Real Estate Professional Network

Remaking Charlotte's Banking Economy

It is hard to believe that it has been over two and a half years since the beginning of the great recession. In Charlotte, we were fortunate that our housing market was the last major city to enter, but we were hit hard by the major shifts to the financial institutions and in the financial markets. The loss of Wachovia was unimaginable. Although, Wells Fargo has been a steady partner to the Queen City, it will never give us the attention and priority that we once had from First Union/Wachovia. Bank of America has weathered the storm, but there has been such a sense of insecurity across the region due to all of the negative press.

The good news started up slowly at the beginning of 2010 as Electrolux and Husqvarna announced that they would be moving their headquarters here and Siemens announced the expansion of their current facilities. I had heard mention of another company Celgard that manufactured parts for hybrid vehicles, but had no idea the overall impact.

Charlotte as an energy capital?? YES! Charlotte will continue to grow with high-paying jobs as we attract the energy industry. Watch this video!

Remaking Charlotte's Banking Economy

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