21 Mar 2023

Project activity in Charlotte Region off to a strong start in 2023

The Select CLT team generated strong results in the first two months of 2023, reaching 8% of the qualified projects and 11% of our qualified leads goals. We are continuing our focus on building strong relationships with site selectors, individuals who are key influencers on how often our region is considered for new projects. By deepening their knowledge of our region and its strengths, we increase the likelihood of the region being on the short list of companies considering relocating operations.

Through February, we have a project pipeline of $7.1 billion in potential capital investments in the region with a projection of 18,900 jobs. These projects are all new business opportunities, and do not include expansion projects. For comparison, when examining both expansions and new recruitment projects for all of 2022, announcements in the region totaled $4.8 billion in capital investment and 7,400 jobs in the region. 

The mix of projects considering our region has shifted over the last few months with a larger percentage of projects focused on office. However, the majority are industrial, which is historically the case for the region.

   

Our region continues to remain attractive to companies throughout North America and the world. We will continue to work together with our economic development partners at the state and local levels providing quarterly updates on our progress throughout the year. 

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