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.


From Bank Town to Auto Town?

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.


July 2018 Workforce Report

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.


Charlotte is One of Top 25 Future Ready Economies in the USA

Last year, Dell introduced its “Future Ready Economies Model” that identified the top 25 Metropolitan Statistical Areas (MSAs) in the country with attributes that enable people and organizations to access new tools and new ideas that deliver better connections, better outcomes – and a better world.

The Croixstone Consulting team has noted with interest that Dell believes that “future ready” cities understand the need to create a collaborative business environment, supporting not only established firms, with their employees and growing number of independent contributors, but also growth-oriented entrepreneurs (knowing that entrepreneurs drive 50% of GDP and 75% of new jobs).

In partnership with IHS Economics, an industry-leading macroeconomics firm, Dell ranked Charlotte at #15 on the USA’s top 25 list of “future ready” cities.

Learn more here.