The Charlotte Region is still seeing positive economic growth, the CLT Alliance Research Team found.
In the third quarter of 2024, the region had $23 million in capital investments and 86 announced jobs. The unemployment rate sat at 3.32%.
LCI-Lineberger, a heavy civil contractor, is one of the companies adding jobs. In early September, the Lancaster County Department of Economic Development announced the company was expanding.
LCI-Lineberger will invest $8 million to create at least 10 new jobs at its asphalt manufacturing facility in the KCH Industrial Park on Kershaw-Camden Highway.
Part of the $8 million will also be invested in new equipment.
LCI-Lineberger is headquartered in Lancaster County and already employs more than 100 people, the Lancaster County Department of Economic Development said.
The company’s expansion is evidence of a healthy economic environment in the Charlotte Region. This year, 30 announced projects have resulted in 1,827 announced jobs and more than $663 million in capital investments.
This quarter, South Carolina has announced nearly 1,300 jobs across the state. In North Carolina, that number tops 4,000.
There are 66 active projects in the Charlotte Region that are projected to generate about 18,570 new job opportunities.
The region is attractive to investors. It has low corporate tax rates, a range of incentives for businesses, and a commitment to fostering a business-friendly environment. This makes the landscape appealing to both domestic and international companies interested in initiating or expanding their operations in the area, contributing to the ongoing economic vitality of the Charlotte Region.
