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Ten-Year Growth of New Businesses
The past ten years of economic development in Charlotte-Mecklenburg totals $8.6 billion in announced new businesses. This investment was by 8,869 firms which created jobs for 75,926 people and absorbed 96.2 million square feet of floor area. The following summary lists major new business announcements since 1993. In this ten year period, significant announcements have included Johnson & Wales University, Robert Johnson's NBA Franchise, SPX, Carlisle Companies, Billy Graham Evangelistic Association, BF Goodrich, Nordstrom, Carrier Corporation, I-77 Regional Mall, Carolina Panthers, Carolina Place Mall, Solectron, John Q. Hammonds Co., T.J. Maxx Distribution Center, Canteen Corporation, Whitehall, Electronic Data Systems, Bell South Personal Communications, Polymerland, Inc., TIAA-CREF, GM Onstar, Renaissance Charlotte Suites Hotel, BJ's Wholesale Club, First Trust Bank, and the Ballantyne Resort Hotel. | New Business 1993 - 2002
| Year Announced | Firms | New Employment | Sq. Ft. (Millions) | Investment ($Millions) | 2002 | 692 | 5,612 | 9.2 | $1441.4 | 2001 | 676 | 4,709 | 10.6 | $881.2 | 2000 1999 | 855 824 | 8,593 9,158 | 8.4 10.1 | $1,303.2 $1,030.4 | 1998 | 979 | 8,822 | 14.9 | $1,600.8 | 1997 | 973 | 8,806 | 8.1 | $383.7 | 1996 | 1,021 | 8,265 | 14.5 | $832.7 | 1995 | 954 | 7,959 | 9.4 | $483.5 | 1994 | 1,052 | 8,003 | 6.1 | $194.8 | 1993 | 843 | 5,999 | 4.9 | $435.2 | 1992 | 751 | 7,010 | 4.1 | $256.9 | Totals (10 Year) | 8,928
| 77,324
| 91.1
| $7,402.2
| Year | Highlights | 2002 | NBA Franchise, Johnson & Wales University, Crosland's West Side Project, NorthCrest Development, Pinnacle Point Development, PCI Wedeco, The Cheesecake Factory | 2001
| SPX, Carlisle Companies, Billy Graham, Evangelistic Association, Davidson/30 Building Toringdon II Development, Floyd Smith Office Building, Beltway Business Park | 2000
| J.A. Jones of the Carolinas Convention Center Hotel, First Charter Corporation, Trizec Hahn's office development at I-77 & Reames Road, Team Vest, Inc., Smith Corner's development at I-77 & WT Harris Blvd. | 1999
| TIAA-CREF, BJ's Wholesale Club, First Trust Bank, Kenton Place, Renaissance Charlotte Suites Hotel, Jackson Tube Service, Crescent Ridge, Cambridge Partners' development at I-485 & S. Tryon, GM Onstar | 1998 | BF Goodrich, Nordstrom, US Airways crew training center, 214 N. Tryon St. building, Carrier Corporation, Birkdale Village, I-77 Regional Mall | 1997 | The Village at Lake Norman, LLC, John Q. Hammonds Co., Six Coliseum Centre, KMD Investments, The Stanley Works, Inc., The Cleaning Solution | 1996 | Electronic Data Systems, Dean and Deluca, North 77 Business Park, Northcross Business Center, BellSouth Personal Communications | 1995 | Polymerland Inc., Whitehall Project, University Center, Silver Lakes Business Park, Morehead Place, Universal American Flowers, Value City Dept. Store | 1994 | The Commons at Chancellor Park, Two Lake Point Plaza, Duke Power/City of Charlotte Parking Deck, Carmax, QXI, Wilson's Supermarket, Canteen Corporation | 1993 | Carolina Panthers, Black & Decker, SupraTech Systems, International Distribution Services, Florida Drum, North Cross Development, Simmons, Lerner Shoes. | 1992
| Solectron Corp., Jobst Institute, tesa tape, T.J. Maxx Distribution, Retail Graphics Printing, Museum Medical Park, Golden Corral, Perkins Family Restaurant |
Related Links
Demographic Maps by Census Tract
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2003 Population Estimates & Projections
Area Salary Survey June 2002
Average Income
Bank of Granite: Economic Forecast
Census 2000 Mecklenburg County
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Commuting in Charlotte
Cost of Living Index
Demographic Profile Maps
Employment Trends
Industrial Firms & Industry Structure
Migration Patterns
MSAs - Fastest Growing
MSAs Ranked by Total Population
Ten-Year Growth of New Businesses
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