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Charlotte enjoys a well-deserved reputation as a business leader. As the center of the nation's fifth largest urban region, the Queen City has the comprehensive transportation, service, support and labor resources that business require.

Charlotte also brings with it another valuable advantage: the state of North Carolina. The Tar Heel State is well known for its strong commitment to business. Charlotte - the state's largest city - and its companies are both key contributors to the state's robust economy and key beneficiaries of it.

Thanks to their convenient location, strong economy and progressive leadership, Charlotte and North Carolina are a strong team in today's economy. Together, they offer exceptional opportunities and unparalleled quality of life to companies that choose Charlotte for their new, expanding or relocating operations.

A Strong Business Climate

During the last three decades, thanks to the foresight and initiative of leaders across the state, North Carolina has created a competitive business climate favorable to a highly diverse range of companies.

Agriculture, once the state's major industry, remains a valued part of the state's economy, particularly in the eastern half of the state. However, business friendly regulations, the abundance of low-cost labor and state investments begun in the 1960s shaped North Carolina in a major manufacturing state. By 1998, manufacturing firms employed nearly 23 percent of all nonagricultural workers in the state, compared with only 15 percent in the nation.

Today, as manufacturing growth slows nationwide and economic competition becomes more challenging, North Carolina again has taken the initiative by developing and implementing a strategic plan to create high-quality jobs, high-performance businesses and prosperity across the state. The goal: to position North Carolina for continued national and global success in the 21st century.

  


 
 

Economical Utilities

Utilities are economical in Charlotte especially when compared to most U.S.locations. Duke Energy Corporation, a national leader in the utilities industry, generates power to the area from an efficient combination of nuclear, coal-fired and hydroelectric facilities with rates at 15% below the national average. A plentiful supply of natural gas is available from Piedmont Natural Gas. Telephone and telecommunications services are provided locally by over 30 companies. Long distance service is provided by a wide variety of telecommunications firms.

A jewel in the city crown is its generous and high quality water supply from the mountain stream fed Catawba River. The countywide water system provides service to more than 700,000 customers. The system has a maximum daily treatment capacity of 242 million gallons with an average daily usage of 100 million gallons. Wastewater treatment daily capacity is 118 million gallons with average usage of 84 million gallons per day. Water and sewer rates are among the lowest in the nation.

  
 
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