Welcome to CEDD’s Inaugural Newsletter
June 26, 2019
Welcome to the inaugural Centralina Economic Development District (CEDD) newsletter. The CEDD is a 501(c)3 nonprofit that operates under the Centralina Council of Governments (CCOG) and is the U.S. Commerce EDA-designated “district” covering a nine county Charlotte region. CEDD exists to develop, maintain, and support implementation of the district’s EDA Comprehensive Economic Development Strategy (CEDS).…
Read More →Job Growth Slowed to 2.1% in 2018 in the Centralina Region; Financial and Information Industries Grew Fastest
June 26, 2019
Job growth in the 9-county Centralina region slowed to 2.1% in 2018 after peaking at 3.9% growth in 2015. Within the region, job growth was fastest in 2018 in Gaston County (3.5%), Iredell County (3.0%), and Lincoln County (2.7%). Mecklenburg County created the most new jobs, 15,000, growing 2.2%. Industries that are driving job growth…
Read More →Charlotte Metro Ranks High in Population Growth Against Competitor Metros, U.S. Average
June 26, 2019
The Charlotte Metropolitan Statistical Area (MSA) reported a population growth rate of 1.8% in 2018, according to the U.S. Census Bureau population estimates program. This growth rate places Charlotte in fourth place among a list of thirteen peer metros, behind only Dallas (1.8%), Raleigh (1.9%), and Austin (2.5%). These peer metros are selected based on…
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The U.S. EDA: A Resource for Community Economic Development Projects
June 26, 2019
Federal funding is available to aid municipalities in planning local economic development projects. Conducting a feasibility study is often a necessary step for projects, but requires a level of expertise difficult to obtain for communities that cannot afford top dollar consulting firms. The U.S. Economic Development Administration (EDA) provides a focused grant opportunity to help…
Read More →Young Professional Population Reaches 634,000 in 2018 in the Centralina Region
June 26, 2019
The population of young professionals aged 25-44 grew by 42,000 people over the last 5 years in the Centralina region, reaching a total of 634,000, a 7% increase. Within the region, Cabarras County grew its 25-44 year-old population the fastest – 12%, followed by Mecklenburg County (9%) and Gaston County (6%). All other counties in…
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The Centralina Region Attracted nearly $800 Million in New Gross Income in 2016 as well as 10,000 New Households
June 26, 2019
The largest influx of money came from out of state: Cook County, Illinois and Suffolk County, New York brought roughly $27,000 in new income each. However, significant money left the Centralina region to York and Lancaster counties ($150M) in South Carolina’s portion of the Charlotte metro as well as retirement hotspots in Charleston, Brunswick and…
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