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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 Demographics
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2003 Population Estimates & Projections
Area Salary Survey June 2002
Average Income
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Census 2000 Mecklenburg County
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Cost of Living Index
Demographic Profile Maps
Employment Trends
Industrial Firms & Industry Structure
Migration Patterns
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MSAs Ranked by Total Population
Ten-Year Growth of New Businesses


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