CHARLOTTE, NC, APRIL 7, 2019 – Five years ago, the civic and business leaders of Charlotte-Mecklenburg, North Carolina discovered that they were building a bustling economy on a cracked foundation.
The region, with a population of roughly 860,000, is home to six Fortune 500 corporate headquarters, including Lowe’s and Bank of America, and universities. Charlotte’s business district is packed with high-rises, museums, trendy restaurants, performance venues and hotels. Cranes tower over construction sites and developers try keep up with demand for offices and condos.
By those criteria, the community was revving.
Then came the 2014 research from Harvard University and the University of California at Berkeley that people in Charlotte refer to simply as the “Chetty report,” after one of its authors. Read more.