Charlotte Snapshot: International Business & Foreign Direct Investment

As the world’s athletes gather in Tokyo for the 2020 Summer Olympics, we are placing a #FreshStart spotlight this week on the roles of international business and foreign direct investment across the greater Charlotte region.

Did you know?…

  • More than 1,000 international companies representing 40 countries call the Charlotte region home.
  • More than 250,000 foreign-born individuals and families are located across the region.
  • North and South Carolina are 2 of only 9 US states where employment in international business exceeds 7% of total employment.
  • Almost 50% of international companies in the Charlotte region are in manufacturing.
  • The Charlotte region recorded a nearly 16% increase in exports between 2016 and 2019.

Thanks to the Charlotte Regional Business Alliance for providing these statistics.  Learn more about international business and foreign direct investment across the Charlotte region here.


The Power of Manufacturing in the Charlotte Region

Did you know that the manufacturing sector ($26 billion) contributes nearly as much to the Charlotte region’s GDP as the finance sector ($28 billion)?  The Charlotte Regional Business Alliance has published a new report on the manufacturing sector that includes the following key highlights:

  • Over the past 5 years, the Charlotte region’s manufacturing sector has grown twice the national average.
  • The region is experiencing growth in sectors such as automotive parts suppliers, plastics and advanced textiles, machinery manufacturing, and energy manufacturing.
  • Manufacturing remains the largest sector by employment in 10 of the region’s 15 counties.
  • In 7 of the region’s 15 counties, manufacturing accounted for 27% or more of net new jobs over the past 5 years.

Learn more.


Good News! Charlotte’s Economic Recovery

With all the challenging economic news of 2020, the Croixstone team was thrilled to read the newly-released Growth Report for Q3 2020 published by the Charlotte Regional Business Alliance.  The report spotlights the economic recovery momentum that is taking place across the greater Charlotte – including the addition of 43,000 jobs in Q3.  

Read the report to review Q3’s big stories including Centene, Retirement Clearinghouse, FITT USA, GNT, Silgan Containers, Big Sky Fulfillment, Intellisite, Moore Nanotechnology and more.


Spotlight on South Carolina

South Carolina plays an important role in driving the Charlotte region’s economy.  Four of the state’s counties are members of the Charlotte Regional Business Alliance’s Economic Development Advisory Council.  These counties include: Chester, Chesterfield, Lancaster and York. 

For the 11th consecutive year, South Carolina has earned a top stop in Area Development magazine’s list of “Top States for Doing Business in 2020.”  South Carolina made the annual list at #3 (behind third place Georgia and second place Tennessee and ahead of fifth place North Carolina). 

Read Area Development magazine’s 2020 rankings here.