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Charlotte News


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Charlotte Business News - Local Charlotte News | Charlotte Business Journal
Charlotte in middle of the pack as ‘green city’3/15/2010 11:06 AM
Charlotte ranks No. 20 among 43 U.S. metro areas in a study of the nation’s “green cities.”
Lutz out as UNCC basketball coach3/15/2010 10:21 AM
UNC Charlotte has released veteran men’s basketball coach Bobby Lutz from his contract, effective immediately.
Packaging firm to close Charlotte plant3/15/2010 9:55 AM
Berry Plastics Corp. is closing its plant on Freedom Drive at a cost of 73 jobs. The Evansville, Ind.-based company notified state officials of its plans to close the operation by May 14.
Nucor CEO Dan DiMicco sees sharp drop in pay3/15/2010 8:09 AM
Nucor Corp.’s pay-for-performance compensation policies led to a 43 percent cut in Chief Executive Dan DiMicco’s pay last year, as the steel producer struggled to keep pace with its record earnings in 2008.
BofA says loan modifications grow under HAMP3/15/2010 6:09 AM
Bank of America Corp. has completed nearly 20,666 mortgage modifications under the federal government's Home Affordable Modification Program, according to the bank's latest monthly progress report to the U.S. Department of Treasury. (BAC)
Firethorne says club to file Chapter 113/12/2010 3:21 PM
Firethorne Country Club told members in a letter today it will file for Chapter 11 bankruptcy protection from creditors following a federal suit that claims it defaulted on an $8 million loan.
Turbotec to bring 73 jobs to Hickory3/12/2010 2:22 PM
Turbotec Products Inc. will move most of its manufacturing to Hickory during the next three years, bringing the area 73 jobs.
AbitibiBowater cuts 30 jobs at York County plant3/12/2010 12:35 PM
AbitibiBowater Inc. laid off 30 employees at its York County paper mill this week as a company works to emerge from bankruptcy.
Bankruptcies rise in Charlotte region3/12/2010 10:14 AM
Bankruptcy filings in the region rose 9.5 percent in February from a year ago, according to statistics from the U.S. Bankruptcy Court for the Western District of North Carolina.
Mortgage rates stay below 5%3/12/2010 7:47 AM
Long-term U.S. mortgage rates stayed below 5 percent for the second straight week, according to Freddie Mac's weekly rate report. (FRE)

Rankings

Charlotte is fortunate to receive many accolades throughout the year.  Here is a listing of some of the top rankings received over the past two years.  

#1 Best Place to Live; Relocate-America.com, May 2008. Based on community consistency and number of nominations received. Homepage
#1 Best City for Black Families; BET Magazine  February 2008.  Deciding factors included overall population, the number of Black residents, income, home ownership, unemployment, poverty rates, single-parent homes, education levels, illiteracy, crime rates, per-pupil spending, in-state college tuition costs, teen pregnancy rates, AIDS rates, infant mortality, low birthweight, home values, cost of living and Black-owned businesses. 
#1 Most Educated Workforce; Business Facilities, The Location Advisors July 2007. Based on educational attainment of the workforce 25 years and older.
 #1 Top Large Counties for Recruitment & Attraction; Expansion Management June 2007. Based on relocation rate and new branch rate.
 #1 America's Most Livable Communities; Partners for Livable Communities. The communities honored are evaluated on their strategies, visions, and actions towards preparing for the new economy as well for the creativity of their leadership and collaborative efforts across 10 areas: New economy, Tourism, Human Development, Housing, Neighborhoods, City Center, Leadership, Finance, Regionalism, Environment
#2 Economic Strength Ranking; Policom Corporation July 2007. Ranked by using Population of at least 50,000 with a high degree of social and economic integration.  3 other data sectors including areas of jobs, wages, earnings; non-farm proprietors, construction, retail; welfare, Medicaid factored in also.  
#2 Best Cities for Entrepreneurs; Entrepreneur Magazine September 2006. Found by using the National Policy Research Council's Entrepreneurial Activity Index to measure the best places to start and grow a company. The index is made up of two parts, each dedicated to measuring a key aspect of entrepreneurship: business formation and business growth.
#4 Americas Best Jobs in the Hottest Markets; Business 2.0. October 2007. Based on 2 year job forcast and five other economic sources.
#4 America's Best Housing Markets; Forbes, August 2007. Ranked by median house price as compared to last year out of the 50 biggest markets
#4 Best Walking Cities of 2007; American Podiatric Medical Association April 2007. Based on fitness-walker friendliness, safe streets, beautiful places to walk, mild weather, and good air quality. 
 #5 Best Housing Market; Forbes May 2007. Decided by median house price as compared to last year out of the 50 biggest markets.
#5 North American Cities of the Future, Rankings for large metros; FDIM Magazine April 2007. Cities were divided into population categories by size. Than Nominees were ranked on 7 selection factors, using a weighted score.
#6 Top Data-Center Markets; The Boyd Co. Inc May 2006. Ranked by annual cost to operate a 75-employee data center in a new, 125,000-square foot building.  
#7 America's Most Wired Cities; Forbes, January 2008. This ranking is based on the percentage of internet users with high-speed access, the range of service providers within a city, and the availability of public wreless hotspots
#8 Best Place for Home Sellers; Forbes, April 2008Each city was ranked by its 2007 unsold vacancy rate, calculated by the U.S. Census American Housing Survey, and how much the market had tightened or loosened when compared with 2006 conditions. Plus Const. Starts, building starts, job creation etc..

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