Market

North Carolina and Charlotte

Charlotte is the largest city in North Carolina. The Charlotte metro area population is approximately 2,380,000. The city experienced the largest percentage population growth in the United States of 42 urbanized areas (U.S. Census) from 2000 – 2010 and also recorded the 4th largest growth in its job market in 2011/2012 of 51 large Metropolitan Statistical Areas (MSA).Charlotte-Growing-City.jpg

Charlotte is the 2nd largest financial center in the United States with the largest bank in the US, Bank of America, headquartered in Charlotte.  Wells Fargo’s eastern US headquarters is located in Charlotte as is its capital markets group. A Federal Reserve Bank branch is located in Charlotte and other banks with a substantial presence in Charlotte include JP Morgan Chase, Ally Financial and Citibank.  

North Carolina boasts one of the best economic climates in the U.S. Forbes magazine has ranked North Carolina as one of the Top 5 Best States for Business—a spot that it has secured for 10 consecutive years.

Fortune 500 companies with headquarters in the Charlotte metro area include Lowe’s, Nucor, Duke Energy, Family Dollar, Sealed Air Corporation, SPX Corporation, Domtar and Sonic Automotive.  The Charlotte region is a major base of energy- oriented businesses such as AREVA, Babcock & Wilcox, Electric Power Research Institute, Fluor, Metso Power, Piedmont Natural Gas, Siemens Energy, Shaw Group, Toshiba, URS Corp, Westinghouse and Duke. Charlotte also boasts 35 colleges and universities serving 180,000 students.

Charlotte Douglas International Airport

clt-douglas.jpgCharlotte's  international airport is the 6th most active airport in the United States with 721 departures daily that serviced 44.8 million passengers in 2015. The Airport has experienced 6.9% annual growth in enplanements since 2006. Eight domestic and three international airlines provide service out of Charlotte to 155 non-stop destinations worldwide. 

One of American Airlines’ largest hubs is located at Charlotte Airport. With the completion of the Norfolk Southern Intermodal Facility at Charlotte Airport in December 2013, further industrial growth in the area was assured.  

The Charlotte airport is undergoing massive improvements and expansion that will increase capacity and drive growth in
the airport sub-market. Improvements will include access roadways, concourse and terminal expansion and a 4th
parallel runway.