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.
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.
The boom continues! The Charlotte Regional Business Alliance has released its Q1, 2019 “Growth Report” and the numbers continue to show economic strength across the region. Among the first quarter highlights featured in the latest report:
- Net New Jobs in Q1: 8,065
- Announced Expansion or Relocation Projects: 25
- Announced New Capital Investment: $93.6M
- Industry Sector with Highest Growth Rate in Hiring: Transportation & Logistics
According to research from the former Charlotte Regional Partnership, there are 194 German-owned firms in the greater Charlotte region; making Germany the most largely represented foreign country in the region. Learn more about Germany’s investment in Charlotte and why so many German firms have chosen to conduct business in our region.
This past summer, Morgan Stanley published research on the growing global gig economy. The study shared that the USA’s freelance workforce has grown three times faster than the overall workforce. Freelancers today represent about 35% of the total U.S. working population, and Morgan Stanley shared that this number could represent more than 50% of the nation’s workforce by 2027. Read a high-level overview of the study to learn more about the drivers behind today’s gig economy.
In June, the Charlotte Regional Partnership announced that it was launching a new quarterly economic activity report to capture an overarching look at capital investment, job growth and other important business data across the 16-county Charlotte region. We read the published report and learned that the vast majority of companies that located or expanded in the region are manufacturers. The report also reinforced that financial services is not the largest employer among the region’s industry sectors (it is healthcare by a large margin). Read the new report here.
LinkedIn publishes a monthly analysis of employment trends in the USA workforce. The report is divided into two sections: a National section that provides insights into hiring, skills gaps, and migration trends across the country, and a City section that provides insights into localized employment trends in 20 of the largest USA metro areas. In its newly-published July report, LinkedIn shared that Charlotte ranked among the top 10 cities in two different categories. Learn more here.
Croixstone’s business model is firmly founded in the “expert economy” as an “on demand” provider of highly-experienced, well educated consulting professionals. According to a recent article published by Forbes, the growing on-demand model offers many companies access to a diverse talent pool that doesn’t exist in-house and would never make sense to build. Read more here.
Did you know that healthcare accounts for 1 in 10 jobs in the Charlotte region? That represents more than 137,000 diverse workers offering varied skill sets and education levels. And did you know that the Charlotte region has the largest concentration of medical device manufacturers in the Carolinas? With a total impact estimated at $13.4 billion, the healthcare sector has a significant, and rapidly-growing, impact on the Charlotte region’s economy. Learn more about our local healthcare sector via industry reports published by the Charlotte Chamber of Commerce and the Charlotte Regional Partnership.