Since the 1990 census ranked Greenville, Goldsboro, Fayetteville, and Rocky Mount as Metropolitan Statistical Areas, their growth and economic development is exceeding larger cities to the west. This trend is predicted to continue beyond the year 2000.
A lack of usable land to develop, high unemployment, and inadequate infrastructure often lead the state's coastal and mountain counties to depend highly on tourism for revenues, while at the same time seeking other ways to enlarge their economic base.
While many of the state's counties are experiencing economic growth, thirty-one counties are lagging behind. Lying mostly east of Interstate 95, they are made remote by geography and a lack of highways.
The state's seventy-five largest public companies range from banks to transport companies to makers of collecting cards. However, most of the market value is concentrated in the state's financial institutions - banks, thrifts, and brokerages.
When Steve Leeolou, Rich Preyer, and Haynes Griffin began Vanguard Cellular Systems, Inc., in Greensboro in 1984, few cities had cellular telephone networks. Now it is one of the country's largest independent networks, employing over 1,200.
Jim Heavener has built a media empire in Chapel Hill called The Village Cos. The company, which includes the Tar Heel Sports Network and the Village Advocate shopping guide, is also the largest publisher of campus telephone directories.
Biltmore Estate in Asheville celebrates its centennial in 1995. George Vanderbilt's grandson, William Cecil, after turning the estate into a tourist attraction, now has a growth strategy to increase yearly revenues from $35 million to $100 million.
Charlotte-based W. R. Bonsal Company has supplied railroad builders, built railroads, and manufactured gravel, sand, and cement-based products from the ton to the bag during its 100-year history. William R. Bonsal, III, now heads the company.
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.
The Big Rock Blue Marlin Tournament, held each year off Carteret County, offers $500,000 in prizes. It also benefits tourism, charitable groups, and business, from bait shops to big boat builders like Hatteras Yachts in New Bern.
Of the state's largest privately owned companies, six are 100 years old, with Harvey Enterprises & Affiliates in Kinston the oldest at 124 years. Of the remainder, almost one-third are over 60 years old.
James Steven Koury, Greensboro's most successful but controversial developer, achieved his success by charting his own course and staying away from the city's good-ol'-boy network and inner circle.
In 1994, ten of the state's 150 hospitals provided forty percent of the hospital care. With 7,000 empty beds statewide at any given time, mid-sized hospitals must either develop ways to keep patients from going elsewhere or else close.
The number of microbreweries, which produce a maximum of 15,000 barrels yearly, increased in 1994 from two to seven statewide. Tim and Susan Johnson left high-paying jobs to move to Charlotte to become microbrewers in this growing industry.
At Windward Farm near Hubert in Onslow County, Don Thompson does not grow lettuce the old fashioned way. He grows it hydroponically throughout the year. With an increase in sales each year since 1992, he now ships a ton a week.