692 replies to this topic

[Urbanity]

^ I find this very good news.  It's not a huge operations or a lot of jobs, but I love that Charlotte is thought of as a function HQ for something outside of financial services and energy.   Also love that they will be downtown!

[dbull75]

Per a Twitter post this morning: @cltecondev  Economic Development announcement at the Chamber this morning at 10:45 am. More good jobs and investment news for Charlotte! - Jeff

[DCMetroRaleigh]

So, what is the announcement?

[ah59396]

This....


http://www.bizjourna...-campus-in.html

[Urbanity]

Additional details from Peak 10 http://www.peak10.co...north-charlotte

[kermit]

Ally just put its mortgage subsidiary (Residential Capital) into bankruptcy as is looking to sell its international operations
http://online.wsj.co...sNewsCollection

The good news part of this is based on the possibility of expansion of its local online bank unit once it is is beyond the dark cloud of federal ownership.

[kermit]

The Observer reports that Quicken loans will hire 75 and double its office space in Southpark.
http://www.charlotte...-is-hiring.html

[dbull75]

Per today's Charlotte Biz Journal, Time Warner Cable will be adding another 100 people to it's Charlotte-area operations in Ballantyne by year end. The positions will be in marketing, account management, sales and customer care. These are on top of the jobs announcement for TWC that was made last year. This will push their local employee base to over 2,900.

[atlrvr]

^ The Quicken expansion was poorly reported by the Observer.  The way I understand it, Quicken Mortgage is hiring 75 in Charlote, and related company Quicken Loans is hiring an additional 50 in Charlotte as well.

[dbull75]

atlrvr, on 18 May 2012 - 06:48 AM, said:

^ The Quicken expansion was poorly reported by the Observer.  The way I understand it, Quicken Mortgage is hiring 75 in Charlote, and related company Quicken Loans is hiring an additional 50 in Charlotte as well.

Yea, I was rather confused by that report as well. I couldn't figure out if they were saying 75 people were being hired but 50 were locally or like you said 75 in Charlotte with an additional 50 going to Quicken Loans.

[kermit]

Two interesting (but not substantial) bits in the CBJ this morning:

-- Anecdotal --

The table talk section (no online version) reports on Charlotte becoming an attractive location for Wells execs who are based in San Francisco due to cost of living differences and eastern time zone location.

Quote

insiders say that an increasing number of its employees are making a different decision [than staying in SF]: Given the choice, they are moving to Charlotte.

The top Wells media relations exec, Oscar Suris, was cited as an example of the Charlotte shift.

--Speculative--

CBJ reports Remington Firearms is scouting Charlotte for a 'possible facility' some sources say headquarters, other sources say manufacturing facilities. Remington is currently HQed in Madison NC (north of Greensboro) and reports trouble with employee retention.

http://www.bizjourna...ted-region.html

Edited by kermit, 25 May 2012 - 07:46 AM.

[atlrvr]

Mecklenburg County gained over 1,600 jobs in April, which is the 4th month in a row that it has done that.  Mecklenburg County is now just 2,900 jobs off it's peak employment which was April 2008, and if hiring trends for this year continue, next month we should be at the highest level of employment ever.

The rate remains high (but falling) due to continued in-flow of new residents looking for work.  While we are only 2,900 jobs below peak employment, our labor force is > 18,000 people greater than in 2008.

The fact that we are on the verge of topping our historical # of people employed is a fact that the press likes to overlook, and instead focuses on the unemployment rate, which really just reflects the fact that people continued to move to Charlotte at a rate faster than companies were hiring.

[dubone]

I'm guessing income levels are far lower than 4/08, though, but that is still very good news.  But it is still good that we are gaining new residents, even though they bring their unemployed status.  As our economy absorbs those human resources, we will end up in a faster growth.