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Charlotte NC Business Climate source: Charlotte Chamber of Commerce unless otherwise noted. 2008 Business Links The Business Journal of Charlotte Better Business Bureau Charlotte Government  Both companies and individuals are attracted to the thriving Charlotte region-an area with an average age of 46 has created a strong and diverse business climate. Booming with economic and commercial activity, Charlotte has all the advantages of one of the most rapidly growing metropolitan areas in the nation. The people are warm and friendly and many areas still retain their small town flavor. Exceptional Market Access Charlotte is the center of the nation's fifth largest urban region. This fact is startling considering that Charlotte, a mid-sized city with a population of 695,995, is the largest city within the region. Of the major distribution centers in the Southeast, Charlotte has 7.1 million and Atlanta has 7.6 million people living within a 100-mile radius.  In addition, Charlotte has developed into a major wholesale center with the highest per capita sales in the United States, ranking 6th nationally in total wholesale sales.  During the past ten years, 8,662 new firms have invested $12.8 billion in new Charlotte facilities. Abundant modern office space is conveniently located throughout the city, with 5.4 million square feet available for lease. Dun and Bradstreet lists 931 companies in their Million Dollar Data Base with facilities in Charlotte-Mecklenburg. In addition, 328 of the Fortune 500 companies have facilities here, nine of which are headquartered in the Charlotte area, ranking Charlotte 5th nationally in the number of headquartered firms. Financial Powerhouse Charlotte is first and foremost a banking city. With more than $2 trillion in assets, it is the second largest financial center in the nation, behind only New York. By comparison, Atlanta has assets of only $183 billion and Miami $800 million. Two of the nation's largest banks, Bank of America and Wells Fargo/Wachovia, are here. In total, 20 banks with more than 229 local branches, as well as a Federal Reserve Branch, are located in Charlotte. Manufacturing Center of the Carolinas Charlotte is a major manufacturing force. Mecklenburg County has 1,027 producers generating an annual payroll of nearly $2 billion. The region has 1,868 manufacturers that employ more than 72,918 workers. In addition to the traditional furniture and textile industries, the electronics, printing, plastics, industrial machinery and metal working industries have significant presence in the area...	International Companies The growing number of international companies is of increasing importance to the Charlotte area.  Over 487 foreign-owned companies have Charlotte facilities, representing over half of all foreign companies in North Carolina. Serving the international needs of the business community, Charlotte is a port of entry with fully staffed U.S. Customs and Immigration and Naturalization offices. The Charlotte Foreign Trade Zone (FTZ #57) and an inland port facility are located here. Both use a manager form of government, with a full time manager for each. Under its state constitution, North Carolina must operate all levels of state and local governments with balanced operating budgets (i.e., annual expenditures cannot exceed revenues). The per capita state and local taxes for Charlotte residents are the 20th lowest in the United States. The best municipal bond credit ratings possible are consistently maintained for city, county and state by both rating services. Only one other community in the nation can boast this statement. Utilities Utilities are economical in Charlotte when compared to most U.S. locations. Duke Energy Corporation, generates power to the area from an efficient combination of nuclear, coal-fired and hydroelectric facilities with rates at 15% below the national average. A plentiful supply of natural gas is available from Piedmont Natural Gas. Telephone and telecommunications services are provided locally by BellSouth and Alltel. The countywide water system provides service to more than 750,000 customers.  Water and sewer rates are among the lowest in the nation. Transportation Hub Charlotte is served by an excellent state and federal highway network, including major north-south and east-west interstate arteries, and a modern, expanded international airport terminal. In addition, eight major airlines offer direct and nonstop daily flights to 159 cities. International travelers appreciate the nonstop flights to Frankfurt, Munich, London, Toronto, Mexico and the Caribbean. Each year over 15 million passengers board planes at Charlotte/Douglas International Airport, ranking it the 12th most active air transportation center in the nation. The Charlotte region is also the center of the country's largest consolidated rail system. Two major rail systems, Norfolk Southern Railway and CSX Transportation, link 27,000 miles of rail between Charlotte and 22 eastern states. Each offers piggyback facilities combining with 484 trucking firms located here. Direct connections are provided to the Ports of Wilmington, Morehead City and Charleston.