I N D E TA I L 2 0 1 0CHARLOTTE

Charlotte in Detail2 BOOMCharlotte.com

Cover photograph ©PatrickSchneiderPhoto.com

Published by Charlotte Chamber of Commerce 330 S. Tryon St., Charlotte, NC 28202 (704) 378-1300 www.charlottechamber.com/economicdevelopmentwww.twitter.com/cltecondev

Copyright 2010 by Charlotte Chamber of Commerce. All rights reserved. No part of the publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage or retrieval system, without permission in writing from the Charlotte Chamber. The information in this publication is carefully gathered and compiled in such a way as to ensure maximum accuracy. The Charlotte Chamber cannot, and does not, guarantee either the correctness of all information furnished them nor the complete absence of errors and omissions. Hence, responsibility for same neither can be, nor is, assumed.

POPULATION

Year

Charlotte

Mecklenburg County

Charlotte MSA

2010 756,912 945,817 1,759,531

2009 716,874 935,304 1,725,759

2008 695,995 902,803 1,676,495

2007 664,342 871,432 1,626,694

2006 648,139 850,178 1,594,799

2005 632,760 820,635 1,545,348

2004 614,330 790,809 1,500,338

2003 594,176 770,299 1,453,816

2002 579,684 746,427 1,411,472

2001 551,645 720,490 1,370,361

2000 540,828 695,454 1,330,448

1990 395,934 511,433 1,024,096

1980 315,473 404,270 855,538

1970 241,420 354,656 741,118

1960 201,564 272,111 426,549

U.S. (population) rank, City of Charlotte 18U.S. (population) rank, MSA 33

Source: U.S. Census population estimates, 2009

Median Age Males: 34.3Females: 36.1

Land Area Square MilesCity 299County 543

25%

20%

15%

10%

5%

0%

0-14 15-24 25-34 35-44 45-54 55+ years

21.0

14.2 15.216.2

14.7

18.7

Percent of Population by Age GroupMecklenburg County 2009

Source: ESRI Population Estimates

A clear picture of a community can be painted by its numbers — population, growth, businesses, jobs, job growth, diversity, taxes, ages and availability of free time. All of these factors together form the quality of life in the community. Without a doubt, Charlotte is a quality community, and the numbers that follow prove just that.

Household IncomeMecklenburg County 2009 Households 359,335Average Household Effective Buying Income $62,240Median Household Effective Buying Income $45,950

Mecklenburg County Population Projections(Growth rate is projected at 3.6% per year)Year Population2010 945,8172020 1.4 Million

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

2M 10/10

Charlotte in Detail 3Population

Racial Composition Mecklenburg County 2008White 60.4%Black 29.3% Other 10.3%

Ethnic Population Hispanic/Latino 87,876 Asian 33,654 American Indian 3,301Source: U.S. Census population estimates, 2009

Households by Effective Buying Income GroupMecklenburg County 2009

Under $24,99921%

$25,000-$49,999 35%

$50,000-$74,99922%

$75,000 and over22%

Source: Demographics USA, County Edition 2009

Migration To and From Mecklenburg County2000-2008

Migration In Migration Out Net Gain2008 57,744 48,503 9,2412007 59,030 46,416 12,6142006 56,692 42,319 14,3732005 50,133 40,161 9,9722004 48,829 38,952 9,8772003 42,554 38,130 4,4242002 42,817 40,070 2,7472001 44,750 39,379 5,3712000 45,155 39,926 5,229Nine-year total 447,704 373,856 73,848Source: Missouri Census Data Center 2010, from data provided by IRS tax returns

Leading Out of State Counties Providing New Residents to Mecklenburg County — 2008 In Migration Out MigrationSuffolk, NY 830 138Broward, FL 810 203Miami Dade, FL 804 206Queens, NY 646 139Kings, NY 565 186Nassau, NY 540 73Richland, SC 493 322Los Angeles, CA 490 281Palm Beach, CA 460 196Orange, FL 442 210 Source: Missouri Census Data Center 2010, from data provided by IRS tax returns

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

Charlotte in Detail4 Government & Taxes

Form of City Government. . . . . . . . . . . Council-Mayor and ManagerForm of County Government . . . . . . . Commissioners and ManagerCharlotte-Mecklenburg Police Personnel. . . . . . . . . . . . . . . . .2,249Fire Stations, City of Charlotte . . . . . . . . . . . . . . . . . . . . . . . . . .41Fire Personnel (full-time, city). . . . . . . . . . . . . . . . . . . . . . . . .1,144Volunteer Fire Stations, Mecklenburg County . . . . . . . . . . . . . . . .18Fire Personnel (volunteer, county) . . . . . . . . . . . . . . . . . . . . . . 672Public Libraries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20Total Volumes Held (Public Libraries). . . . . . . . . . . . . . . . 1.3 millionTotal Circulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.1 million

2009-2010 City Budget in BriefMillions Percent

Total Budget $1,854.6 100

Water & Sewer 576.2 31

Public Safety 311.4 16

Public Works 308.6 17

Aviation 297.9 16

Public Transit (CATS) 182.3 10

Economic Development 76.9 4

General Government 51.5 3

Storm Water 49.8 2

2009-2010 County Budget in Brief Millions PercentTotal Budget $1,420.5 100Community Health & Safety 299.3 21Effective & Efficient Government 155.1 11Social, Education & Economic 154.8 11Growth Management & Environment 139.8 10General Debt Service 91.7 6County Capital 5.2 1

Sources of City RevenueMillions Percent

Total Revenue $1,854.6 100

Water & Sewer 576.2 31

Property & Vehicle Tax 520.2 28

Aviation 297.9 16

Public Transit 182.3 10

User Fees & Other 128.3 7

Bonds 99.7 5

Storm Water 49.8 3

Sources of County Revenue Millions PercentTotal Revenue $1,420.5 100%Net Property Taxes — Current 836.8 59Sales Tax — Unclassified 202.1 14Other Revenue 50.9 4Fund Balance 46.1 3Investment Interest 10.3 1*Numbers may not total due to rounding

Source: Mecklenburg County, Office of the Tax Collector

Charlotte-Mecklenburg Property TaxRate Per $100

ValuationAssessed

Valuation (Billions)Tax Levy (Millions)

2009 1.297 $99.4 $834.0

2008 1.297 97.3 816.0

2007 1.297 93.6 727.0

2006 1.278 90.5 682.8

2005 1.257 84.3 638.2

2004 1.177 83.5 618.2

2003 1.156 69.5 584.2

2002 1.307 67.8 567.9

2001 1.307 64.2 469.5

2000 1.197 60.4 440.7

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

GOVERNMENT & TAXES

Charlotte in Detail 5Labor

Mecklenburg County September 2010Total Labor Force . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 457,286Employed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 413,477Unemployed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,809Unemployment Rate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.6%Registered Active Job Applicants within a 25 mile radius . . . . 56,786Source: N.C. Employment Security Commission 9/10

Mecklenburg County Employment TrendsEmployment Unemployment

Year Number of Jobs*

Employed Residents**

Total Percent

2009 537,803 404,880 49,202 10.8

2008 566,904 437,231 28,573 6.1

2007 565,116 436,031 20,616 4.5

2006 538,199 427,125 20,019 4.5

2005 518,986 412,114 21,280 4.9

2004 508,536 403,664 21,285 5.0

2003 502,600 396,952 22,109 5.3

2002 510,626 387,822 24,448 5.9

2001 518,913 390,579 16,266 4.0

*Number of Jobs 3rd Quarter 2008 **Employment, Unemployment Annual Average 2009Source: NC Employment Security Commission 2009 annual average

New Job Growth vs. UnemploymentYear Jobs Created Unemployment (%)

2009 15,542 10.8

2008 12,165 6.1

2007 14,648 4.5

2006 12,087 4.5

2005 13,418 4.9

2004 11,761 5.0

2003 16,171 5.8

2002 12,025 6.0

2001 9,548 4.0

2000 19,758 2.5

Source: NC Employment Security Commission and Charlotte Chamber of Commerce

Clevelan

dSta

nly

Lanca

ster, S

CRowan

Linco

lnIre

dell

25

20

15

10

5

0

Cabarr

us

Gaston

York,

SC

Top 10 In-Commuting Counties, 2000Total In-Commuters: 146,211

Union

Thousands

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

LABOR

Charlotte in Detail6 Corporate Neighbors

Charlotte Manufacturing FirmsIndustrial Category # of Firms Employment

Food Manufacturing (311) 60 3,803

Beverage & Tobacco (312) 8 616

Textile Mills (313) 26 691

Textile Products (314) 29 336

Wood Products (321) 24 601

Paper (322) 43 1,868

Printing (323) 145 2,109

Chemical (325) 77 2,190

Plastics & Rubber (326) 41 2,881

Non-Metallic Mineral (327) 50 866

Primary Metal (331) 17 875

Fabricated Metal (332) 120 2,768

Machinery (333) 116 4,905

Computer & Electronic Products (334) 43 3,474

Electrical Equipment (335) 22 284

Transportation Equipment (336) 30 491

Furniture (337) 50 758

Miscellaneous (339) 94 1,431

Total 1,001 30,971

(311) NAICS Code. Does not include 315, 316, 324, 327. Source: North Carolina Employment Security Commission 12/09

Cities with Seven or More Fortune 500 Companies Rank City # Headquartered 1 New York 42 2 Houston 24 3 Dallas 12 4 Atlanta 10 4 Minneapolis 10 6 Chicago 9 7 St. Louis 8 8 Charlotte 7 8 San Francisco 7

Total number of Fortune 500 firms represented in Mecklenburg County: 365Source: Fortune, 2010

Industry StructureCategory # of Units Employment

Total All Industries 32,494 537,803

Mining 13 224

Construction 2,524 26,643

Manufacturing 1,001 30,971

Wholesale and Retail Trade 6,549 88,967

Information 621 18,508

Utilities, Transportation and Warehousing

738 29,906

Real Estate, Rental and Leasing 1,636 9,722

Finance and Insurance 2,336 48,198

Professional and Technical Services 4,414 38,113

Education, Healthcare and Social Services

2,839 91,500

Administrative and Waste Services 2,028 41,506

Accommodations and Food Services 2,327 46,373

Arts, Entertainment and Recreation 407 11,685

Other Services (Ex. Public Admin.) 2,238 12,759

Public Administration 74 16,588

Unclassified 2,425 1,315

Source: ESC/LMI Division, Employment and Wages Unit, Annual 2009 Mecklenburg County

Headquartered Fortune 500 Companies Fortune Company Revenues Rank Name (Billions) 5 Bank of America $150.5 42 Lowe’s* 47.2 181 Duke Energy 12.7 206 Nucor 11.2 305 Family Dollar 7.4 334 Goodrich Corp. 6.7 345 Sonic Automotive 6.3 427 SPX 4.9

*Located in Mooresville just north of Charlotte.

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

CORPORATE NEIGHBORS

Charlotte in Detail 7Corporate Neighbors

Finance CompaniesBanks and Holding Companies 28Total Headquartered Bank Assets $2.3 TrillionMortgage Bankers & Brokers 348Venture Capital Firms 11

Retail SalesMecklenburg County by Fiscal Year Year Total Sales 2009-2010 $12,728,891,543 2008- 2009 12,476,582,833 2007 -2008 14,178,740,492 2006 -2007 14,078,512,749 2005 -2006 13,357,308,426 2004 -2005 18,884,313,359 2003 -2004 16,757,122,950 2002 -2003 15,568,249,903 2001 -2002 15,372,032,577 2000 -2001 16,483,706,324

Source: North Carolina Department of Revenue

Rank Employer Employment

1 Carolinas HealthCare System* 26,283

2 Wells Fargo/Wachovia Corporation 20,000

3 Charlotte-Mecklenburg Schools* 19,485

4 Bank of America* 13,960

5 Wal-Mart Stores, Inc. 13,192

6 Presbyterian Regional Healthcare 9,000

7 Food Lion, Inc* 8,658

8 Duke Energy Corporation* 7,757

9 State of North Carolina 7,479

10 US Airways 5,955

11 Lowe’s* 5,900

12 City of Charlotte* 5,896

13 U.S. Postal Service 5,400

14 Adecco 5,000

15 Union County Public Schools* 4,744

16 Ruddick/Harris Teeter* 4,700

17 Mecklenburg County* 4,700

18 Gaston County Schools* 4,580

19 Daimler Trucks North America LLC 4,540

20 South Carolina State Government 3,739

21 Parkdale Mills Inc* 3,600

22 Compass Group 3,518

23 Cabarrus County Schools* 3,500

24 Rowan-Salisbury Schools* 3,500

25 Iredell-Salisbury Schools* 3,450

26 AT&T North Carolina 3,290

27 US Government 3,244

28 Caromont Health Inc. 3,230

29 Corestaff Services 2,900

30 UNC Charlotte 2,800

31 Belk Inc* 2,700

32 TIAA-CREF 2,650

33 Labor Ready Inc 2,545

34 Bi-Lo LLC 2,538

35 Cleveland County Schools* 2,500

36 CVS Corp 2,500

37 United Parcel Service 2,500

38 Marriott International 2,475

39 Hickory Springs Manufacturing Co* 2,410

40 Target Stores 2,400*Headquarters Charlotte Region. Source: Charlotte Chamber of Commerce

Charlotte Region’s Largest Employers, 2008

Unclassi

fied

Lumber/B

ldg. Mate

rials

Gen. Merch

andise

Furnitu

reFo

od

Automotive

Apparel

4,0003,5003,0002,5002,0001,5001,000

5000

2008-09 Retail Sales by CategoryMecklenburg County

Source: North Carolina Department of Revenue

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

Charlotte in Detail8 Corporate Neighbors

Wholesale Sales 2007 — Top 25 CountiesRank County

Wholesale Sales Billions

1 Houston, TX $190.02 New York, NY 147.23 Stamford, CT 64.94 Los Angeles, CA 49.85 Irvine, CA 33.76 San Jose, CA 30.27 Chicago, IL 28.58 Memphis, TN 25.59 Phoenix, AZ 23.7

10 San Diego, CA 21.911 Portland, OR 20.612 Dallas, TX 19.213 Alpharetta, GA 18.714 Doral, FL 17.315 Jacksonville, FL 17.116 Charlotte, NC 15.617 Kansas City, MO 15.518 Denver, CO 14.919 Industry, CA 13.920 Irving, TX 13.521 Ontario, CA 13.322 Torrance, CA 13.223 Santa Fe Springs, CA 12.824 Austin, TX 12.725 Richardson, TX 12.5

Source: U.S. Census

New & Expanded Business Activity

Year # Firms EmploymentSquare Feet

(Millions)Investment

(Millions)

2009 1,029 15,542 11.3 $1,461.7

2008 1,337 12,165 27.6 2,324.9

2007 1,326 14,648 25.1 2,274.8

2006 809 12,087 18.2 4,085.5

2005 964 13,418 13.6 1,338.2

2004 998 11,761 19.8 1,114.1

2003 1,211 16,171 12.1 1,570.7

2002 983 12,025 15.1 2,061.6

2001 897 9,548 15.6 1,262.1

2000 1,126 17,571 16.8 1,819.1Source: Charlotte Chamber of Commerce

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

CORPORATE NEIGHBORS

Charlotte in Detail 9Corporate Neighbors

Foreign Firms Represented in CharlotteCountry 2009 2005 2000 1990 1980 1970 1960

Germany 130 116 100 68 41 22 6

United Kingdom 66 52 57 35 20 9 6

Japan 59 48 55 29 19 3 0

Canada 48 28 24 16 11 4 1

Switzerland 38 34 37 31 20 8 3

France 37 22 16 14 11 4 1

Italy 30 33 23 19 2 0 0

Netherlands 28 16 11 11 9 6 0

Sweden 17 15 10 8 3 2 1

India 11 4 1 0 0 0 0

Denmark 10 8 3 3 3 0 0

Australia 10 4 3 1 1 0 0

South Africa 8 4 3 1 0 0 0

Mexico 7 5 2 0 0 0 0

Belgium 7 7 5 6 2 1 0

Taiwan 6 5 5 0 3 1 0

Ireland 6 2 1 1 0 0 0

Austria 5 2 1 0 0 0 0

China 4 6 4 0 0 0 0

Finland 4 5 4 2 0 0 0

Netherlands Antilles 4 3 2 0 0 0 0

Bermuda 3 5 1 0 0 0 0

South Korea 3 4 1 0 0 0 0

New Zealand 3 1 0 0 0 0 0

Singapore 2 0 0 0 0 0 0

Brazil 2 2 2 0 0 0 0

Israel 2 1 1 1 1 0 0

Malaysia 2 1 1 0 0 0 0

United Arab Emirates 2 0 0 0 0 0 0

Other 2 5 4 2 1 0 0

Spain 1 2 0 2 0 0 0

Czech Republic 1 2 1 0 0 0 0

Indonesia 1 1 0 0 0 0 0

Lebanon 1 0 0 0 0 0 0

Liechtenstein 1 1 1 0 0 0 0

Luxembourg 1 1 0 0 0 0 0

Portugal 1 0 0 0 0 0 0

Saudi Arabia 1 0 0 0 0 0 0

Venezuela 1 0 0 0 0 0 0

Jordan 0 1 1 0 0 0 0

Total 565 446 380 250 147 60 18Source: Charlotte Chamber of Commerce

Mecklenburg’s Largest Foreign-Born Population

Mexico 24,412India 12,684El Salvador 6,986Vietnam 3,557Korea 3,317Canada 2,962China 2,808United Kingdom 2,559Columbia 2,265Philippines 1,784Jamaica 1,582Germany 1,431Russia 1,194Cuba 743

American Community Survey 2009

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

Charlotte in Detail10 Education

Higher Learning in the Charlotte MSA, 2008-2009

Name of Institution Location Zip Code Students TypeArt Institute of Charlotte Charlotte 28209 876 VBelmont Abbey College Belmont 28012 1,337 CBrookstone College of Business Charlotte 28262 201 VCabarrus College of Health Sciences Concord 28025 358 CCarolinas College of Health Sciences Charlotte 28203 484 VCentral Piedmont Community College Charlotte 28204 61,744 CCCharlotte School of Law Charlotte 28204 307 PDavidson College Davidson 28036 1,674 UDeVry University/Keller Grad of Mgmt Charlotte 28211 224 UECPI College of Technology Charlotte 28217 1,050 TGardner-Webb University Charlotte 28208 2,689 UGaston College Dallas 28034 4,773 CJohnson & Wales University Charlotte 28202 2,569 UJohnson C. Smith University Charlotte 28216 1,463 UKing’s College Charlotte 28204 556 CLee University Charlotte 28214 90 UMontreat College Charlotte 28217 464 CPfeiffer University at Charlotte Charlotte 28209 695 UQueens University Charlotte 28274 2,243 URowan Cabarrus Community College Concord 28025 12,759 CCSouthern Piedmont Community College Polkton 28135 15,081 CCStrayer University Charlotte 28273 & 28262 900 UUNC at Charlotte Charlotte 28223 22,388 UUniversity of Phoenix at Charlotte Charlotte 28273 1,600 UWake Forest University Charlotte 28211 174 UWingate University Wingate 28174 2,401 UWinthrop University Rock Hill, SC 29733 6,382 UYork Technical College Rock Hill, SC 29730 5,098 T

Type Code: U- University C- Four-Year college CC- Community College P -Graduate/Professional School T- Technical Institute V- Vocational School N/A- Not Available

Sources: Peterson’s College & University Almanac 2009 Individual colleges and universities

CHARLOTTE MECKLENBURG SCHOOL SYSTEM 2009-2010

Number of SchoolsTotal number of Schools 176Elementary Schools 103Middle Schools 33High Schools 31Special Programs 9

EnrollmentTotal Number of Students 133,664Grades K-5 65,819Grades 6-8 29,063Grades 9-12 36,452Pre-K 3,225Source: Charlotte Mecklenburg Schools December 2009

Class SizeElementary School 20 Student averageMiddle School 21 Student averageHigh School 18 Student averageAverage Daily Attendance 95%Source: Charlotte Mecklenburg Schools December 2009

High School Students2009 graduates 6,635Graduates continuing their education 87%Source: Charlotte Mecklenburg Schools December 2009

Private (Non-Public) SchoolsIndependent Schools 80Total Number of Students >20,000

2009 SAT Recentered ScoresMecklenburg County 1492North Carolina 1489United States 1511Source: North Carolina Department of Education and CMS

Educational Attainment Meck.% U.S.%Percent high school or higher 89.3 85.0Percent Associates degree or higher 48.3 35.2Percent Bachelor’s degree or higher 40.8 27.7Source: U.S. Census, American Community Survey 2006-2008

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

EDUCATION

Charlotte in Detail 11Quality of Life

CommunicationsMajor Daily Newspapers 1Television Stations 8Local Radio Stations 23Telephone Companies 28Weekly Newspapers 20Cable Television Services 1Satellite Television Services 7

Hotels and Motels Mecklenburg County 4/10Total Number of Hotels and Motels 187Total Number of Rooms 23,298 Source: Smith Travel Research

Climatological Summary Annual Average Temperature 62° FLowest Monthly Average (January) 32° FHighest Monthly Average (July) 90° F

RecordsHighest Temperature 104° FLowest Temperature -5° F

PrecipitationAnnual Average 43 inchesAnnual Snow Accumulation Average <6 inchesAverage Number of Days with Sunshine 214

Relative HumidityFebruary 68%August 84%

Places of WorshipProtestant 500+Catholic 15Jewish 7Other 43Source: http://www.charlottediocese.org; Source: http://www.jewishtourofthecarolinas.org/worship.html

MedicalAcute Care Hospitals 6Specialty Care Hospitals 4Assisted Living Facilities 40Total Hospital Beds *2,637Nursing Schools 5Doctors 2,435Dentists 555

Source: 2008 North Carolina Health Professions Data Book *Total Hospital Bed Number includes CMC and Presbyterian

Recreational District, Neighborhood & Community Parks 210Miles of Greenway Parks 3Total Park Acres 17,600Nature Preserves 6Public and Semi-Private Golf Courses 36Private Golf Courses 21Country Clubs 20Parks w/Public Boat Launches/Docks 3Disc Golf Courses 7Dog Parks 5Equestrian Center 1BMX Track 1Skate parks 2Shopping Centers (>30,000 SqFt.) 389Source: Mecklenburg County Park and Recreation and Carolinas Real Data

CulturalAffiliate/Associate Groups with Arts & Science Council 622009 Arts & Science Council Budget $14.8 million 2009 Fund Drive $7.0 millionwww.artsandscience.org

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

QUALITY OF LIFE COMMUNITY FACILITIES

Charlotte in Detail12 Real Estate

New Residential Permits

Year Single Family Multi-Family Total Units

2009 2,224 2,302 4,526

2008 3,758 6,747 10,505

2007 7,494 6,306 13,800

2006 10,215 7,874 18,069

2005 9,775 3,827 13,602

2004 8,730 3,960 12,690

2003 8,935 3,677 12,612

2002 9,638 3,851 13,489

2001 9,766 4,718 14,484

2000 9,398 5,370 14,768

ConstructionValue (Millions)

Year Permits Residential Non-Residential Total

2009 11,549 $669.8 $715.8 $1,385.6

2008 10,834 1,486.3 2,236.9 3,723.2

2007 21,462 2,223.7 1,823.4 4,047.1

2006 24,250 2,700.0 1,600.0 4,300.0

2005 22,037 2,063.2 1,297.6 3,051.0

2004 19,243 1,730.8 1,326.1 3,056.8

2003 18,984 1,600.8 905.7 2,506.5

2002 19,770 1,564.1 814.4 2,378.5

2001 19,174 1,640.2 1,117.5 2,757.7

2000 18,937 1,641.0 1,670.6 3,305.7

Charlotte-MecklenburgHistorical Trends in Office Space

Date

Rentable SF (Millions)

Used SF (Millions)

Available SF (Millions)

9/09 47.0 39.3        7.7

9/08 45.2 39.8 5.4

9/07 42.5 37.4 5.1         

9/06 41.8 36.0 5.8

9/05 40.3 34.3 5.9         

9/04 38.7 32.0 6.7

9/03 38.2 32.3 5.9

9/02 37.7 31.9 5.8

9/01 35.5 30.5 5.0

9/00 33.4 29.0 4.4Source: Carolinas Real Data

Charlotte Area Residential Unit Sales*Year Total Sold Average Price Total Volume

2009 22,998 $201,036 4,623,425,928

2008 27,710 220,670 6,114.765.700

2007 39,983 231,170 9,242,870,110

2006 43,748 220,510 9,646,871,480

2005 38,818 209,901 8,147,937,018

2004 33,114 198,918 6,586,970,652

2003 25,426 192,042 4,882,859,892

2002 23,795 185,251 4,408,047,545

2001 22,171 177,959 4,049,425,239

2000 21,340 176,958 3,828,838,284*Carolina Multiple Listing Services, Inc., CMLS Service Area

Percentage of Rentable Office Space Available

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

20

15

10

5

0

Charlotte-MecklenburgDowntown

REAL ESTATE

Charlotte in Detail 13Real Estate

Cost of Living IndexTop 38 Metro Markets — Second Quarter 2010

Rank City All Items Index

1 Nashville, TN 87.3

2 St. Louis, MO 90.0

3 Pittsburgh, PA 91.8

4 Dallas, TX 91.9

5 Houston, TX 91.9

6 Jacksonville, FL 92.1

7 Tampa, FL 92.2

8 Charlotte, NC 92.6

9 Columbus, OH 92.8

10 Cincinnati, OH 93.9

11 Austin, TX 95.0

12 Atlanta, GA 96.0

13 San Antonio, TX 96.2

14 Orlando, FL 97.1

15 Kansas City, MO 97.5

16 Detroit, MI 98.2

17 Phoenix, AZ 99.6

18 Las Vegas, NV 100.3

19 Cleveland, OH 101.1

Rank City All Items Index

20 Denver, CO 103.4

21 Miami, FL 105.2

22 Virginia Beach, VA 110.0

23 Minneapolis, MN 110.3

24 Riverside, CA 112.3

25 Portland, OR 113.0

26 Sacramento, CA 116.2

27 Chicago, IL 116.8

28 Baltimore, MD 119.3

29 Seattle, WA 120.2

30 Providence, RI 122.9

31 Philadelphia, PA 125.0

32 Boston, MA 131.1

33 San Diego, CA 131.6

34 Los Angeles, CA 133.9

35 Washington, DC 139.7

36 San Jose, CA 153.5

37 San Francisco, CA 162.5

38 New York, NY (Manhattan) 209.7

Office Space Survey by Area 9/09 Area

No. of Buildings

Reported Rentable SF

Reported Available SF

Percent Available

Average Rates/SF

Downtown 57 15,125,148 1,079,748 7.10% $27.09

Suburban 576 31,862,352 6,627,490 20.8% $18.80

Total 633 46,987,500 7,707,238 16.4% $21.47Source: Carolinas Real Data

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

Sources: Demographics USA, 2008; Second Quarter 2010, ACCRA Cost of Living Index

REAL ESTATE

Charlotte in Detail14 Transportation

Charlotte Douglas International (CLT International Airport)Rankings 2009

8th Nationwide in total operations14th Nationwide in total passengers 40th Nationwide in cargo (freight, mail)Source: CLT International Airport

 Major Airlines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7Regional Carriers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6Number of Flights Daily (April 2010) . . . . . . . . . . . . . . . . . . . 643Direct/Nonstop Flight . . . . . . . . . . . . . . . . . . . . . . . . 170 Cities Air Cargo 2009

54,831 tons enplaned60,236 tons deplaned

 Air Passenger Enplanements

2009 17,246,5942008 17,357,9932007 16,568,5892006 14,829,9032005 14,043,5542004 12,417,5062003 11,511,4652002 11,792,5112001 11,557,0582000 11,498,794

Top 15 Airports Served by CLT International Airport(3rd Quarter 2009)

Rank Destination Passengers Daily

1 La Guardia 1,081.6

2 Baltimore 613.3

3 Boston 554.9

4 Newark 536.2

5 O’Hare 527.9

6 Fort Lauderdale 450.1

7 Las Vegas 413.8

8 Orlando 410.7

9 Philadelphia 535.4

10 San Francisco 324.9

11 Miami 300.1

12 Los Angeles 299.3

13 Dallas/Ft. Worth 284.9

14 Denver 272.7

15 Washington National 257.4

Highways Serving AreaU.S. Primary 21, 29, 52, 74, 521, 601State Primary 16, 24, 27, 49, 51, 73, 160Interstates I-85 (I-485), I-77 (I-277)

Trucking/Warehousing & Storage FirmsTrucking Firms 303Warehousing & Storage Firms 94Source: U.S. Census County Business Patterns 2008

Rail ServiceOn-Line Railroads Norfolk Southern & CSX TransportationOff-Line Railroads AmtrakTrains through Charlotte Weekly 600+

Bus ServiceProvided by Greyhound/ TrailwaysIn-City Service YesCharter Services 28

Port FacilitiesInland Port opened in 1984Currently handling more than 32,000 containers annuallyCharlotte also offers a Foreign Trade ZoneEasy accessibility to N.C. and S.C. portsPort of Wilmington: 204 miles awayPort of Charleston: 207 miles away

U.S. Customs — Charlotte The Charlotte branch of U.S. Customs and Border Protection offers a service port with a full range of cargo processing functions, including inspections, entry, collections and verifications.

©PA

TRIC

KSC

HN

EID

ERPH

OTO

.CO

M

TRANSPORTATION

We thank the following companies for their support of the Charlotte Chamber’s economic development efforts.

PLATINUM SPONSORS

SILVER SPONSORS

BRONZE SPONSORS

Charlotte Chamber Economic Development www.BOOMcharlotte.com330 South Tryon Street, Charlotte, North Carolina 28232 U.S.A. | 704.378.1300 | twitter.com/cltecondev

ARTISTIC IMAGES, INC.

ROBERT DERECTOR ASSOCIATES

CARLSON REAL ESTATE COMPANY

LESCO RESTORATIONS

HP ENTERPRISE SERVICESPIMCO

THE AD ART COMPANY

Allen Tate Relocation. At your service.800-277-6901 • 704-365-6900 • relocation@allentate.com

your service.

We take care of what’s most important.Your employees are your single most important asset.

So when you decide to relocate your business or recruit

candidates for open positions, their satisfaction also

becomes one of your first priorities.

At Allen Tate Relocation Services, we know that even

exciting business announcements can be stressful. For

more than 40 years, we’ve been helping companies like

yours handle the details of relocating and recruiting

employees – and helping you manage some of the stress.

We offer your employees and job candidates assistance with:

• Selling their current homes and finding new homes

• Securing temporary living arrangements

or rental property

• Moving and storage of household goods

• Comparative cost-of-living analysis

• Organized home and community tours

So when it’s time for your company to make a big move, call us to make it easy.

®

®