Charlotte's new convention center has doubled the business of its predecessor, hosting 285 events in 1995, compared to 87 events in 1994, and bringing $270 million to the metropolitan area. Nearly 350 events already are booked through the year 2010.
Opened February 1, 1995, the New Charlotte Convention Center is the largest public building project in state history. The center, with a price tag of $148 million, is among the nation's twenty largest in terms of total exhibit space.
With a solid economic foundation, strong business community, and a diverse, high-quality workforce, Charlotte is a growing economic giant, attracting foreign-owned firms and banking, health care, and professional sports enterprises.
Twenty-one planned or in-progress projects, including the Carolina Panther NFL Stadium, Farmers Market, NationsBank, and Ivey Townhomes, are transforming uptown Charlotte.
Beginning on July 23, 1,200 men were sent to open Camp Greene in Charlotte. It took six weeks to construct and at its height 40,000 troops lived at the camp. The camp not only trained troops for combat but improved the economic situation of Charlotte.
Interstate highways attract business and foster growth. Charlotte is an example a commercial center benefitting from the presence of interstates, specifically, I-85 and I-77.
Charlotte is known as a development hub in North Carolina, which has helped its economy to grow continuously. Various companies have helped bolster the nation’s sixth-largest distribution center.
A strength of Charlotte, North Carolina's economy is its diversity. One such industry that adds diversity without putting strain in the region's resources is travel and tourism. In 1990, it was estimated that tourism pumped $1.26 billion into the local economy, providing revenue and jobs to the region.
Commerce officials in North Carolina encourage local businesses to sell overseas, but relatively few have explored the options of selling products abroad. The experience of Arcon Manufacturing Incorporated, a Charlotte-based manufacturer of grain silos, illustrates the challenges of conducting business overseas.
The tourism industry in North Carolina boomed in 1987, and the industry's impact is steadily increasing. Charlotte is just one community where hotels are providing jobs close to home and capitalizing on the tourism market.
A Charlotte infertility clinic, the Center for Reproductive Medicine, ran into trouble after mismanaging their money. Such medical facilities are still are still primarily businesses that need to demonstrate good management skills in order to achieve success.
Charlotte-Mecklenburg Hospital Authority works to bring in top nurses for employment in Charlotte’s hospitals despite declining enrollments in nursing programs in North Carolina since 1983.
Charlotte boasts a growing business community, in part the result of the Greater Charlotte Economic Development Corporation's efforts to bring business to the city.