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Old 10-06-2015, 08:11 AM
 
Location: Southport
4,639 posts, read 4,780,176 times
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Quote:
Originally Posted by super karate man View Post
I keep hearing people on this forum talk about Charlotte's economy beyond banking/finance. The major payers around here seem to be Bank of America, Wells Fargo and Duke Energy. TIAA Creff, and Ally Bank, and IBM seem to be others. Besides the aforementioned companies, what other Fortune 500 companies have a major footprint in Charlotte? I'm not talking about an office set up downtown that only has a few people, I'm talking about a company that has a nice size workforce in the city offering opportunities for those in the cites, not just an office set up acting as an outpost for transplants within the company only.
Why Fortune 500 companies? I don't know which of the following are in the Fortune 500 (which seems pointless) but they have major facilities in and around Charlotte:

Siemens, Husqvarna, Electrolux, Time Warner, Met Life, Belk, Family Dollar, Harris Teeter, Capgemini, Lowes, American Airlines, Novant, Carolinas Healthcare, Red Ventures, Snyder's-Lance, Ingersoll Rand, Premier, UTC Aerospace Systems, AvidXchange, Sealed Air and many more.
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Old 10-06-2015, 08:35 AM
 
Location: Mooresville, NC
2,143 posts, read 2,611,764 times
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I think most of the focus in news outlets for Charlotte is around Finance, rarely do we hear about a real diversification although the numbers provided on the second post certainly disprove that. Thanks for providing the facts carolinadawg, was interesting to read.

The growth in the healtchare sector is impressive and somewhat surprising in terms of how it's outpaced other areas.
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Old 10-06-2015, 09:09 AM
 
Location: charlotte
125 posts, read 167,324 times
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Quote:
Originally Posted by carolinadawg2 View Post
Why Fortune 500 companies? I don't know which of the following are in the Fortune 500 (which seems pointless) but they have major facilities in and around Charlotte:

Siemens, Husqvarna, Electrolux, Time Warner, Met Life, Belk, Family Dollar, Harris Teeter, Capgemini, Lowes, American Airlines, Novant, Carolinas Healthcare, Red Ventures, Snyder's-Lance, Ingersoll Rand, Premier, UTC Aerospace Systems, AvidXchange, Sealed Air and many more.
Fortune 500 presence is often used as a benchmark for gauging a city in terms of economic growth (Why do you think people always post on this forum whenever a major company is even discussing setting up shop here in Charlotte). Also they often bring better paying jobs and more of them compared to smaller and mid-size companies.
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Old 10-06-2015, 09:57 AM
 
Location: Southport
4,639 posts, read 4,780,176 times
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Quote:
Originally Posted by super karate man View Post
Fortune 500 presence is often used as a benchmark for gauging a city in terms of economic growth (Why do you think people always post on this forum whenever a major company is even discussing setting up shop here in Charlotte). Also they often bring better paying jobs and more of them compared to smaller and mid-size companies.
Feel free to cross check that list against the Fortune 500.

This article says the Charlotte region is home to 7 Fortune 500 headquarters and 17 Fortune 1000 headquarters:

Fortune 500 lists 7 Charlotte-area companies, down from 8 | The Charlotte Observer

That type of information may be used as a benchmark for gauging a city in terms of economic health (not growth), but its not a particularly useful indicator. Many non-Fortune sized companies provide well paying jobs in meaningful numbers. And then there's foreign firms (like Electrolux) that are Fortune 500 sized, but aren't eligible to be listed. As always, a deeper dive into the data is more useful and more telling; thus my post at the beginning of this thread. Charlotte's corporate roster and diversified economy is impressive.
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Old 10-06-2015, 10:11 AM
 
29,719 posts, read 27,143,552 times
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Quote:
Originally Posted by 28173 View Post
after that tobacco, textile & furniture...
Maybe if you're talking about the 1960's in the Triad.
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Old 10-06-2015, 11:12 AM
 
436 posts, read 334,778 times
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Tobacco fields are not grape vineyards. The textile industry is now overseas thanks largely to Clinton (NAFTA, etc). Furniture is still big but as Mutiny77 said, it is in the Triad (and Hickory) mostly.
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Old 10-06-2015, 11:16 AM
 
Location: Southport
4,639 posts, read 4,780,176 times
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Quote:
Originally Posted by richard rawaon View Post
Tobacco fields are not grape vineyards. The textile industry is now overseas thanks largely to Clinton (NAFTA, etc). Furniture is still big but as Mutiny77 said, it is in the Triad (and Hickory) mostly.
NAFTA was a product of the George H. W. Bush administration.

Last edited by carolinadawg2; 10-06-2015 at 11:56 AM..
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Old 10-06-2015, 11:52 AM
 
989 posts, read 738,662 times
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Nucor, Coca-Cola Bottling Co. Consolidated, National Gypsum and Enpro are all public companies headquartered in Southpark. Seems like they are forgotten about when people discuss Charlotte companies.
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Old 10-06-2015, 01:30 PM
 
436 posts, read 334,778 times
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Quote:
Originally Posted by carolinadawg2 View Post
NAFTA was a product of the George H. W. Bush administration.
You are right. It is the end result of the pushing for the Free Trade Agreement from further back. It was actually signed in December of 1993 and enacted in 1994 during the Clinton administration. I don't know if it was actually a bad thing, but it did put the final touches in getting rid of textiles in the south. The agreement was intended to allow more exports from the U.S. and provide more jobs. Just textiles went away completely in N.C.
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Old 10-06-2015, 02:35 PM
 
6,270 posts, read 9,994,546 times
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Quote:
Originally Posted by Pfalz View Post
Nucor, Coca-Cola Bottling Co. Consolidated, National Gypsum and Enpro are all public companies headquartered in Southpark. Seems like they are forgotten about when people discuss Charlotte companies.
They're a lot of careers forgotten when Charlotte's economy is mentioned. For example, there is a major trucking/rail facility on Graham Street INSIDE of the I-277 loop. There are tons of decent paying jobs there, but it's never mentioned when Charlotte's uptown employment is the topic.

Another example is Northwest Charlotte (an area of town thought to be a jobless wasteland of poverty). In reality, NW Charlotte is where the gasoline/fuel oil pipelines run through this area. There you will find fuel haulers, terminal operators, and terminal managers all earning between $50k and $100k-plus annually depending on their work schedules and job titles. People from as far away as Hickory commute daily to NW Charlotte for these jobs (jobs that have been in Charlotte for decades).

My point is that Charlotte is a hub for MANY different operations and careers. No city becomes the Nation's 22nd largest metro and 22nd largest metro GDP by being a 1-trick-pony. This is why Charlotte's metro GDP is quite larger than places like Orlando and Vegas. Charlotte succeeds in more ways than one.

https://en.m.wikipedia.org/wiki/List...n_areas_by_GDP

https://en.m.wikipedia.org/wiki/List...tistical_Areas
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