Economic Development - Expansions and Relocations

[carolina1792]

On 4/8/2021 at 8:44 AM, CLT2014 said:

We are so so far from making this list that this doesn't make sense. Currently North Carolina as a whole only ranks #27 in this country for number of billionaires (just 3). Missouri, Oklahoma, Montana, Indiana, Arkansas, Wyoming, Arizona, et. all have more. We are probably more likely to get hit by an asteroid in the next 20 years than have 50 - 100 billionaires move to North Carolina. 

4 now. 

1) Goodnight, SAS, Cary, NC

2) Sweeney, Epic Games, Cary, NC

3) Sall, SAS, Cary, NC

4) Dennis Gillings, IQVIA, Durham, NC

 

Having local billionaires hasn't much done much of anything for the Triangle. A new wing of the Art Museum...and?

[RANYC]

9 hours ago, norm21499 said:

Charlotte will not have multiple billionaire's living within the city anytime soon.

I agree, and not only do I fail to see a clear link between billionaire primary residences and a sustainable and INCLUSIVE Charlotte economy, but I also reject the trickle-down theories that such a desire seems to imply.  Unlocking billionaire capital reserves and resources and making them available to finance ideas and innovation across a vast and diverse demography of budding, local entrepreneurs (including high-quality local education,  high-quality research, and high-quality infrastructure) is a much more worthy objective.  Billionaires invest in innovation and productivity in many places far and away from their primary residences, so I feel a local billionaire primary residence COUNT has very little to do with the title of this thread - ECONOMIC DEVELOPMENT IN CHARLOTTE.

Edited April 11, 2021 by RANYC

[tozmervo]

22 hours ago, RANYC said:

I agree, and not only do I fail to see a clear link between billionaire primary residences and a sustainable and INCLUSIVE Charlotte economy, but I also reject the trickle-down theories that such a desire seems to imply.  Unlocking billionaire capital reserves and resources and making them available to finance ideas and innovation across a vast and diverse demography of budding, local entrepreneurs (including high-quality local education,  high-quality research, and high-quality infrastructure) is a much more worthy objective.  Billionaires invest in innovation and productivity in many places far and away from their primary residences, so I feel a local billionaire primary residence COUNT has very little to do with the title of this thread - ECONOMIC DEVELOPMENT IN CHARLOTTE.

I will admit that I am fiscally liberal enough that I don't think billionaires should exist at all and that their value to society is limited to schlocky entertainment value. 

[CltFlyer]

While not being his permanent resident.  Michael Jordan (worth $1.6 billion) has 2 homes in Charlotte and does a ton for both Charlotte and the Carolina's as a whole.

[Blue_Devil]

I am wondering after the AvidXchange IPO if we won't have one or two Billionaires. 

[sclark]

https://www.nytimes.com/2021/04/12/business/will-smith-emancipation-georgia.html?action=click&module=Top Stories&pgtype=Homepage

 

It’s happening... hopefully we can land this and other productions like this. 

[SydneyCarton]

On 4/11/2021 at 7:20 PM, RANYC said:

I agree, and not only do I fail to see a clear link between billionaire primary residences and a sustainable and INCLUSIVE Charlotte economy, but I also reject the trickle-down theories that such a desire seems to imply.  Unlocking billionaire capital reserves and resources and making them available to finance ideas and innovation across a vast and diverse demography of budding, local entrepreneurs (including high-quality local education,  high-quality research, and high-quality infrastructure) is a much more worthy objective. ...

[SydneyCarton]

Billionaires add a lot to local communities.  They fund new parks, monuments, cultural buildings, etc.  NY and London have benefited immensely from their Uber-rich residents.  

Economic relocations to NC may bring should pretty wealthy people to the state.
 

 

 

 

 

[KJHburg]

Hundreds and hundreds new jobs with 3 new Amazon warehouses.  a 1 Million sq ft warehouse in Pineville, 2 delivery stations one in north Charlotte and one south of the airport.

Amazon confirms plans for three Charlotte-area locations - Charlotte Business Journal (bizjournals.com)

[SydneyCarton]

From the Observer...

Edited April 14, 2021 by SydneyCarton

[rancenc]

Follow up article to @SydneyCarton's posting from above! Great news for Gaston County!

https://www.nccommerce.com/news/press-releases/plastic-manufacturer-establish-first-north-american-operation-gaston-county

[KJHburg]

Charlotte regional business alliance reporting lots of activity and in fact their best pipeline of new jobs in 14 years!  Lots of foreign companies looking too! 

Charlotte Regional Business Alliance | Q1 Business Recruitment Efforts Yield Milestone Success

[CarolinaDaydreamin]

 

 

The April 2021 CBRE COVID-19 Impact on Resident Migration report was just released and Charlotte had the second highest growth of top 25 metros. VERY impressive numbers. Only Austin had higher growth.

 

[Blue_Devil]

2 hours ago, CarolinaDaydreamin said:

 

 

The April 2021 CBRE COVID-19 Impact on Resident Migration report was just released and Charlotte had the second highest growth of top 25 metros. VERY impressive numbers. Only Austin had higher growth.

 

So if I am reading that right our net move ins increased 50%+ ? Damn

[DownEast]

I'm digging the total metro pop. as well. 

[Nick2]

3 minutes ago, DownEast said:

I'm digging the total metro pop. as well. 

Is that maybe CSA rather than metro? Either way crossing that 3 mil mark is huge.

[RANYC]

Wait, our Charlotte Metro population is bigger than Austin's?  Are we trying to stuff in Asheville?

Edited April 20, 2021 by RANYC

[atlrvr]

Our metro population has been consistently bigger than Austin  (MSA and CSA).

[RANYC]

6 minutes ago, atlrvr said:

Our metro population has been consistently bigger than Austin  (MSA and CSA).

Ah ok.  Got it.  These figures are still a bit puzzling, however, because the last updated figures I'd seen had us at around 2.6 or 2.7 million, and that number was fairly consistent across data providers.  I know we're growing, but something else must be getting included for us to make that big a leap.

[DownEast]

I wonder how much longer Sacramento held  on to their spot after these figures were released. I'm guessing 8 seconds... ;)

[KJHburg]

Cabarrus County updates it economic development prospects once a month.  Pipeline looks great.

March-2021-Project-Activity-Report.pdf (cabarrusedc.com)

[KJHburg]

NC is really on a roll with new job announcements here is a recap since 2020 and many of these are outside the Charlotte metro area but big news for the state.   From the Triangle Biz Journal

[KJHburg]

This is about Apple's expansion of their data center in Catawba County which is part of their $1 Billion expansion in NC.

Apple invests in Catawba County data center - Charlotte Business Journal (bizjournals.com)

""State incentives documents show that Apple (NASDAQ: AAPL) will spend $448 million to expand in Catawba County, where the company has long had a data center. The documents state that $308 million will be spent on real property construction and improvements, while the remaining $140 million will be for personal property. The investment will take place over the next 10 years.""

they say the 3000 jobs are all in RTP but you don't have $140 M worth of equipment, probably servers, and NO one taking care of it.  This data center already employs 400 employees and contractors.  Y'all know the voice Siri lives here in Catawba County! 

""According to county real estate records, the company owns more than 450 acres surrounding the facility. Apple also owns several hundred acres in Catawba County under the entity Apple Energy LLC, which it uses for solar farms.""

they do have plenty of land and I am trying to convince someone to take some drone shots of it as it is massive.  

[KJHburg]

Sizable local manufacturer expansion Doosan the Korean company up in Statesville maybe adding 250 jobs and 500K to the plant.  

They make and own the Bobcat brand,  make lots of products like portable lighting, generators etc.

Bobcat parent company linked to major expansion project in Statesville - Charlotte Business Journal (bizjournals.com)

Doosan Portable Power North America

[tozmervo]

^highly visible at the 40 & 77 interchange, which is currently in it's final phase of upgrades/overhaul