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Charlotte Regional Business Alliance

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Charlotte, Mecklenburg County, and its surrounding 15-county region have a dynamic and diverse population and workforce.

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COVID-19 Economic Impact

A joint project of the Charlotte Regional Research Collaborative, this dashboard was created to put in one place disparate data sources to give the Charlotte Region as complete an overview of the COVID crisis as possible.

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COVID-19 Economic Impact
Charlotte Regional Business Alliance

Charlotte Regional Business Alliance

The Growth Report

The second quarter of 2020 was one of the toughest on record. Quarter-to-quarter net job loss in the region exceeded 155,000. June brought partial recovery and, despite the downturn, 22 traded-sector companies announced relocation or expansion plans accounting for more than $1.1 billion in capital investment.

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Data and Research

Regional Demographics

Charlotte, Mecklenburg County, and its surrounding 15-county region have a dynamic and diverse population and workforce.

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Regional Data

Moving the Region Forward.

Our research team tracks the economic and demographic trends that affect your business and the broader Charlotte Region economy.

2.9 million

Population of the region

1.5 million

Total jobs

97  people

Move to the region daily

$187 billion

Gross Regional Product

15.2 Percent

population growth since 2010

17.3 Percent

Growth in 20-34 year old population

26 Percent

Growth in foreign-born population

14 Percent

Projected population growth by 2030

The Demographics

Age Groups

38.1

Median Age

    Place of Birth

    Race & Ethnicity

    • White / Caucasian 62%
    • Black or African American 22%
    • Asian 4%
    • Hispanic or Latino 10%
    • Two or More Races of some other race 2%

    The Workforce

    Workforce Data

    29 Percent

    Production Occupations more concentrated than national average

    20 Percent

    Growth in Production Workforce since 2010

    68 Percent

    Growth in Tech Workers since 2010

    26 Percent

    Labor force Growth since 2010

    Industry Insights

    Industry Whitepapers

    ADVANCED MANUFACTURING

    Traditionally a textile manufacturing hub, Charlotte’s manufacturing industry has diversified and advanced to include thousands of firms in precision metrology, optoelectronics, biomedical technology and chemicals, among other fields. With a low cost of doing business, large available labor pool and strong academic-industry collaboration on workforce training, Charlotte is a prime place for relocating or expanding manufacturing companies.

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    AUTOMOTIVE INDUSTRY

    More than 63,000 people work in automotive sectors in the region, and nearly 16,500 of those work in high-value manufacturing. That’s more than most peer cities, and the sector continues to grow. In the past two years alone, 20 automotive-related companies have announced plans to locate or expand in the region, adding a total of nearly 1,300 new jobs.

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    FINANCIAL SERVICES

    Charlotte's traditional strength as a banking headquarter's city provides the foundation for the region's economic success. As technology transforms the financial services industry, Charlotte's growing population, young and talented workforce and innovative spirit poise the region to take advantage of one of the latest growth industries - FinTech.

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    HEADQUARTERS

    Businesses from throughout the country are making the move, too. Three Fortune 1000 companies across the Manufacturing (Honeywell), Finance (BBT/SunTrust merger) and Medical (Dentsply Sirona) industries have announced plans to move to the Charlotte Region Since November 2018. With nearly 45,000 people employed directly in headquarters, that’s more than twice the national average concentration of headquarters talent in the region.

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    HEALTH CARE

    The Charlotte Region is a growing health care hub that is home to national and international leaders in the health care and life sciences field. Charlotte has a broad range of companies in the health care and life sciences field that focus on everything from manufacturing to research and supply chain management to health care technology innovation.

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    INFORMATION TECHNOLOGY

    In a time of rapid innovation, the Charlotte Region has emerged as a destination for technology talent of all types - from engineering and technician talent in a thriving advanced manufacturing sector, to software development and information security talent in a growing financial services industry, to analytical talent using tech to drive decision-making in the region’s many corporate headquarters operations.

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    INTERNATIONAL BUSINESS

    The Charlotte Region is global. More than 1,000 international companies representing more than 40 countries and 250,000 foreign-born individuals and families call the region home. The continuing relocation and expansion of businesses and people contributes to increasing international connections and partnerships. Foreign Direct Investment (FDI) remains crucial for the prosperity of the Charlotte Region. The strategic location of the Charlotte Douglas International Airport coupled with an intermodal faciltiy and proximity to the ports of Wilmington and Charleston, connect the region to major global business hubs including London, Munich, Frankfurt, and Toronto. The Charlotte Region is ready to welcome more international companies for ongoing global engagement and economic growth within a culturally diverse environment.

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    LOGISTICS AND DISTRIBUTION

    Location, infrastructure and talent. Those three elements combine to make Charlotte ideal for distribution and logistics operations. Located at a strategic point on the East Coast between major ports and inland cities, the Charlotte Region provides easy access to the bulk of the United States’ population.

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    Quote
    Chuck McShane, PhD

    For More Information

    Chuck McShane, PhD

    Senior Vice President
    Economic Research
    704-378-1327