Real Estate Market: America’s Top States for Business

North Carolina is in The Top 5 

By Pat Riley
More good news was released this week discussing the bright future of North Carolina. . After a two year absence, North Carolina was ranked #4 in CNBC’s 2010 Edition of “America’s Top States for Business.”  So, what does that tell us? 
North Carolina Ranked #4
  We know that folks are retiring here. We know for a fact that the population is growing organically.  We know the state of North Carolina, through its state university systems and private universities, is attracting bright young talent.  We know that young people who go away to school return back here to build a career and start a family.  We know that folks seeking a second career are migrating here to retool and regenerate.  We know that career professionals who are self employed, and need an international airport, choose us for their landing pad. All of these contribute to steady growth and are the icing on our cake. The cake itself is the statistics, facts and rankings illustrated in this report.  Being ranked 4th in America for business friendliness and attractiveness is the best, most fortified, foundation we could ever hope for.  We moved up in the rankings this past year which bodes well that our Chamber of Commerce(s), our public/private partnerships, and our economic development incentives are paying off and are successful in their quest to promote the benefits of living here.  Moving forward, we must also be diligent to control expenses and tax increases so that we stay competitive and continue our climb up the chart.

Mill SOLD in Mooresville, NC

  Burlington Industries Mill in Mooresville SOLD   Jan 13, 2010 – The Charlotte Business Journal A New York-based company has purchased a massive and vacant textile mill on South Main Street in Mooresville. Concord Global Trading plans to open a retail/wholesale center for furniture at the 38-acre site. It used to house a Burlington Industries plant. Concord Global intends to open the Wow Home Furnishing store in May with inventory valued at $3 million to $4 million. The company paid $500,000 to Cherokee Investment Properties of Raleigh for the site, which contains 755,000 square feet of indoor space. The plant was built in 1895 and bought by Burlington in 1955. Burlington closed its denim production at the site in 1999 as part of a major restructuring. The site has seen three redevelopment schemes that failed to be built. Burlington and Fluor Corp. proposed a racing-themed business park a few months after the plant closed. In 2002, Cherokee Investment announced the $15 million Victory Lane Mills, a low-density business park. Later plans called for a $175 million high-density, mixed-use community called Mooresville Mills. Concord Global owns two other Wow Home Furnishing sites. They are in Fort Lawn, S.C., and Jefferson, Ga. 704-896-5141 Office

Charlotte,NC- Business In The Area


Greater Charlotte Business This city, which seems to eat, sleep and talk business, has become known as one of the nation’s hottest places to make a living. From its traditional banking, distribution and manufacturing bases, Charlotte has expanded into a center for e-commerce, information technology, nationwide customer service centers and other sophisticated business ventures. Banking remains the heart of Charlotte business. The city is the second-largest banking center in the United States and boasts headquarters for Bank of America and Wachovia. It also includes operations for other banks, mortgage lenders and financial services companies. Because of its ideal location at the intersection of I-77 and I-85, Charlotte also is a major distribution center; in fact, it is the nation’s sixth-largest in terms of trade and distribution. Site Selection magazine ranked it fifth in the country for new and expanded distribution operationsadding 192 facilities in the past 15 years. Charlotte/Douglas International Airport is a showpiece for the city and a major asset for recruiting individuals and businesses. The nation’s 16th busiest in terms of total operations, Charlotte/Douglas averages more than 600 flights daily and moves more than 184,000 tons of cargo each year. It’s the largest hub for US Airways, which offers flights to points all over the United States and internationally.   International Business If you flew into Charlotte/Douglas International Airport, you’d see “Welcome” signs in a variety of foreign languages. That’s because Charlotte is becoming a magnet for international business. According to the Charlotte Chamber of Commerce, more than 650 foreign-owned companies do business in Charlotte. Countries with the greatest representation include Germany, Great Britain and Japan, with Canadian, Swiss and Italian firms on the rise. Charlotte’s banking industry has been extremely accommodating to start-up firms and minority businesses.   Call Centers The city also has become a hot spot for telephone service centers, or call centers, including those for Vanguard, TIAA-CREF and Wachovia. Microsoft recently opened a campus in southwest Charlotte, which serves as its East Coast products support center and Microsoft’s second largest operations center in the world. Additionally, GE Power Systems, Lowe’s Corp. and Unifi Technology Group have established their primary e-commerce business here.   Attracting Top Companies Thanks to its powerhouse companies, Charlotte regularly pops up on the annual Fortune 500. Of the several N.C. firms on the list of industrial and service companies, Charlotte is home to seven: Bank of America, Goodrich, Duke Energy, Nucor Corp., Sonic Automotive, SPX Corp. and Wachovia. Family Dollar Stores in Matthews and Lowe’s in Mooresville are other Fortune 500 companies right outside of Charlotte. Additionally, more than 300 Fortune 500 companies have facilities here. In 2000, Muzak moved from Seattle to Fort Mill, S.C., adding hundreds of new jobs to the area, and the billion-dollar Hearst Corporation occupies much of the Hearst Tower, which bears its name. More top-notch firms are moving to Charlotte, adding to the vibrant business climate. In the past 10 years, nearly 8,500 firms have opened in Charlotte, bringing 77,000 new jobs and investing $9.6 billion in new facilities. As with many areas of the country, this spectacular growth has left Charlotte a little strapped for workers – good news for newcomers. The city has an exceptionally low unemployment rate, and skilled, experienced, dedicated employees are warmly welcomed. Throughout the region, the story is the same. Other counties in the Charlotte metro region have equally healthy economies, thanks to their proximity to Charlotte’s amenities as well as their own aggressive recruiting efforts and, in some cases, incentives to relocating businesses. While each county has its own special assets, they also tout Charlotte’s benefits, recognizing that the city drives business growth.

For a list of area businesses, click here

For a list of top employers, click here

For Greensboro/High Point employers, click here

                                                                                                                                     704-896-5141 Office                                                                                                            Allen Tate Company