. Sarah Peeler
214 N Tryon Street
Charlotte, NC 28202
Tel.: (704) 344-7501
Carolinas Asian American Chamber
of Commerce
Contact: Jerrold Tucker
1339 Baxter Street, Suite 200
Charlotte, NC 28204
Tel: (704) 332-5656
Fax: (704) 332-9373
World Affairs Council of Charlotte
201 S. Tryon Street, Suite 1125
Charlotte, NC 28202
Contact: Mr. L.J. Stambuk
Tel: (704) 687-7762
Fax: (704) 335-4098
29
European-American Business Forum
c/o Charlotte World Trade Association
Concord, NC 28027
Contact: Sarah Peeler
Tel: (704) 968-3166
French-American Chamber of Commerce
Contact: Ms. Laura Dassé
P.O. Box 12328
Charlotte, NC 28220
Tel.: (704) 750-9977
German-American Chamber of Commerce
Contact: Dr. Christian Kissinger
c/o Saertex USA
12200-A Mt. Holly-Huntersville Road
Huntersville, NC 28078
Tel.: (704) 464-5998
Fax: (704) 464-5922
International House
1817 Central Ave #215
Charlotte, NC 28205
Contact: Ms. Denise Cumbee Long
Tel: (704) 333-8099
Fax: (704) 334-2423
Latin American Chamber of Commerce
Contact: Ms. Astrid Chirnos
Executive Director
1112 Charlottetowne Avenue, Suite 205
Charlotte, NC 28204
Tel: (704) 343-2525
Fax: (704) 343-0245
International Cultural Organizations:
Alemannia German Society of Charlotte
P.O. Box 12652
Charlotte, NC 28220
Tel. (704) 823-0322
Alliance Française de Charlotte
PO Box 470156
Charlotte, NC 28247
Tel: (704) 750-5886
30
Scandinavian American Gernal Assembly of the
Carolinas
4064 Ancestry Cir
Tel: (704) 996-3731
German-American Club of Charlotte
Contact: Ms. Angie Adams
P.O. Box 470421
Charlotte, NC 28247
Tel: (704) 458-6396
German Language & Culture Foundation
Contact: Mr. Kurt Waldthausen
Tel: (704) 372-2172
Irish Society of Charlotte
Contact: Ms. Jean Roznik
Tel: (704) 375-2880
Japanese Association in Charlotte
Contact: Fumiko Symonds
C/o International House
Tel.: (704) 333-2775
Fax: (704) 333-0862
Korean Association of Charlotte
Contact: Mr. James Hahn
Tel: (704) 376-3825
Email: [email protected]
South Africans in Charlotte
www.southafricansincharlotte.org
5675 Providence Glen Road
Charlotte, NC 28270
Tel: (704) 844-1064
Swiss Society of Charlotte
10117 Zakery Ave
Charlotte, NC 28277
Honorary Consuls:
Honorary Consul, Mr. Wayne Cooper, Mexico
Honorary Consul, Mr. Klaus Becker, Germany
Honorary Consul, Mrs. Laura Meyer Wellman. France
Honorary Consul, Dr. Claudio Carpano, Italy
Honorary Consul, Mr. Michael D. Teden, Britain
Honorary Consul, Mr. Steven Kropp, Guatemala
Honorary Consul, Mr. Florin Pindic Blaj, Moldova
Honorary Consul, Mr. Gilberto Bergman, Nicaragua
Honorary Consul, Mr. Heinz Roth, Switzerland
Honorary Consul, Dr. R. John Young, Ireland
Honorary Consul, Dr. Edward Lee Paul, Jr., Belize
Honorary Consul, Mr. Petr Vasicko, Czech Republic
Honorary Consul, Mr. Ralph Daetwyler, Estonia
Honorary Consul, Mr. Christian Domeny, Hungary
Honorary Consul, Mr. Ghassan Eldiri, Lebanon
Honorary Consul, Mr. Gerard ter Wee, Netherlands
Honorary Consul, Dr. Alvin M. Fountain II, Poland
Honorary Consul, Mr. Magnus Natt Och Dag, Sweden
31
Largest Companies
Largest Headquarters
Largest Manufacturers
1
Carolinas Healthcare
1
Pharr Yarrns
2
Wells Fargo
2
Century Furniture
3
Bank of America
3
ATI Allvac
4
Novant Healthcare
4
IBM Corp
5
Delhaize America Inc
5
International Paper
6
Lowe’s Companies
6
Tyson Foods
7
Duke Energy
7
Flextronics
8
Ruddick Corp
8
Daimler Trucks
9
Compass Group
9
Grace Fabrications
10
Alex Lee Inc
10
Hickory Springs
Source: Charlotte Regional Partnership/
Charlotte Chamber Mfg survey 2014
Source: Charlotte Regional Partnership/
Charlotte Chamber Mfg survey 2014
Largest Distribution Facilities
32
Target
Newton, NC
Lowe’s Cos. Inc.
Mooresville, NC
1,500,000 sf
1,474,000
Black & Decker
Fort Mill, SC
1,365,000
Ross Stores
Fort Mill, SC
1,300,000
Wal-Mart Stores Inc.
Shelby, NC
1,250,000
Ross Stores
Rock Hill, SC
1,200,000
Family Dollar Stores Inc.
Charlotte, NC
1,135,261
Exel/Energizer Holdings Inc.
Rock Hill, SC
1,000,000
Stanley Logistics
Concord, NC
925,000 Wal-Mart Stores Inc.
Pageland, SC
830,000
Shoe Show Inc. Concord, NC
785,000
Saddle Creek Corp.
Harrisburg, NC
756,000
Lance Inc.
Charlotte, NC
739,086
RSI Home Products Inc.
Lincolnton, NC
720,000
Largest Back Office Operations
Fortune 500 Companies
TIAA-CREFFinance
23
Bank of America
Wells Fargo Home Mortgage
Mortgage
50
Lowe’s Cos
IBM Global Services
Mortgage
116
Duke Energy
Wells Fargo/Wachovia
IT/Customer Support
139
Nucor Corp.
Microsoft Corporation
IT Support
281
Family Dollar Stores
Sprint PCS
Telecommunications
315
Sonic Automotive
Allstate Insurance Co
Insurance
366
Sealed Air Corp.
Connextions
Client Fulfillment
470
Domtar Corp.
Convergys
Customer Service
Hewitt & Associates
Human Resources
CitiFinancialFinance
Alltel Communications
Telecommunications
Telerx
Healthcare
Source: Fortune Magazine 2015
Source: Compiled from news sources and company representatives
“We believe it will continue to be a great place to have a major financial services operation
because of the skill set here.”
- Roger Ferguson, Chief Executive of Retirement Services, TIAA-CREF
33
Biomedical
Biomedical: Targets
Manufacturing
• Medical Device Technologies
•
Medical Equipment
•
Food and Beverage
Headquarters / Back Office
• Corporate Headquarters
•
Customer Service Centers
Logistics
• Growing Retailers
Technology
• Nutrition / Food Science /
Pharmaceutical
•
Optics / Photonics
•
Healthcare IT
Charlotte USA Fast Facts: Biomedical
•
Largest concentration of medical device manufacturers in the Carolinas
•
Over 40,000 degrees awarded in science, engineering and technology
disciplines in North and South Carolina’s public universities, including
UNC Charlotte, North Carolina State University and Clemson University
Biomedical:
Major Employers
BSN Jobst.
Greiner One Bio
Groninger USA
Pelican Life Sciences
Chelsea Therapeutics
•
More than 26,000 workers employed in the region in health & life sciences sector
Microban Products Company
•
Nation’s 3rd largest public healthcare system - Carolinas HealthCare System
Fleming Laboratories
•
North Carolina Research Campus, a $1 billion 350-acre biotech campus in
Kannapolis, NC, home to research programs of private biotechnology companies,
healthcare companies and all research universities in the UNC system
3D Systems
Transworld Med Group
Actavis
Kyphon Inc
•
UNC at Charlotte’s Bioinformatics Research Center $35 million, 75,000-sf facility
housing wet/dry laboratories and core facilities for gene expression, proteomics,
microscopy, crystallography and computing
•
Central Piedmont Community College is launching a new associate degree program in biomedical equipment
technology in August 2015. Novant Health is supporting the new program with a $150,000 gift.The program will
prepare students to use basic engineering principles and technical skills to install, operate, troubleshoot and
repair sophisticated devices and instrumentation used in health care facilities.
•
Community College workforce training programs in health/life sciences offered at Gaston College, Cleveland
Community College, Rowan-Cabarrus Community College and Central Piedmont Community College
CEM
Recent Announcements:
34
•
Glenmark Pharmaceuticals, an Indian pharmaceutical company, announced in July 2014 plans to hire 41
people, invest $17 million and open its first North American manufacturing facility in Monroe, NC
•
Aramark has opened its 105,000-square-foot health-care technology and innovation center in north Charlotte.
The facility in the Twin Lakes Business Park employs 140 people and the center will help drive more efficient
ways for hospitals to manage their clinical equipment assets
•
Filtration Group is expanding one of its two facilities in York County. The company is a global filtration leader in
liquid/process, environmental air, fluid and biomedical solutions. This expansion, a capital investment of $1.5
million, will add an expected 11 total jobs to the company’s existing operations.
•
Tosaf USA, an Israel-based company will establish its first U.S. operation in a $13.1 million facility planned in
Bessemer City, NC. Tosaf plans to bring 75 jobs to the Gaston County site and makes colors, compounds and
other additives for plastics. Its products are used by plastics molders and processors that make parts for the
automotive, medical, electrical and packaging industries.
Aerospace
Aerospace: Targets
Manufacturing
• Advanced textiles
•
• Business process
outsourcing
Military vehicles /
components
•
Light armaments
•
Military / aerospace
components manufacturing
•
Aircraft parts
•
Composite materials
Technology
• Data centers / Mission
critical facilities
•
Optics / Photonics
•
Defense technologies
Charlotte USA Fast Facts: Aerospace
•
•
Aerospace:
Major Employers
Goodrich Corporation
General Dynamics Arm & Technical
Products
BAE Systems
More than 140 aerospace companies in the region with more than
20,000 workers
Michelin Aircraft Tire Corporation
More than 1000 defense contractors within 16-county region,
awarded more than $3.2 billion in DoD contracts since 2000
Northrup Grumman Space & Technology
Defense Technologies
Curtiss-Wright Flight Systems
ATI Allvac
•
Central to major aerospace OEM’s such as Boeing, Spirit
Aerosystems, Honda Aircraft Co, and Gulfstream Aerospace.
•
10,600+ engineers employed in the region
•
Center of “Carolina’s MicroOptics Triangle”— formed by UNC Charlotte, Western Carolina University and Clemson
University to integrate specialized R&D programs focusing on new optoelectronics, precision metrology, and
nanotechnology applications for the defense and aerospace industry
•
Defense and Security Technology Accelerator located at UNC Charlotte’s Ben Craig Center focuses on
leveraging regional strengths between the military establishments, higher learning and centers of innovation
•
15 military installations within the Carolinas, including Fort Bragg (Army), Camp Lejeune (Marines), and
Seymour Johnson (Air Force)
•
Collaborative research and development facilities located at Charlotte Research Institute campus which houses
centers for precision metrology, optoelectronics, bioinformatics and ebusiness technology
Scott Technologies
•
Universal Manufacturing Co. has planned to expand in Shelby, NC creating 80 jobs in the process (3/5/2015)
•
Schaeffler Group, a manufacturer for precision products is creating 331 new jobs by investing $97.4 million
to expand its operations in Cheraw, SC and creating 112 new jobs by investing $68 million to expand its
operations in Fort Mill, SC (1/9/2015)
•
Okuma has invested $6.5 million to open a 10,000ft2 Aerospace Center of Excellence in Charlotte, NC
(12/1/2014)
•
Windecker Aircraft has committed to invest $5 million dollars to the expansion of their company which will result
in the creation of 50 new jobs in Mooresville, NC (9/19/2014)
•
Hymec Aerospace, a manufacturer for aircraft interiors, will expand its company employment by 50% by
investing $3 million in a facility in Mooresville, NC (5/14/2014)
35
Energy
Energy: Targets
Manufacturing
• Alternative energy components
•
Advanced construction
materials
• Corporate headquarters
•
Customer service centers
Charlotte USA Fast Facts: Energy
•
•
•
Technology
• Power generation & storage
Headquarters of Fortune 500 Duke Energy, the
largest utility in the U.S.
•
Data centers
•
Vehicle technologies
Energy: Major Employers
Duke Energy
Conbraco Industries
Siemens Energy
FMC Lithium
Large engineering firms including Chicago
Bridge & Iron, AREVA, URS/Washington Group,
Westinghouse, Mitsubishi, and Toshiba
Chicago Bridge & Iron
Alevo
URS/Washington Group
Rollcast Energy
Sencera International Group
US Greenfiber Inc
First Renewable Energy Certificates market in
the Southeast U.S.; state incentives specific
to alternative energy sector production and
implementation to reach required measures by 2021
Ingersoll Rand Co.
Sunlife Systems International
Westinghouse
Toshiba
PPG Industries
Eaton Corporation
•
39 power plants currently operating in the region, and 12 nuclear reactors operating in
the Carolinas, with six new potential units in the application process
•
EPIC - Energy Production Infrastructure Center at UNC Charlotte housing a
department of electrical and civil engineering and is designed to address the shortfall
of trained engineers capable of servicing and replacing an aging fossil fuel and
nuclear infrastructure
•
Over 40,000 degrees awarded in science, engineering and technology disciplines
in North and South Carolina’s public universities including UNC Charlotte, University
of South Carolina, Duke University and Clemson University, among others
•
Home to Electric Power Research Institute’s R&D headquarters facility
36
•
HUBER+SHUNER, a Swiss maker of components for electrical and optical
transportation of data and energy, opened a $3M, 50 jobs in Mecklenburg County, NC.
•
NTE Energy, an energy company is investing in a $450 million building that will be a 480- megawatt natural gas
electric facility in Gaston County, NC.
•
Areva Inc. opened its U.S. headquarters in Mecklenburg County, NC with a $3 million investment and the
creation of 100 engineering jobs.
•
Toshiba will base its Toshiba America Energy Systems headquarters in Charlotte by opening national project
management and engineering center in Charlotte and adding 200 jobs. Toshiba’s primary focus will be on
turbine sales, repairs and customer service across all its energy platforms.
•
Siemens Energy Inc. expanding its gas turbine operations, to Mecklenburg County. The company plans to
bring 825 jobs and invest at least $135 million over the next five years. Siemens is expanding their gas turbine
operations, to Mecklenburg County by bringing 825 jobs and investing at least $135 million
•
Alevo Group expects to spend more than $1 billion to produce its battery systems, called GridBanks, in
Cabarrus County. The company plans to have 500 employees at the site by the end of 2015 and 2,500 within 3
years.
Financial
Financial: Targets
Financial:
Major Employers
•
International and Domestic banking
•
Investment Banking
Wells Fargo
•
Insurance
TIAA-CREF
•
Backl Office
•
Financial Information Technology
•
Mobile Banking
Bank of America
Aon Hewitt
The Lash Group
Vanguard Group
LPL Financial
Charlotte USA Fast Facts: Financial
Ally
Deloitte
•
Second-largest banking center in U.S.
•
•
350+ mortgage banking companies have operations in the Charlotte region
•
More than 11,000 residents registered with Series 27, 53, 6, 62, 63, 65, 66 or 7 licenses
•
Out of 52 licensed banks in North Carolina, 24 are headquartered in Charlotte
•
35,000 IT workers in metro area; roughly one out of every four IT workers in Carolinas is employed in Charlotte
metro area
•
UNC Charlotte’s Belk College of Business has graduated more than 27,000 students with degrees in
accounting, business information systems, economics, finance, management and marketing, and offers 9
business related graduate school programs
“This is a great city to begin a business like this. We found a great talent pool of retail banking talent
and reasonable lease rates.”
- Mark Marashlian, President, Irongate Home Finance
•
Metlife Inc. announces 1,300 new jobs for back office operations and the relocation of its US Retail
headquarters in Charlotte over next two years (March 2013)
•
LPL Financial has invested $150 million to move its operations to Fort Mill, SCand expects to add up to 3,000
jobs over the next few years (Dec. 2014)
•
Movement Mortgage plans to invest $22 million and move theri new headquarters to Lancaster, SC and create
650 jobs (January 2015)
•
Wells Fargo plans to move 83 new jobs to Charlotte (December 2014)
•
Convergys is creating1,600 new jobs and invest $1.8 million to renovate its Charlotte facility (February 2013)
•
Spectra plans to bring 250 new jobs to Charlotte (July 2014)
37
Automotive
Automotive:
Major Employers
Automotive: Targets
•
Motorsports
•
Battery Technology
•
Automotive OEM”S
American Tire Distributors
•
Auto Suppliers, including plastics
Rousch Racing
•
Electronic Components
Charlotte USA Fast Facts: Automotive
•
90% of all NASCAR Teams headquartered within 50 miles
of Charlotte, NC
Hendrick
Daimler Trucks North America
Toyota Racing Development
Charlotte Motor Speedway
NASCAR Media Group
Dale Earnhardt Inc
Penske Racing
•
Home of NASCAR Hall of Fame,
•
Three state-of-the-art wind tunnels in the region
•
Racing venues include NASCAR’s Charlotte Motor Speedway and zMAX Dragway
•
Motorsports industry contributes more than $5 billion in annual economic impact to the regional economy
•
Sports marketing programs geared specifically to motorsports teams offered at local universities
•
North Carolina Motorsports and Automotive Research Center at University of North Carolina at Charlotte
is a resource for workforce training and providing research infrastructure to service the local and national
motorsports and automotive industries
38
•
Schaeffler, an international automotive and industrial supplier, has its American headquarters in Fort Mill. The
Fort Mill headquarters is responsible for engineering, sales and marketing of the company’s three brands, INA,
FAG and LuK. In January, The Schaeffler Group USA announced
plans to expand its Fort Mill headquarters and two York County
plants, as well as other plants in South Carolina. In all, the company
said it will invest $163.8 million to expand in the state.
•
GKN Driveline in Catawba County is starting construction of a $114
million addition to its 505,000-square-foot automobile components
factory that will add 228 jobs to its existing facility
•
Camber Ridge is opening a $60 million tire-testing facility in
Charlotte at a 404,000-square-foot building that will be a research
and testing center
•
American Tire Distributors’, a Fortune 1000 company, is nearly
doubling its space in Lincoln County Industrial Park. by leasing an
existing 420,000-square foot building and will add as many as 15
jobs
Logistics
Logistics: Targets
Technology
• Intermodal Distribution
• Logistics IT
Logistics:
Major Employers
American Airlines
Snyder’s-Lance Inc.
DMSI Inc.
Headquarters
• International Logistics Headquarters
FedEx Corp.
Carolina Cargo Inc.
Estes Express Lines
Manufacturing
• Food Processing & Distribution
• Paper & Wood Product Manufacturing/Distribution
• Warehousing
Charlotte USA Fast Facts: Logistics
YRC Freight
Transit Management
XPO Logistics
Distribution Technology Inc.
Bonded Logistics
•
Charlotte is 1-2 days shipping time to 29 of the 51 metropolitan markets in the US.
•
53 percent of the nation’s population is within a two hour flight or one day drive.
•
$10 billion impact by airport on local economy.
•
329 trucking companies making Charlotte 11th in the U.S.
•
58 representative shipping and air cargo companies in Charlotte.
•
The top 10 largest logistic companies all have offices in Charlotte.
•
Charlotte Douglas International Airport has plans to build a fourth runway to accomodate future growth
(February 2015)
•
Total Quality Logistics, a freight brokerage company, is adding 40 jobs to its Charlotte office, including many
freigh brokers (April 2015)
•
Exel, a supply chain management company, invested $38 million
to establish a new distribution center and created 133 jobs in Rock
Hill, SC (June 2013)
•
XPO Logistics, a shipping brokerage firm, added 290 jobs and
invested $688,000 in July 2012 to its Charlotte office. This office
houses a national operations center, sales and human resource
workers for its freight management, expedited transportation and
freight forwarding systems.
•
Argol America, a provider of integrated logistics services,
announced it was establishing a headquarters in Charlotte.
The company plans to hire employees in administration, IT and
engineering. Argol specializes in the automotive, energy, industrial,
aerospace and defense industrial sectors. (April 2013)
•
Central Piedmont Community College announced it
received a $235,000 grant from J.P Morgan to fund
new logistics program (March 2015)
a
39
Cost Of Doing Business
Charlotte USA Cost
& Incentives
of
Doing Business: Taxes
North Carolina Taxes
Corporate Income Tax
Flat rate of 5.0% of net income allocated to the state.
Franchise Tax
$1.50 per $1,000 and is applied to the greatest base determined
as set forth in the law.
Inventory Tax
North Carolina does not impose an inventory tax.
Property Tax
North Carolina does not impose a state property tax.
Local rates assessed per $100 of 100% assessed valuation
Exemptions
Inventories, intangible goods, pollution control equipment
Property Tax Example
$1,000,000 property in North Carolina:
($1,000,000 / 100) * Combined Tax Rate = Annual City/County Tax Bill
[Combined Tax rates range from .42 - 1.433 per $100 of 100%
assessed value]
Telephone Service
3% local
6% intrastate
$50,000 cap applies for call center operations
Unemployment Insurance Rate
Sales & Use Tax
Average Tax Rate $200.40
Employers rate .072% - 1.2% (new) to 6.912% Most tangible goods
Telecommunication services
Taxable base $21,700
Workers’ Compensation
$1.85 per $100 of covered wages
Individual Income Tax Rates
Federal Deductibility
No
Marginal Rates and Taxes
5.75%
Sales of aircraft, boats
Electricity, general use
Local Rate
4.75%
2%*
7.75%
Exempt
3%
Exempt
3%
Exempt
Electricity, qualifying mfg industries/plants
Exempt
Exempt
Purchases of select goods by manufacturers
Exempt
Exempt
Motor vehicles, medical equipment, gasoline
Exempt
Exempt
Computer software for data center
Exempt
Exempt
Piped natural gas to manufacturers
Exempt
Exempt
*Mecklenburg County has an additional .5% sales tax; Alexander, Catawba
and Rowan have an additional .25% sales tax
Privilege Taxes
1% with $80 max
- Mill machinery and parts
- Eligible Data Center Machinery & Equipment (minimum investments apply)
- Research & Development Purchases
40
State Rate
North Carolina Incentives
Job Development Investment Grant
(JDIG)
• Performance-based, discretionary
incentive program that provides cash
grants directly to new and expanding
businesses
•
Amount of grant determined by net
new jobs, the wages of jobs compared
to the county average wage, capital
investment level, and if the company is
part of a targeted industry.
•
JDIG projects must also provide an
economic benefit to the state; be
competitive with locations outside
North Carolina; be necessary to carry
out the project in the State; and meet
certain health insurance, safety and
environmental requirements.
JDIG Target Parameters by Tier
2016 Charlotte Region NC Finance Tiers
Charlotte Region Designations
Tier 1
Tier 2
Tier 3
Tier 1 - 125 jobs at an average wage of
105% of the county average wage and
capital investment equal to or greater than
$10,000 per job
Tier 2 - 150 jobs at an average wage of 110% of the county average wage and a capital investment equal to or greater
than $10,000 per job
Tier 3 - 200 jobs at an average wage of 115% of the average wage (or the state average wage, whichever is lower) and
a capital investment equal to or greater than $10,000 per job. Mecklenburg county is an exceptions to these target
parameters and projects considering it should include at least 250 jobs.
A five member Economic Investment Committee (EIC) evaluates projects and makes decisions regarding JDIG awards.
One North Carolina Fund
Funds made available to the governor as a flexible and discretionary tool allowing North Carolina to respond quickly to
enable job creation and/or retention for projects competitive with other locations. Awards are based on jobs created,
economic impact of the project, the importance of the project to the state, quality of industry and environmental impact.
ONE NC Fund Target Parameters by Tier
Tier 1 - 20 jobs at an average wage equal to the county average wage
Tier 2 - 20 jobs at an average wage equalto the county average wage
Tier 3 - 40 jobs at an average wage of 110% of the average wage (or the state average wage, whichever is lower)
Funds allocated through the ONE NC Fund must be used for installing or purchasing equipment, structural repairs,
improvements or renovations of existing buildings to be used for expansion, and construction of or improvements to new
or existing water, sewer, gas or electric utility distribution lines. Awards are allocated to local units of government as part
of a negotiated challenge grant. Local governments are required to match the One North Carolina award with cash, fee
waivers, in-kind services, donations of landbuildings or other assets or provisions of infrastructure.
41
Sustainability Incentives
• Renewable Energy Tax Credit
•
Renewable Energy Equipment
Manufacturer Tax Credit
•
Biodiesel Production Tax Credit
•
Alternative Fuel Production Tax Credit
•
Alternative Fuel Fueling Infrastructure
Tax Credit
•
Recycling Facility Tax Credit
Green Business Fund
• Businesses with less than 100 people
are eligible
•
Maximum grant amount is $100,000
•
Focus on developing biofuels, the
green building industry, and clean
energy/renewable energy projects
R & D Tax Credit
• Credit equal to a percentage of those qualified NC R&D expenses
– Small Business 3.25%
– Tier 1 County 3.25%
– Other 1.25% - 3.25% depending on investment level
•
Company that has NC university expenses is allowed a 20% tax credit
•
May be used to offset up to 50% of state income tax or franchise tax
after all other credits are applied
•
Carry forwards up to 15 years
Sales Tax Exemption for Large Scale Data Centers
• Qualified large data center projects investing in real/personal property
exempt from sales and use taxes on machinery and equipment. 1%
privilege tax will be imposed on eligible data center purchases (max
$80 per article)
•
Qualified data center projects must be designated as Tier 4
classification as designated by the Uptime Institute and make minimum
real/personal property investment levels based on NC Development Tier
structure as follows:
– Tier 1 county: a minimum of $150 million investment in real and/or
personal property within five years after start of construction
– Tier 2&3 counties: a minimum of $300 million investment in real and/
or personal property within five years after start of construction
NC Port Users Tax Credit
• Companies that utilize the NC ports in Wilmington or Morehead City can become eligible for significant tax
credits
42
North Carolina Financial & Technical Assistance Programs
Industrial Revenue Bonds
• Maximum $20 million per project, $40 million per company
Business Energy Improvement Program
• Low interest rates for energy conservation measures
•
Loans ranging from $100,000 to $500,000
Industrial Development Fund
• Grants or loans for infrastructure related to job creation
•
Max amount of $5,000 per job or $500,000 per project
Road Access Funds
• State will provide assistance on the construction of access
roads to a site
•
Improvements to existing road infrastructure that are required
due to the scope of the project area also available
•
Road improvements must have approval of local officials
Rail Industrial Access Program
• Extensions or renovations of existing rail spurs may be
possible through state funding
•
Local governments may provide other improvements that
reduce rail costs, such as the relocation of streets
•
State’s portion of assistance cannot exceed 50% of the total
project cost
•
Approval of funds based on new jobs created, capital
investment of project, amount of rail use and general impact of
project on community and state
Industrial Extension Service
• Services include training, lean manufacturing assistance,
energy savings analysis, environmental/health/safety analysis,
etc
“North Carolina, specifically this greater Charlotte metropolitan area, we have just found to be a
wonderful home, and we continue to look for opportunities where again building, location, and quality
of hire continue to fit within the purpose of growing.”
- Tracy Ayers, Connextions
43
South Carolina Taxes
Corporate Income Tax
Flat rate of 5% of net income allocatable to the state
Franchise Tax
South Carolina does not impose a franchise tax
Inventory Tax
South Carolina does not impose an inventory tax
Property Tax
South Carolina does not impose a state property tax.
Tax rates based on millage rate multiplied by assessment ratio (4-10.5%)
Manufacturing real & personal property - 10.5%
Commercial real property - 6%
Exemptions
Inventories, intangible goods, pollution control equipment
Property Tax Example
$1,000,000 mfg property in South Carolina:
$1,000,000 * 10.5% * Millage Rate =
Annual City/County Tax Bill
One mill = $ .001
10.5% = assessment ratio of manufacturing property valuation
Millage rates range from .228 - .422
Natural Gas
South Carolina does not impose a natural gas tax
Unemployment Insurance
Average tax rate of $157.30
Employers rate 3.4% (new) to 6.1% (max)
Taxable base $7,000
Most tangible goods
Automobiles, trucks, boats, and aircraft
State Rate
Local Rate
6%
1-2%*
$300 cap
Exempt
Workers Compensation
$2.00 per $100 of covered wages
Long distance telecommunication services
Exempt
Exempt
Manufacturing production machinery
Exempt
Exempt
South Carolina Individual
Income Tax Rates
Federal Deductibility
No
Electricity
Exempt
Exempt
Manufacturing fuels
Exempt
Exempt
Purchases of select goods by manufacturers
Exempt
Exempt
Research & Development equipment
Exempt
Exempt
Computer software for data center
Exempt
Exempt
Piped natural gas to manufacturers
Exempt
Exempt
Pollution control equipment
Exempt
Exempt
Packaging material for manufacturing
Exempt
Exempt
Construction materials for some manufacturing
& distribution projects
Exempt
Exempt
Marginal Rates and Taxes
2.5% > $0
3% > $2,760
4% > $5,520
5% > $8,280
6% > $11,040
7% > $13,800
44
Sales & Use Tax
South Carolina Incentives
Jobs Tax Credit Program
• Credit per job depending on county
designation
•
Additional $1,000 per net new job, if located
in “Multi-County Industrial Park”
Corporate Headquarters Credit Program
• Standard Credit: 20% for headquarters
related real property
–40 new jobs minimum, 20 at
staff level
–Can be used to offset remaining corporate income tax with 10-yr
carry-forward
•
Jobs Tax Credit Example
Company A moves to Tier 2 County
Year
1
Credit per Job
No. of Jobs
Annual Credit
Establish Qualifications for Credit
2
$2,750
100
$275,000
3
$2,750
100
$275,000
4
$2,750
100
$275,000
5
$2,750
100
$275,000
6
$2,750
100
$275,000
Five Year value: $1,375,000
Source: Team South Carolina, 2011 2016 SC Finance Tiers
Enhanced Credit: 20% credit for
headquarters-related personal property
–Minimum 75 new HQ or R&D jobs
–Average wage 1.5 times the state average wage
–Can be used to offset remaining corporate income tax with 15-year
carry-forward
York
Chester
Lancaster
Corporate Headquarters Tax Credit Example
Company B constructs $10 million facility,
including headquarters office
Value of total facility ($10,000,000)
x Percentage of facility dedicated
to HQ (.25) = $2,500,000
$2,500,000 x 20% credit (.20)
= $500,000 Total Credit Value
Chesterfield
SC County Designations
Tier 4
Source: Team South Carolina, 2003
Tier 3
Lancaster County & Chesterfield County
Chester County
Tier 2
York County
Tier 1
None in Charlotte region
Local Property Tax Incentives
• Property Tax Abatements
–$50,000 minimum investment required
–Abates county’s operating millage for first five years
–Generally saves 20%-25%
•
Fee-in-Lieu of property taxes
–Property tax reduction of 30%-45%
–Assessment rate as low as 6%
Tax Credit per Job Creation
$8,000
Tier 4 County (min 10 jobs)
$4,250
$2,750
$1,500
45
Enterprise Program Job Development Credit
• Value based on individual employee wage rates
and development designation of county
•
Value ranges from 2%-5% of actual payroll
•
Minimum 10 net new jobs with healthcare benefits
•
Technology Intensive Sales Tax Exemption
•
“Technology Intensive” new and/or expanding
facilities in South Carolina may be exempt from
some sales and use taxes when the new and/or
expanding facility meets certain investment and
job creation requirements
– Qualify as a “technology intensive facility”
according to SC statute; invest min $300 million in
property over 5 years; min 100 new jobs and above average wages
•
Items exempt from sales and use tax include computer equipment, electricity used by the facility, and
equipment and raw materials
•
Once qualified for this exemption, all future computer equipment purchases are exempt
South Carolina Financial & Technical Assistance Programs
Tax-Increment Financing For Redevelopment Areas
• Firms can benefit by using the financing authorized for municipalities to improve areas within their boundaries.
•
Incorporated municipalities are authorized to issue obligations for redevelopment of their blighted areas or
threatened blighted areas.
•
Obligations must mature within 30 years, and interest rates are determined by the governing body of the
municipality.
•
Eligible projects are buildings; improvements to streets, water, or sewer; parking.
Supplemental Economic Development Fund
• Access to highway funds specifically designated for economic development.
•
$18 million set aside, annually, to be used exclusively for the improvement of highway essential to economic
development projects.
•
Fund can be used for the construction of new or improved roads for the benefit of new or expanding
businesses.
South Carolina Resources Authority
• Created to assist local governments in financing water and sewer projects in rural South Carolina.
46
•
Benefits businesses by enabling the local governments to provide the utility structure needed for the operation
of business and industrial facilities.
•
The Authority acts as an infrastructure bank for composite revenue bonds, loans or grants to any county,
municipality, special purpose/service district, commission of public works and any private nonprofit water and/
or sewer company.
Local Green Initiatives
•
Duke Energy’s miniature “smart grid” to start test run in Charlotte, NC. Program will establish smart grid
involving 200 customers, combining 50 kilowatts of solar capacity, smart meters and storage batteries to
determine how to use new technology to save energy and improve service reliability. Program implementation
to start fall 2009.
•
Envision: Charlotte is a unique public-private collaboration that is leading Charlotte to become a global model
for environmental sustainability and measurable community results. The key components of the program are
reducing energy use and costs. Through emerging technologies building energy usage is displayed in near-real
time.
•
Catawba County’s EcoComplex is a Renewable Energy Industrial Park combining energy production, business
and waste management systems. Capturing the gases generated from the natural process of bacterial
decomposition, the county sells the electricity to Duke Energy with annual sales averaging $550,000.
•
Catawba County’s Building Services Division has implemented the Green Building Incentives fee structure for
home and commercial buildings. This provides the New Structure Owner/Builder a limited 25% reimbursement
(not to exceed $500) on their permit(s) ensuing a Certificate of Occupancy (CO) issuance and with approved
Green Building certification. It also provides Existing Structure Owner a 50% permit(s) reimbursement with an
approved Green Building certification. The Green Building Incentives fee structure will also provide the New
Structure Builder/Owner a 50% reimbursement of all fees related to plan review or express plan review for
commercial buildings ensuing an approved Green Building certification by a third party inspection agency.
•
Mecklenburg County, NC offers an incentive for new homes and businesses to be constructed in a sustainable
manner. For new projects completed after January 1, 2008, which are certified under LEED* or Green
Globes**, the county will issue a rebate of up to 25% (up to $100,000) for the cost of a permit. LEED is a
certification program for sustainably designed homes and commercial buildings, and Green Globes certifies
commercial buildings.
79
81
7.67¢
Utilities
64
9.46¢
Sales Tax, Special Provisions (NC/SC)
Electricity1.4%/none
Natural Gas
2.83%/none
Manufacturing Fuels
1.0%/none
Manufacturing Equipment
1.0%/none
Telecommunications Service (intrastate) 7.0%
Source: Energy
Information
Administration,
November 2014
85
77
Average Electricity
Rates for All Sectors,
by Southeastern
States
40
8.71¢
40
26
85
9.33¢
95
20
9.42¢
16
75
Electricity Rates for Selected States
Electric Rates
(per kWh)
Commercial
Industrial
10
95
NorthSouth New New
Carolina Carolina Oregon California York Ohio MexicoMassachusetts
7.90
5.80
9.22
5.67
8.15
5.49
12.60 15.419.48 8.44
9.47 9.415.95 5.69
14.14
13.38
4
11.00¢
Source: Energy Information Association, December 2010
47
Workforce
Average Regional Earnings per Worker
Construction $59,036
Manufacturing $65,291
Wholesale Trade
$70,489
Retail Trade $33,650
Transportation & Warehousing $60,418
Information $96,308
Finance & Insurance $112,309
Real Estate & Rental & Leasing $63,131
Professional & Technical Services $84,057
Management of Companies & Enterprises $132,931
Administrative & Waste Services $39,988
Educational Services $43,308
Health Care & Social Assistance $52,307
Accommodation & Food Services $18,544
Source: EMSI Database 2014
Unemployment Insurance
Florida$107.70
Georgia$140.26
South Carolina
$144.07
Ohio$246.08
Illinois$305.23
New York
$317.87
North Carolina
$333.95
Pennsylvania$370.81
Michigan$411.36
Massachusetts$504.32
Average Workers
Compensation, 2010:
North Carolina
$1.85
New York
$2.75
South Carolina
$2.00
New Jersey
$2.82
California$3.48
Illinois$2.35
Montana$2.21
Source: Oregon Workers Compensation
Study, 2014
Source: US Average = $281.41;
American Institute for Full Employment,
September 2010
48
Development Zones
77
State Development Zones
HUBZone counties and tracts
Statesville
Hickory
40
Salisbury
Mooresville
321
85
Lincolnton
Concord
Shelby
74
85
Gastonia
Charlotte
485
Kings Mountain
Rock Hill
Monroe
74
77
Cost per SF: Downtown Office Space
Washington, DC
$53.43
San Francisco, CA $66.41
Miami, FL
$35.45
Dallas, TX
$21.42
Boston, MA
$50.33
Los Angeles, CA
$35.52
New York, NY
$51.97
Houston, TX
$37.75
Chicago, IL
$34.55
Charlotte, NC
$24.92
Source: CB Richard Ellis, 2014 Q 4
49
Business Climate Rankings
Business Climate Rankings
#3, #6 North Carolina and South Carolina rank 3rd and 6th, respectively, in “Top 10 State Business Climate” rankings. Source: Site Selection Magazine, November 2014
#4, #5 North Carolina ranked 4th, South Carolina ranked 5th for “Best States to Conduct Business”
Source: Chief Executive Magazine 2014
#8 South Carolina ranked 8th, North Carolina ranked 6th for “Best Business Climate”
Source: Business Facilities Magazine , August 2014
“…county and state officials demonstrated that not only a large pool of qualified workforce was readily
available, but they also offered incentives for additional training. This type of commitment is very
important to our company and very much in line with our strategic drivers…”
- R. Panico Peres, director of operations, Sabo USA, Inc, which opened its first North American facility in Lincoln County
in 2007, adding 100 employees to its 30,000sf plant and investing $10 million over a 3-5 year period.
50
Transportation
51
Transportation
Accessible, Reliable Infrastructure Network
The Charlotte region provides quick, reliable access to your
customers, suppliers and workforce.
•
Centrally located along the Eastern U.S. coast
•
Able to reach 60% of the U.S. population (130+ million
people) within one day’s drive
•
Heart of the Southeastern U.S., the fastest growing region
in the country
•
110+ distribution centers located throughout the Charlotte
region
•
Foreign Trade Zone #57, located in Charlotte USA,
includes two general purpose zones
•
Logistics hub for companies such as Target, Rack Room
Shoes, Black & Decker, Ross Stores, TJ Maxx, Spencer
Gifts, Crate & Barrel, Family Dollar, Frito Lay, Food Lion
and Lowe’s.
“After conducting a national search, the Charlotte area provided the most compelling opportunity to
strategically and cost-effectively grow our business. We look forward to building our presence in the
Davidson community and to beginning this exciting new chapter for MSC.”
- David Sandler, CEO, MSC Industrial Direct Co.
•
Over 60% of U.S. population (more than 130 million
people) can be reached within one day car/truck drive
•
Charlotte Douglas International Airport is the world’s
seventh busiest international airport
•
•
•
Norfolk Southern and CSX are the primary rail
providers in the Charlotte region
Three interstates intersect the 16-county Charlotte
region — I-85, I-77, I-40 — and I-95 lies 110 miles to
the east
Wilmington, Morehead City and Charleston ports
serve the area; Port of Savannah located just over the
Georgia/SC state line
Driving Times (Charlotte to listed city)
CITY
MILES
KM
Atlanta, GA
243
391
3:57
Chicago, IL
765
1231
12:13
Jacksonville, FL
384
618
6:17
Memphis, TN
620
998
9:22
Miami, FL
735
1183
11:39
Nashville, TN
422
679
6:59
Orlando, FL
524
843
8:13
New York, NY
646
1039
10:27
Richmond, VA
293
471
4:54
Savannah, GA
252
405
4:17
52
DRIVING TIME
(HRS)
Transportation
Highway
•
I-485 Beltway around Charlotte ¾ complete;
northwest section still under construction.
Expected completion date — December 2012
•
Distribution hub for the sixth largest urban region
in the U.S.
•
Intersection of 3 major interstates – I-77, I-85 and I-40
Proximity
to
Major Market Centers
in the
U.S.
Minneapolis
Boston
Chicago
Denver
2000 Miles
1500 Miles
Detroit
Cincinatti
1000 Miles
Los Angeles
New York City
Washington, D.C.
500 Miles
Memphis
Atlanta
Phoenix
Dallas
Savannah
Houston
Miami
53
Transportation
Air
Charlotte Douglas International (CLT) Airport:
Nonstop International Destinations
Top International
Business Destinations
Beijing, China
•
Nonstop service to 159 destinations
•
CLT 712 daily departures
•
CLT is second largest American Airlines hub
•
Safety net – even if flights are missed; hub status ensures
additional flight options available
Madrid, Spain
•
Less than 10 minute security clearance wait
Amsterdam, Netherlands
•
On-site air cargo facilities constructed by UPS, FedEx, Emory
Worldwide and DHL
•
Parking, ticketing areas and baggage claim undergoing significant
renovations to accommodate increase
in traffic
•
Charlotte’s fourth 9,000 sf runway complete
•
Business valet parking service provides VIP treatment for
business travelers
•
Construction of new $200 million international terminal to
meet needs of growing international service
•
Wireless Internet areas offered throughout airport
Paris, France
Frankfurt, Germany
London, UK
Toronto, Canada
Munich, Germany
Tokyo, Japan
Mexico City, Mexico
Rio De Janeiro, Brazil
54
Transportation
General Aviation in Charlotte USA
•
Charlotte USA region includes 17 general aviation airports that
range in capacity from 20-150+ aircraft per day
•
Every county in the 16-county region includes at least one
municipal airport
•
Five regional airports serve more than 100+ aircraft per day
•
Top five largest regional airports include:
– Concord Regional Airport in Cabarrus County
– Monroe Regional Airport in Union County
– Gastonia Municipal Airport in Gaston County
– Hickory Regional Airport in Catawba County
– Bryant Field Airpark in York County
Daily Non-stop and Single Plane Air Service from Charlotte
55
Transportation
Rail Access
in
Charlotte USA
•
Charlotte USA region has extensive
rail network
•
Status as inland port due to foreign
trade zone status, direct rail access
and intermodal capability within the region
•
Daily express service
•
600 trains run through the region weekly
Charlotte USA’s status as an inland port:
Charlotte USA is served by the largest consolidated rail system in the country
Links to 22 states in the eastern half of the U.S.
Rail connections to the Carolina coast give the region the status of an inland port
Access to a Foreign Trade Zone
Support services:
Brokers
Off-line railroad sales offices
Freight consolidators
Custom house brokers
Logistics consulting
Rail Connection
•
CSX and Norfolk Southern both operate large, well-equipped rail yards in Charleston
•
Daily express services inbound and outbound
•
Double stack trains
•
Exceptionally high and wide rail clearances
•
Intermodal service provided to Wando Welch Terminal via direct dray to the
railhead, allowing for more generous cutoff times
CSX Transportation
•
Provides rail transportation and distribution services over 18,759 route miles and
32,462 track miles in 20 states in the East, Midwest, and South; the District of
Columbia; and Ontario, Canada.
Norfolk Southern Railway
•
Rail lines extend over 14,300 miles of road in 20 states, primarily in the Southeast
and Midwest, and the Province of Ontario, Canada.
L&C Railroad
56
•
Owned by the Gulf & Ohio Railways, Inc. of Knoxville, TN, well-capitalized;
financially strong; 60 mile short line railroad based in Lancaster, SC (35 miles south
of Charlotte, NC).
•
Connects to the national rail network through both CSX and Norfolk Southern.
Transportation
Port Access
in
Charlotte USA
Port of Charleston, South Carolina
•
Busiest container port along the Southeast and Gulf coasts
•
Ranks fourth nationally
•
Access to 13 of the top 15 carriers in the U.S.
container trade
•
Intermodal access via rail and highways to the
Charlotte region
Distances to Carolina Ports
Port of Savannah, Georgia
•
•
•
Features the largest single-terminal complex with the
longest contiguous dock on the east coast, including 9,700
feet of contiguous berth space
Over 3 million square feet of available warehouse space
within 30 miles and largest concentration of important
distribution centers on the East Coast
PORT
MILES/ KM
TIME
Wilmington
196 mi/315 km 3.7 hours
Charleston
208 mi/335 km 3.5 hours
Savannah
250 mi/402 km
4 hours
Morehead City 316 mi/508 km
5.5 hours
Norfolk
5.5 hours
323 mi/520 km
Rail access to the Charlotte region via Norfolk Southern and
CSX Transportation
Port of Wilmington, North Carolina
•
Full service deepwater port and marine terminal serving container, bulk, and breakbulk operations
•
Rail access to the Charlotte region via Norfolk Southern and CSX
•
Deck height averages 12 ft. above mean low water and served by a 42-foot naviational channel
•
Facility can outload over 800 tons per hour with a 70,000 ton storage capacity
Port of Morehead City, North Carolina
•
•
•
Ranks second in U.S.
rubber imports, second
to New Orleans, LA
Direct highway
access – I-95, I-40,
US Hwy 17
Direct rail access via
Norfolk Southern
77
85
Durham
Asheville
40
•
Total of 6,630 L.F. of berthing
dredged to 50’ and is capable of
handling 12,000-14,000 Twentyfoot equivalent (TEU) vessels
and served by 14 Super PostPanamax Class quay cranes.
Total static capacity of 33,000
TEU’s or 18,966 containers
Greenville
Raleigh
85
CLT Intermodal
Facility
Charlotte
New Bern
Fayetteville
Greenville
Rockingham
Spartanburg
85
Jacksonville
Morehead City
77
95
26
20
Port of Norfolk, Virginia
•
95
High Point
Statesville
26
Wilmington
Florence
Columbia
Myrtle Beach
20
26
95
Charleston
Major cities
Ports
CLT Intermodal Facility
Savannah
57
Transportation
Foreign Trade Zone #57
Foreign Trade Zones
•
Designated site licensed by the Foreign-Trade Zones (FTZ) Board at which special customs procedures
may be used
•
Allow domestic activity involving foreign items to take place prior to formal customs entry
•
Duty-free treatment is accorded to items that are re-exported and duty payment is deferred on items sold
in the U.S. market
•
Intermodal access via rail and highways to the Charlotte region
General Purpose Zones
•
Open to multiple users
•
Manufacturing permitted but most common use is warehouse and distribution activity
Subzones
•
Special-purpose zones, typically designated at manufacturing plants
•
Approved for use by one company for a specific activity
Benefits
•
Merchandise may be manipulated, used
in a manufacturing process, inspected,
combined with other domestic or foreign
materials, displayed for sale and/or
re-exported without payment of duty
•
Savings on personal property, sales
and use taxes
•
Savings on interest, labor and
shipping costs
INFO TO COME
58
Foriegn Trade Zones
About Us
59
About Us
Economic Development Services
The Charlotte USA Economic Development services team provides a central location for your site selection needs
when considering our 16-county region for a business location. We offer custom real estate searches and site tours,
custom market research, contacts to regional organizations, and an objective perspective for incentive negotiations.
We navigate the way for you or your client to fully understand the dynamics of our region, the market potential for
various industries and the site selection process.
We are a nonprofit agency, funded by the public and private sector from around the Charlotte USA region charged
with the mission to market collectively Charlotte USA to the world as a premier place to do business. Our services
are free of charge to our clients.
“Charlotte and its sister communities are one region, one economy, one environmental area, one society”
- The “simple premise” for the foundation of Charlotte’s regional success. The Pierce Report, 1995.
Our services include:
•
Site selection consulting
– Reliable, objective advisors to guide you through real estate options among 16-counties
– Arrange visits to the region to tour commercial properties, residential neighborhoods, meet with other employers or staffing agencies, community colleges/universities and other assets around the region
– Provide descriptions and answer questions regarding tax and incentive programs applicable to properties in North and South Carolina
•
Custom research
– National cost of living comparisons
– National tax and incentive comparisons
– Regional labor market statistics
– Regional demographic reports
– Regional market profiles by industry
– Mapping to show proximity to markets, customers, suppliers, other assets in region
•
Regional Resource
– Liaison to contacts around the 16-county region
– Legal, accounting, logistics advice to introductions to K-12 school administrators, state training
program coordinators, university research professors, and residential and commercial real estate agents, to name a few
60
About Us
About Us: Economic Development Services
Collectively, our team has more than 50 years experience in economic development, and has extensive experience
advising companies large and small, that are based overseas or in the U.S., with needs for manufacturing facilities,
R&D operations, corporate headquarters campuses and beyond.
Ronnie Bryant
CEcD, FM, HLM, President & CEO
As President and CEO of the Charlotte Regional Partnership, Ronnie Bryant promotes the 16-county Charlotte
USA region as a premier location for expanding and relocating businesses. With more than 30 years of technical,
managerial and economic development expertise, Bryant is nationally known for establishing and implementing
successful economic development programs, with a strong emphasis on existing industry expansion and retention,
regionalism and marketing.
Vanessa Goeschl, CEcD
Sam Boykin
Senior Vice President, Economic Develoment
Director, Public Relations and Communications
Vanessa manages marketing and research initiatives
for 16 counties within the Charlotte region, conducting
custom research upon request, cmarketing the Charlotte
USA brand and assisting with related economic
development projects. She has previous worked for
the USDA Rural Development State Office in Jackson, MS,
as a community development specialist. She is a Certified
Economic Developer since 2009.
Contact: [email protected]
Sam develops and implements communications strategies
to increase awareness of the Charlotte Regional Partnership
and of the Charlotte region as an ideal location to live and do
business. In addition to responding to daily media inquiries,
he maximizes opportunities for editorial exposure in all news
outlets, including Web-based and print publications and an
annual economic development guide.
Laura Foor
Director, Marketing & FTZ Administrator
Marvin Price
Project Manager, Business Development Services
Marvin oversees client relationships that position Charlotte
USA for new jobs and capital investment. Additionally,
he manages and facilitates client visits to the region,
providing introductions to key allies and partners, and
remains a resource for clients once they locate to the
region.
Steven Pearce
Director, Research
As director of the research department, Steven is
responsible for conducting customized research for the
16-county Charlotte region, as well as responding to
research requests by stakeholders.
Laura serves as the Foreign Trade Zone Administrator for
Foreign Trade Zone #57. She has previous experience in
managing business retention and expansion programs,
at the community level, as well as project management
experience at the regional level within the CRP.
Kathleen Byrne
Project and Events Manager
Kathleen is responsible for the logistics of all business
development travel, as well as planning and logistics for
Partnership events.
61
About Us
Success Stories
Sealed Air
Sealed Air Corp., a Fortune 500 company known for making Bubble Wrap, is moving its headquarters to Charlotte,
bringing 1,262 jobs. The move marks the largest corporate headquarters relocation in
Charlotte history, in terms of jobs and investment. Sealed Air will spend at least $58 million
building a new campus in the city. Sealed Air was also considering Greenville, S.C., South
Carolina and Atlanta. The relocation will shift the company’s headquarters from Elmwood
Park, N.J., to the Queen City. The Charlotte campus will also consolidate three divisional headquarters locations and
research and development. the company decided on Charlotte because of its quality of life, climate, schools, and
also an aggressive recruiting effort from state and local officials.
•
Located in Mecklenburg County, NC
•
Fortune 500 Headquarters
•
Hiring 1,262 employees, with an average salary of almost $120,000, and investing more than $68 million
“We manufacture in locations all around the world. We have manufacturing in 120 locations. We need to be
able to get in and out. I spend about 200 days on the road. I don’t have a company jet, and I don’t intend to
buy one. The fact that American Airlines’ second-largest hub is here is important, We have looked at other
states with very big airports also. This is the best combination we could find.”
- Jerome Peribere, President & CEO, Sealed Air
Giti Tire
Giti Tire Group of Singapore will spend $560 million to bring 1,700 jobs to Chester County for a tire plant that will
eventually make 5 million tires a year. The company will produce tires at a 1.8 million-square-foot plant that will be built
at the industrial mega-site on Interstate 77, south of S.C. Highway 9, near Richburg. The facility
will be the first tire plant in the United States for Giti Tire. The Charlotte Regional Partnership
assisted the firm with their relocation to the region in 2014.
•
Hiring 1,700 local workers
•
Cited quality workforce as deciding factor in location decision
“Chester County is an excellent location for Giti Tire, offering extensive and efficient infrastructure network
including interstate highways, rail, close proximity to airports and a major metropolitan area to support the
company’s needs and growth for many years to come.”
- SLei Huai Chin, Managing Director, Giti Tire Group
62
About Us
Gordon Food Service
Grand Rapids, Mich.-based Gordon Food Service is planning to build a new
300,000-square-foot distribution center in Cabarrus County, creating 275 new jobs and
investing approximately $58 million over the next five years in Kannapolis. Construction
on the new facility is scheduled to begin this fall and completed in about a year. Gordon
Food Service is North America’s largest privately held, family-managed broadline
foodservice distributor. The company distributes to foodservice operators within the Midwest, Northeast, Southeast,
and Southwest regions of the United States and coast-to-coast in Canada. This will be the company’s first presence
in North Carolina.
•
Announced in late 2014
•
Logistics and Food Distribution Industry
•
Investing $58 million in capital investment and hiring 275 local employees
““We are excited to add the Kannapolis location to our distribution network. The addition of this facility
increases our capacity to serve national concepts, Group Purchasing Organizations and independent
foodservice customers in the Southeast region of the United States.””
- Jim Gordon, CEO, Gordon Food Service
MetLife
MetLife, a global life insurance and employee benefits company, chose Charlotte for its U.S.
Retail Business hub. The company chose Charlotte and Raleigh over other sites in St. louis,
Missouri. The Charlotte Regional Partnership assisted the firm in its location decision. The
company will invest $125.5 million and employ more than 1,300 at its new hub..
•
Announced in 2013 in MecklenburgCounty, NC
•
Created 1,500 jobs, more than the 1,300 originally expected
•
Investing $125.5 million
““North Carolina has much to offer our employees and the company. The strong sense of
community in Charlotte and Cary, as well as the region’s robust infrastructure and
sustainable talent pool were all compelling reasons for coming here”.
-Eric Steigerwalt, Executive Vice President, MetLife
63
About Us
Apple
Apple Inc has chosen Catawba County for the location of its only East Coast data center that will be operational
by late 2010. The 500,000 sf facility is located along the “technology corridor” that is emerging in
the Hickory metro area, and has been touted as the largest capital investment project in the history
of the state. A recent change in state tax law affecting corporate income tax calculations, as well as
existing infrastructure such as redundant power, water and fiber-optics capabilities factored heavily into
the company’s final location decision. The Apple data center sits just 30 miles down the road from a
Google data center that opened in 2008.
•
Located in 2009 to Maiden, NC
•
500,000 sf data center facility on 183 acres hiring 50 Apple-badged employees, and additional 250-300 local
workers to maintain the site
•
Investing $1 billion over ten years
•
Largest capital investment project in North Carolina history
“Strong and redundant power, water and fiber optics were the primary characteristics
that made this a special site.”
- Scott Millar, president of Catawba County Economic Development Corporation, on landing the new
Apple data center that will be constructed in Maiden, NC
Nestle
Nestlé Waters North America will build a $40 million bottled-water plant near the Chesterfield County community
of McBee.The plant, which will produce Deer Park and Nestlé Pure Life brands of water, will have as many as 50
employees. It’s expected that the plant will open in early 2016.
•
Announced new facility in November 2014 in Chesterfield County, SC
•
Investing $40 million in capital and creating 50 local jobs over the next few years
•
Building a new 200,000-square foot bottling facility to be completed in early 2016 “We’ve been studying water in Chesterfield County for several years and we look forward to continuing to
build strong relationships in the community as this new facility becomes operational.”
64
- Lance Tully, Senior Natural Resource Specialist, Nestle Waters
About Us
Red Ventures
Red Ventures recently unveiled its new 180,000-square-foot Fort Mill, S.C., facility, complete with a bowling alley,
beer garden, spin and yoga studios and a coffee bar. The Internet marketing firm’s new building has 60 themed
meeting rooms and long cubicle-like stations, rather than offices. The
innovative, Silicon Valley-inspired design and architecture is unique for the
East Coast, and intended to attract world-class talent, company officials said.
The five-story building can house 1,200 employees. The company intends to
hire most of its new employees from within South Carolina, and hopes to reach 1,800 employees in the state by the
end of the year – a 50 percent increase from the current 1,200 employees in South Carolina.
•
Two campuses in Charlotte USA including in Mecklenburg County, NC and Lancaster County, SC
•
Country’s largest technology-enabled platform for growing sales and marketing businesses, and expertise in
Home Services, Energy, Financial Services, Insurance, and Software industries
•
Founded in 2000 in Charlotte USA nad headquarted in Fort Mill, SC
•
Employs more than 2,100 people
AIG
Insurance company American International Group plans to create 230 jobs in Charlotte through the opening of a
technology center in Mecklenburg County. The New York-based company plans to invest more than $5.5 million in
the operation, which was launched in 2014. Plans call for the jobs to be created by the end of 2017.
This AIG location will provide application development and management services for the
company. The center will create and test software used for underwriting, sales and marketing,
risk rating and claims payments. The Charlotte Regional Partnership played a key role in the
company’s decision to consider Charlotte USA.
•
Located in Dec. 2013 to Mecklenburg County, NC
•
Insurance Company
•
Hiring 230 employees and investing $5.5 million
“We are looking forward to growing our capabilities in Charlotte. The combination of a highly skilled work
force and a focus on economic growth in North Carolina supports our goals of developing world-class IT
products and services to support our business and our customers.”
- Robert Dickie, Chief Operations and Systems Officer
65

Business Location Profile - Charlotte Regional Partnership

Transcription

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