Constructions ramping up on the new light rail line to UNC Charlotte. But even as work plows ahead on the $1.1 billion project, its not clear whether the new line can match the economic spark supplied by the Blue Line, which fueled the South Ends rebirth.
Major corporations don’t fill out the entire picture when it comes to growing the employment base. Another part, one that’s easy to overlook right now, is how well or poorly a city grows its own small businesses into big businesses. Case in point: The Schubert brothers.
Last summer, the Charlotte Chamber went to Houston to look at ways to grow the energy sector, among other topics. On Wednesday, about 130 people will join the chamber on the latest inter-city visit, this time to Minneapolis.
Nearly seven years after Charlotte officials brought light rail to the South End, the area is booming with new apartments, restaurants and shops. But residents say the city overlooked one crucial task: making South Boulevard safe for pedestrians and cyclists.
This was to be the year construction launched on perhaps the most important public project to hit uptown in years: a $150 million-plus plan to demolish the Trade Street Greyhound station and replace it with a modern transit hub. What happened?
If you haven’t been up to the University City area in awhile, you might want to go take a look – now. If what has happened in the South End over the past few years is any indication, the university area stands on the brink of a substantial makeover, courtesy of the $1.6 billion extension of the Lynx light-rail line from uptown.
The Charlotte region has some 918 foreign-owned firms hailing from about 46 countries, according to the Charlotte Chamber. Germany provides the biggest chunk of them, nearly 200. But increasingly, more are coming from China – about two dozen now and rising.
After MetLife leased an already-built tower and revamped the lobby, leaders of Ballantyne Corporate Park say they’d like to give the owners of their next potential tower the chance to make changes before construction starts.
The creation of a new statewide job recruitment group leaves some leaders wondering whether they should keep contributing to the Charlotte Regional Partnership. There’s even talk it should be merged into the Charlotte Chamber.
The old Philip Morris USA campus in Concord has sat dormant since the tobacco giant shut the site down in 2009, taking more than 1,000 jobs and one of the region’s most significant manufacturing operations with it. People have been speculating ever since about what will replace it.
Charlotte businessman and former mayoral candidate Scott Stone says political and economic uncertainty at the national level is causing local businesses to stay cautious about expanding their operations.
Developer Anthony Dilweg, former quarterback for Duke University and the Green Bay Packers, is betting big on Charlotte. He and his colleagues recently announced the purchase of 121 W. Trade St., a 32-story office tower, for $59.6 million.
North Carolina’s economic development leaders hope a lot more guys like Charlie Rice turn up in these parts. He’s a job creator who recently moved his business to the town of Davidson. But didn’t receive financial incentives to move to the state. He just likes it here.