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@businesstodaync
September 2019 Published monthly
YEARS
Business Intelligence for the Golden Crescent: Lake Norman • Cabarrus • University City
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Entrepreneurs WamBam experiences phenomenal growth
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Volume 18, Number 6 $1.50
Regional economic outlook remains bright BY DAVE YOCHUM Despite devastating hurricanes and uncertainty around international trade, the regional economy appears to be going strong as we approach the final quarter of 2019. The Charlotte region—home to a growing array of financial and technology firms—is driving much of the state’s growth, which is increasingly concentrated in professional and business services, financial activities, healthcare and technology. Charlotte added nearly 100 people a day in 2018, a reflection of a dynamic, diverse economy. Meanwhile, more than 25 firms announced major expansions or relocations. Honeywell is relocating its corporate headquarters here
from New Jersey, Avid Exchange announced plans to essentially double its workforce and Carvana announced a major expansion into Cabarrus last month. The Great Recession hit North Carolina’s financial services and manufacturing sectors particularly hard, according to Wells Fargo economists. North Carolina took longer to recover and generally lagged behind the nation through the first four years of the recovery. From July 2018 to July 2019 the state added over 75,000 jobs, at a rate slightly ahead of the nation. Indeed, the state’s economy continSee Economy page 8
Metro Area Net Domestic Migration: Top 20
Event Business Warrior Dash left a non-profit holding the bag
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Economic Development Mooresville has the ‘authentic’ feel of a real downtown
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Dallas-Fort Worth, TX Phoenix, AZ Houston, TX Austin, TX Tampa, FL Atlanta, GA Charlotte, NC San Antonio, TX Denver, CO Orlando, FL Las Vegas, NV Nashville, TN Seattle, WA Raleigh, NC Portland, OR Jacksonville, FL Riverside, CA Sacramento, CA Oklahoma City, OK Columbus, OH
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Home builders do good, tackle labor issues at same time Charlotte-based Rebuilding Opportunities in Construction (ROC) has partnered with the Lake Norman Home Builders Association, Central Piedmont Community College, Charlotte Mecklenburg Schools and Goodwill to bring construction technology training to at-risk high school students. ROC students start the program in their junior year and receive skills training in advanced carpentry, electrical and HVAC, as well as other construction-related fields. The students receive dual high school and college credits and can finish their associate degree at CPCC, free of charge. “For the past 30 years, high school districts have not operated any meaningful construction career and technical apprenticeship programs,” said Darren Ash, executive director of The ROC, which partners with Goodwill.
Thousands, 2010-2018
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Ash: Parents want success for kids
200 250 300 350 400 450 *Source: Wells Fargo
See ROC page 22
RECORDS Page 14
Transactions
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Transactions
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Foreclosures
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Foreclosures
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Foreclosures
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New Corporations
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New Corporations
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New Corporations
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NEW: Denver New Business listings...Page 19
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