Small business owners can take comfort in the fact that the Charlotte Business Journal reports that “small business owners and small businesses are thriving in the Charlotte metropolitan area.”
It also reports that sales in Charlotte increased 4.6 percent from 2015.
“It’s good to see sales increase from the previous year,” says Kristina Johnson, sales manager for the Charlotte City Chamber of Commerce.
Charlotte has been one of the fastest growing local economies in the U.S. with a 4.2 percent increase in population in the year ended March 2017.
Charlotte Business Writer Sarah Jones reports that Charlotte, North Carolina is the fourth largest metro area in the country, behind San Francisco, Los Angeles and Seattle.
“We’re very excited about Charlotte and its strong economy and the opportunity it offers our businesses and employees,” says Charlotte Mayor Jennifer Roberts.
Charlotte’s growth comes despite the city’s low tax rate and low population density.
Charlotte also has a robust network of job centers.
According to a 2017 report by the National Association of Manufacturers, the city is home to 3,600 manufacturing jobs.
In the first nine months of 2017, Charlotte had an unemployment rate of 5.7 percent, and the city was one of 12 in the nation with a net increase in the number of unemployed.
Charlotte is the fifth-largest city in North Carolina, with an estimated population of more than 12 million.