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Economic Development Strategy and Institutions


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Good news, IMO. The Chamber and the Charlotte Regional Partnership are 'near' a merger. They plan to have a national search for a new CEO once terms have been reached.  If things go according to plan

North Carolina in national rankings!! https://www.whqr.org/local/2021-05-05/new-study-ranks-north-carolina-among-top-states-in-competitive-corporate-taxes  

It's actually London, Ontario I suspect.  That said, complete junk.

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Interesting city comparison tool from Hahvid:

https://metroverse.cid.harvard.edu/city/707/similar-cities?benchmark=global_pop

These are NOT flattering comparisons. I don’t get their model -at all-.

EDIT: While it seems clear that these data and or indexing methods are garbage, people who are not familiar with Charlotte may be making decisions based on these data.

 

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Edited by kermit
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Their data is junk on the size of our city per the "What is my city's economic composition": "Charlotte⁩ has a population of ⁨370.5 thousand⁩ people (⁨2015⁩) and an estimated GDP per capita of $⁨60.7 thousand⁩. Out of the ⁨346⁩ cities covered in ⁨the Americas⁩, ⁨Charlotte⁩ ranks as the ⁨155th⁩ most populated, and displays the ⁨61st⁩ highest GDP per capita. ⁨Charlotte's⁩ labor force consists of about ⁨402.8 thousand⁩ workers."

Hence our "similar" cities are metros in the 100,000 to 700,000 range.  Also, somehow we have more workers than total people. LOL.

Edited by CLT2014
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TBJ has a story on declining membership in their various chambers of commerce. Local small firms reduced their connection with chambers during the pandemic and big new corporate arrivals (Apple, Google) appear to be disinterested in participating. This is certainly not unique to the Triangle, membership (and thus revenue) at the Charlotte Chamber (I can never remember its new name) has been declining for years and this has made it difficult to raise salaries, thus they have seen a good bit of turnover and had some staff recruiting problems.

This is a looming issue for both the Triangle and Charlotte. Chambers were once the first, and lead contact point for economic development, but as that role gets shifted to the state office, there is likely to be a political reflex to soft pedal ED projects in large metros while working hard on rural projects which are lower-productivity and low-wage opportunities.

https://www.bizjournals.com/triangle/news/2021/07/23/business-booster-groups-struggle-with-membership.html

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