25% of the manufacturing workforce is over 55 years old. At the same time, the manufacturing industry is struggling to attract enough younger workers with the right skills and qualifications. Facing a workforce crisis—with open jobs in manufacturing recently reaching an all-time high—manufacturers are finding that retaining older workers is not only a necessity but an asset. Learn more here.
Recently, Fortune magazine profiled Charlotte and the city’s impressive economic renaissance and exploding startup scene (the Queen City can now boast that it has birthed three “unicorns” including Tresata, Red Ventures and AvidXchange). Learn how Charlotte became the south’s capital of capital.
At the beginning of August 2019, Business North Carolina magazine published its annual list of the 50 largest public companies in North Carolina. New to the list: Honeywell International (#2), Dentsply Sirona (#11), Advance Auto Parts (#13), Kontoor Brands (#33), BMC Stock Holdings (#36), Precision Biosciences (#44), Barings BDC (#46) and Biodelivery Services International (#49).
The Carolina Fintech Hub was formed in late 2017 with the mission of fostering collaboration between the world’s leading financial services firms and innovative Fintech startups. View Carolina Fintech Hub’s new “Pitchbook” to learn about this unique organization’s focused efforts to fuel the future of Fintech in the Carolinas.
WFAE in Charlotte recently aired and published a story that caught many by surprise. The story revealed that Charlotte is on pace to surpass Raleigh-Durham in the number of tech jobs that each metro area holds. Seven days later, Lowe’s announced that they will be building a new 23-story global technology hub in Charlotte’s South End and adding as many as 2,000 new tech jobs to the Queen City. Read WFAE’s story here.
LinkedIn publishes a monthly report on employment trends in the U.S. workforce. The report provides helpful insights into hiring, skills gaps, and migration trends across the country, From a migration perspective, LinkedIn captures insights tied to members who change their locations on their profiles. In the June 2019 report, Charlotte was among the top three USA cities (behind Austin and Denver) that gained the most workers. Read LinkedIn’s June 2019 Workforce Report here.
You may know that the U.S. automotive manufacturing industry has shifted to the southeastern USA. But did you know that the Charlotte region is benefiting greatly from this trend? According to research from the Charlotte Regional Business Alliance, more than 63,000 people work in automotive sectors in our region (more than Greenville, SC and more than most of Charlotte’s peer cities). Over the past two years, 20 automotive-related companies have announced plans to locate or expand in the region, adding a total of nearly 1,300 jobs. Learn more here.