Charlotte Overview

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Overview

Charlotte is well known if its pro-business environment. That business-friendliness is a result of many factors. In Doing Business Here, the Charlotte Chamber’s Business Analytics and Data department has combined detailed information on taxes, incentives, labor force, talent availability and other factors affecting your business’s bottom line.

Charlotte is the 16th largest U.S. city with a population of more than 800,000, making it the largest city within the region. Of the major metro centers in the Southeast, Charlotte has 7.4 million people living within a 100-mile radius, compared to Atlanta’s 8.3 million. This radius population well exceeds Miami’s 6 million and Memphis’ 2.6 million. As a result, Charlotte has emerged as a financial, distribution and transportation center for the entire urban region.

Of the nation’s 51 metropolitan markets with more than 1 million in population, 34 are located on the Eastern Seaboard, making up more than 58 percent of the country’s population. Of these 34 markets, 29 lie within a 650-mile radius of Charlotte and can easily be reached by 24-hour truck delivery or two hours flight time. Charlotte is the only major distribution center midway between the Northeast, Midwest and Florida markets.

North Carolina claimed the top spot in Site Selection magazine’s listing of the most competitive states for economic development in 2015. The magazine also ranked North Carolina as the second best business climate in North America, second only to Georgia. The Queen City has such a pro-business environment that 291 of Fortune’s top 500 companies have placed one or more facilities within the region.