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jb4563

Charlotte Scores a Corporate HQ

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According to an article in the Charlotte Business Journal, Tampa-based Flat Rock Grille is moving its corporate headquarters to Charlotte later this year.

The chain will also open its first Charlotte restaurant in Ballantyne later this year as well. It plans to have 50-60 restaurants open in the SE in the next 5-6 years.

Charlotte beat out Atlanta and Nashville in winning the HQ.

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Did a search for the 2007 Fortune 1000 companies whose headquarters were in Charlotte (with the addition of Lowes and Family Dollar) and their rank in parenthesis.

Bank of America Corp. (9)

Lowe's (Mooresville) (45)

Wachovia Corp. (46)

Duke Energy (143)

Nucor (161)

Sonic Automotive (285)

Family Dollar Stores (Matthews) (359)

Goodrich (390)

SPX (471)

Belk (591)

Ruddick (608)

Carlisle (688)

Piedmont Natural Gas (878)

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Per this week's CBJ, there are two German manufactures opening their US HQ's in Charlotte within the past week....one is based in Munich, the other in Weilheim, which is a Munich suburb. Both companies will only have 5 employees to start with, so I don't think they'll be fill a Lufthansa flight on a regular basis, but it's good to see the German momentum continuing.

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The article says they are Zarges, the largest maker of aluminum cases and containers in Europe and Mias, a maker of warehouse equipment. Unfortunately, it also says that they (Mias at least) will grow here only if the US dollar continues to decrease in value. So we get a trade off, more jobs for a bad economy.

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While I'm getting off topic a bit, there is truth to the former strength of the dollar increasing the amount of outsourcing and decreasing the amount of international trade from within the US. While a weak dollar may suggest a weaker economy, it has the ability to bring (in a strange way) more stability to certain job markets within the United States. For the same reason we are outsourcing banking jobs to India, Europe may too bring jobs to us. While this "benefit" in no way outweighs the disadvantages, at least there is some good to it.

I look forward to having more European money and culture in Charlotte. Even if it does come in small doses.

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Not actually a HQ, but an East Coast operations center. The CBJ is reporting that Cinelease Inc., a movie-equipment rental company, has set up shop in the University area and plans to expand as the film-making industry in NC continues to grow.

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The CBJ is reporting that Defense Venture Group Inc. is relocating its headquarters to Charlotte. They sell body armor, armored vehicles and security products and do some assembly. They are currently only moving 8 people here but plan on hiring more than 50 people to assist in manufacturing and welding. They will be located at 3601 Woodpark Blvd. in north Charlotte.

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The CBJ is reporting that SERC Reliability Corp. will move its headquarters to Charlotte's Coliseum Centre from Birmingham, Ala. It is a non-profit organization that tries to improve the reliability of the bulk-power electricity systems in 16 central and Southeastern states.

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