ECONOMIC DEVELOPMENT

The last five years have been among the most challenging in the nearly 250-year history of Charlotte. The Great Recession erased the mythology that our community was invulnerable to the vicissitudes of national economic fortunes. Home construction, property values, business investment, and community philanthropy plunged downward at rates not seen since the Depression. Unemployment rates […]

By Owen Furuseth The last five years have been among the most challenging in the nearly 250-year history of Charlotte. The Great Recession erased the mythology that our community was invulnerable to the vicissitudes of national economic fortunes. Home construction, property values, business investment, and community philanthropy plunged downward at rates not seen since the […]

Charlotte ranks near the bottom in a recent study of access to jobs via automobiles in the top 51 U.S. metro areas. Raleigh ranks even lower. The study, Access Across America, by David Levinson, the R.P. Braun/CTS Chair in Transportation Engineering at the University of Minnesota, ranks the Charlotte metro area No. 40, with the […]

“In 1965, if you had a good back and a good alarm clock, you could make a good living in Milwaukee,” Mayor Tom Barrett told a recent Raleigh conference, because of the strength, at the time, of that city’s manufacturing sector. Although rural Stanly County is very different, that Milwaukee attitude was also the prevailing […]

Since Charlotte Mayor Anthony Foxx gave his State of the City speech Monday, most of the publicity has focused on his remarks about the proposed streetcar, about a proposal in the legislature to remove Charlotte/Douglas International Airport from city control, and his comments about the Charlotte Chamber. Those are important issues. But another issue may […]

Containment policies, such as Urban Growth Boundaries (UGBs), are becoming more widespread as metro regions try to control sprawl and revitalize central cities. Mecklenburg County’s northeastern neighbor, Cabarrus County, has tried such an approach in hopes of preserving small town atmospheres and farmland. Disappearing farmland and mounting pressure from developers reached an apex in 2004. […]

The first quarter 2013 Charlotte Business Confidence Index report, released Jan. 2, shows Mecklenburg County business leaders’ optimism about economic prospects in the first quarter 2013 improved compared to their expectations for the fourth quarter 2012. The overall index value of 54.2, an increase of 1.8 points compared to the fourth quarter 2012, represents improved […]

Many people are surprised to learn that agriculture is the No. 1 industry in the state. However, North Carolina is losing farmland faster than any other state – and the number of dairy farms is down dramatically. Agriculture is estimated to be worth more than $70 billion annually to North Carolina’s economy. Agriculture and agribusiness […]

In any other time, the request might not have been so hard. But a nonprofit developer’s plea last week to use $2.3 million in city money from federal grants to help repair Charlotte’s historic Mecklenburg Mill came after a recession and a brutal, lingering downturn. It also came after the City of Charlotte had already […]

Charlotte city officials are pushing two groups with competing visions for the future of the Carolina Theatre to work together to help save the history-rich venue that’s been vacant, on a prominent uptown corner, for more than 30 years. The two groups on Thursday pitched differing proposals for the city-owned facility to a Charlotte City […]