Charlotte, NC| Top 10 Employers in Charlotte
July 21st, 2008 Categories: Charlotte Business
The Top 10 Employers in the Charlotte Area
Charlotte has quickly become one of the centers of business in the south east. Always a banking town, Charlotte is beginning to add to its repertoire with several health care companies, technology, and energy companies moving major offices to Charlotte. The largest city between Washington D.C. and Atlanta, Charlotte boasts a highly educated work force and a strong business economy. The 10 companies below are the largest employers in the Charlotte area. The data is over a year old, collected in January of 2007, and jobs have been growing in Charlotte not being reduced over the past year (source: Charlotte Chamber of Commerce).
1. Carolina Healthcare System (26,283 employees)
2. Wachovia Corp (20,000 employees)
3. Bank of America (13,960 employees)
4. Wal-Mart Stores Inc. (12,918 employees)
5. Food Lion (8,658 employees)
6. Duke Energy (7,500 employees)
7. Charlotte-Mecklenburg Schools (7,500 employees)
8. City of Charlotte (5,896 employees)
9. Adecco (5,000 employees)
10. US Airways (4,981 employees)
The interactive map below shows the locations of the 10 largest employers in the Charlotte area. Please click on the icons for more information about each company.
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It is a strong buyers market here in the greater Charlotte area. Thinking about moving to Matthews, Charlotte, or Weddington? Lake Norman? You can quickly compare area prices with the links below, or just give me, Terry, a call at 704-351-1519. I am a Buyer’s Agent specializing in relocations–and will represent only you. You can also search the entire MLS, by area with the first link below.
Related Links
Home Appreciation in Charlotte
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Charlotte NC|Recession, No Recession, Charlotte Moves Forward
April 16th, 2008 Categories: Charlotte Business, Charlotte News and Politics
Charlotte Business Says No To a Recession
By all accounts -except for a few Washington bureaucrats, our country is in a recession. Started by the crash in housing that began late in 2005, then the financial markets that began in late 2006, but really tanked in 2007, our country is an economic downturn, most experts are calling a recession. Recently, top bank economist went on the record saying they don’t see an end until the national housing market “bottoms out” most likely late in 2008 or sometime in 2009.
The Charlotte Chamber announced yesterday that first quarter job creation, was identical to first quarter 2007, at about 3000 jobs. Forbes noted last year that the three cities with the healthiest real estate- Charlotte, Portland and Seattle, all created jobs faster than the national average. In Charlotte, our real estate home sales have slowed down, but prices have remained remarkably steady (rising 2.3% according to Case-Shiller in 2007 to lead the nation’s major markets) as sellers who “have to move” have been able to find the buyers they need.
As I’ve written before, our downtown (uptown) has a multitude of cranes- 2 office towers, including massive Wachovia
center with more square footage than the Bank of America tower, a 32 story BOA office tower,a Ritz-Carlton Hotel, a boutique hotel, the Nascar Hall of fame, between 10-12 hi-rise condominium projects, and the just completed Metropolitan Center which brought Target, Home Depot and other major retail to our uptown area.
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Charlotte, NC Bank of America to buy Countrywide (still)
January 21st, 2008 Categories: Charlotte Business, Real Estate News
Charlotte, NC| Bank of America still planning on buying out of Countrywide
by Bob McDonald (Research and Marketing Assistant)
First and foremost I hope everyone is enjoying a relaxing day away from work to commemorate Martin Luther King day. Martin Luther King Jr. was an amazing man who showed that there is power in a dream and that one person can make a difference. Normally I’d be working the 8:30-6 shift at East Carolina University’s Online Programs Office (it pays the bills while I’m finishing up an MBA) but it’s MLK day so no school, no work for me!
I’ve been researching the Countrywide purchase and did want to post this -about a still wobbly merger that could add some traction to the housing correction. Last week everyone heard and was excited (Wall Street Journal and Reuters) that Bank of America (BoA) planned on following-up its 2 billion August investment in Countrywide with outright purchase of the company in the 3rd quarter. Countrywide, the largest mortgage lender in the US was in deep trouble before BoA’s August bailout. I believe this is good news for any individual interested in buying, selling, or investing in real estate. BoA has the deep pockets to withstand the sub-prime situation and keep Countrywide intact. This week fears were swirling again as analysts suggested that BoA had overvalued Countrywide at $3.8 billion or $6.55 a share. While BoA and Countrywide representatives both refused to comment on the situation the deal is still believed to go through as BoA had several broadly written clauses in the initial contract for further re-evaluation of Countrywide’s worth, if their situation deteriorates further.
If the deal does go through it would make BoA the largest mortgage lender in the country. BoA is the area’s third largest employer with almost 14,000 jobs in the Charlotte metro area; this number would probably grow with an acquisition of Countrywide, and its huge portfolio of loans. That, plus Countrywide access to BofA customers? This could be a big addition for the Charlotte area in the years to come in terms of job growth and development. That would be a a win/win, and for Countrywide, preferable to the alternative.
Thanks for reading, don’t be shy and comment.
Sources
Mortgage News Daily
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more links and photos beyond…. Search for Charlotte Real Estate… Read the rest of this entry »
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Charlotte NC Real Estate was #1 in Appreciation, say S&P Case-Shiller, Through the 3rd Quarter of 2007
November 30th, 2007 Categories: Charlotte Business, Charlotte Real Estate Market Reports
Charlotte NC Real Estate Still Appreciating, and Undervalued!
A Mea-Culpa, Some new Charlotte Business facts, a new video introduction to Charlotte and other Friday Ramblings by this Charlotte real estate agent.
So when you get it wrong, you get it wrong–earlier this week I reported Charlotte was #2 in appreciation, when in fact, by a couple 100th’s of a %, Charlotte was the fastest appreciating major city in the nation in the latest Standard & Poors-Case-Schiller housing report of the top 20 real estate markets in the US, leading Seattle, Portland, Dallas and Atlanta. Of course the headline was 15 of 20 markets were in price decline- and I hear it from Realtors around the country too.
Thursday night Federal Reserve Chairman Ben Bernanke spoke to the very well attended Charlotte Chamber and announced “flexibility”on his thoughts about future interest rate cuts. In his honor, I wanted to start our Charlotte Business category.
Charlotte NC Business Facts
Did you know that Charlotte is:
the 20th largest city in the nation
2nd largest financial center in the US, 4th largest in the world
8 Fortune 500 companies are located here
largest consolidated rail center in the US
10th largest airport in the US, 11th largest (measured by daily flights
Charlotte Mecklenburg School System, 19th largest in the US. 5 high schools ranked in Newsweek’s top 200 high schools in 2006. Charlotte also ranks #1 or #2 at the 4th and 8th grades in the latest annual NAEP reports of lower socieoeconomic status
322 of the Fortune 500 businesses have operations here
The two reasons businesses cite for moving to Charlotte? First, is our highly educated workforce. 2nd, the quality of life for their employees.
Lat but not least, my Charlotte Introduction Video
Here are a couple of other recent articles about the strong Charlotte real estate market by Forbes.com and ABC News 
People interested in moving to Charlotte, investing in Charlotte, or buying in Charlotte, you deserve expert representation. Give me a call and a try out, and I’ll work every day to make you a raving fan. Terry McDonald
Call me direct at 704-351-1519, and I’ll see you in Charlotte!
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