The Growth Report
Tech, Logistics Projects Move Region Forward
Tech and Logistics dominated Charlotte Region job announcement growth in the second quarter of 2019, while manufacturers in the region focused on investing in new facilities. Fewer but more significant announcements made headlines with Lowe’s announcing it would add 1,600 new jobs at a South End technology center in Charlotte and pet accessory company Chewy adding 1,200 jobs at a 700,000-square-foot distribution center in Rowan County.
Technology jobs have grown rapidly in Charlotte over the past five years as corporate headquarters and financial operations use new technologies to protect consumer data and find new ways to enhance customer experience. Startups like data analytics firm Tresata, which announced it would create 50 new jobs, are also driving growth in Charlotte’s tech talent pool. New Alliance research released in June found that tech jobs increased by 30% since 2013, twice the national average rate.
Tech’s influence on consumer behavior is also driving the growth in Logistics and Distribution, as the Chewy announcement in Salisbury confirms. As e-commerce spreads, companies are investing in logistics and distribution operations to reach their customers where they live. Alliance research released in April found that Logistics and Distribution employment in the Charlotte Region grew 66% faster than the national average.
Elsewhere, biotech manufacturer Hydromer announced it would move its headquarters and manufacturing center to Cabarrus County, adding 33 jobs. In Chester County, plywood manufacturer Boise Cascade announced a $17.5 million investment into its facility and chemical manufacturer Jones Hamilton added four jobs. Badger Sports a sportswear manufacturer in Iredell County, announced it would add 82 jobs and Race City Steel in Lincoln announced 30 additional jobs.
Chuck McShane, Ph.D., Vice President of Business Analytics and Data
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