Charlotteusa By The Numbers 3 31 2010

BY THE NUMBERS

MARCH

Charlotte Regional Partnership550 South Caldwell St

Suite 760Charlotte, NC 28202

(704) 347-8942fax (704) 347-8981

Compiled monthly and posted onlinewww.charlotteusa.com:

Vanessa Goeschl, CEcD,VP Research

[email protected]

10

BY THE NUMBERS

BY THE NUMBERS

10000

20000

30000

40000

50000

DecDecNovNovOctOctSepSep

AugAugJulJulJunJunMayMayAprApr

MarMar

FebFebJanJan

20092008 2010

20,671

BY THE NUMBERS

Charlotte Regional Partnership:

Initial Unemployment Claims



MarMar

FebFebJanJan

2008 2009 2010

1000000

1100000

1200000

1300000

1400000

1500000

1,110,013

Charlotte Regional Partnership:

“Employed” Population

NC11.2%

SC12.5%

Labor Force in Charlotte USA (Jan 2009 to Jan 2010)Contracted by 0.5% or

-7,423people

Unemployment Rate in Charlotte USA

increased to 13.62% from 13.58% last month

Initial Unemployment Claims decreased region wide by

30.7% in February

A change in the unemployment is not entirely attributable to job gains and losses. It is partially caused by the movement of people in and out of

the labor force.

Local Labor Conditions

Over-the-Month Employment Change 1,500 0.2%

Government 1,300 1.1%

Education & Health Services 800 1.0%

Other Services 400 1.3%

Leisure & Hospitality 300 0.4%

Professional and Business Services 200 0.2%

Trade, Transportation & Utilitie 0 0.0%

Information -200 -0.9%

Manufacturing -300 -0.5%

Financial Activities -500 -0.7%

Mining Logging & Construction -500 -1.4%

Over-the-Year Employment Change --27,400 -3.3%

Educational & Health Services 2,400 3.0%

Government 1,100 0.9%

Information -500 -2.3%

Other Services -1,200 -3.8%

Trade, Transportation & Utilities -2,500 -1.5%

Professional & Business Services -2,500 -2.0%

Leisure & Hospitality -2,500 -3.0%

Financial Activities -4,800 -6.7%

Manufacturing -6,600 -9.2%

Mining Logging & Construction -10,300 -22.8%

Charlotte-Gastonia-Concord MSA: Employment Trends

Source: NC Employment Security Commission, Feb, 2010. MSA include Anson, Cabarrus, Gaston, Mecklenburg, Union and York Counties

Source: NC ESC, SC ESC LAUS Feb 2010Source: NC ESC, SC ESC Feb, 2010

BY THE NUMBERSBY THE NUMBERS

National Perspective

Southeastern U.S. Perspective

U.S. Unemployment Rate

U.S. Consumer Confidence Index

1.0

3.8

6.6

9.4

12.2

15.0

2008 2009 2010DecDec

NovNovOctOctSepSepAugAugJulJulJunJun

MayMayAprApr

MarMar

FebFebJanJan

9.7%

0

30

60

90

120

150



MarMar

FebFebJanJan

2007 20092008 2010

52.5

0

10

20

30

40

50

60

70

Employment ProductionNew OrdersComposite (PMI)

Jul-09 Jun-09

May-09 Apr-09

Mar-09

Mar-10 Feb-10

Jan-10 Dec-09

Nov-09 Oct-09

Aug-09 Sep-09

59.6

Institute for Supply Management (ISM)

Report on Business: Manufacturing Diffusion Indices

-80-70-60-50-40-30-20-10

0102030

Employment ShipmentsNew OrdersComposite

Aug-09 Sep-09

Jul-09 Jun-09

May-09 Apr-09

Mar-09

Mar-10 Feb-10

Jan-10 Nov-08

Dec-09 Oct-09

6

Federal Reserve Bank of Richmond:

Fifth District Survey of Manufacturing Activityincludes Maryland, Virginia, West Virginia, North Carolina and South Carolina

Source: U.S. Bureau of Labor Statistics Mar, 2010

Source: The Conference Board Mar 2010

Source: Institute for Supply Management Mar 2010

Source: Federal Reserve Bank of Richmond Mar 2010


Southeastern U.S. Perspective

100110120130140150160170180190200

AtlantaDallas

CharlotteTampa

Washington DC

Aug-09 Jul-09

Jun-09

May-09 Apr-09

Mar-09 Feb-09

Jan-10 Dec-09

Nov-09 Oct-09

Sep-09

S&P / Case-Shiller Index Home Price IndicesSeasonally Adjusted

10001300160019002200250028003100340037004000

DecDecNovNovOctOctSepSepAugAugJulJulJunJun

MayMayAprAprMar

MarFebFebJanJan

20092008

$2,479,009,873

Total Taxable Sales: 16-county Charlotte region

Source: NC Department of Revenue, SC Department of Revenue Oct 2009

Source: S&P / Case-Shiller Index January 2010. 3 month rolling average

BY THE NUMBERS

Labor Market Comparison to Regions in Carolinas:

Labor Market Comparison to Other Southeast Metro’s

-10.0

-8.5

-7.0

-5.5

-4.0

-2.5

-1.0

0.5

2.0

3.5

5.0

AtlantaCharlotte

CincinattiNashville

Jacksonville

Richmond

0.01%-1.5% -2.4% -2.5% -2.8% -4.4%

Net Jobs as % of Workforce: February 2009-February 2010

Source: LAUS program in VA, FL, OH, TN, KY, NC, SC, GA Labor Departments

-10.0

-8.5

-7.0

-5.5

-4.0

-2.5

-1.0

0.5

2.0

3.5

5.0

UpstatePTPRTP

Southeast AdvWest

Northeast

0.1%

-0.1% -0.3% -0.5% -1.5% -1.8%

U

AEastern CRP

RT

Ea

-3.1% -3.7%

Net Jobs as % of Workforce: February 2009-February 2010

Source: LAUS program in NC, SC Labor Departments

BY THE NUMBERS

Company County New or Expanded TypeAdded Jobs

July-09Apple Catawba New Data Center 50Devon Office Furniture Chesterfield New Mfg/Dist 20

Liberty NationalMecklenburg/York Exp Finance/Insurance 300

Revenue Strategies Mecklenburg New Sales N/AFreightliner/Daimler Gaston Exp (Rehire) Mfg 25CU Pharmaceutical Research Chester Exp Med research N/AYale Industrial Products Inc. Anson Exp and rehire Mfg 65The 909 Group Mecklenburg Exp Consulting 15-50Imperial Guard and Detective Serviced Mecklenburg New Security 35Honeywell Safety Products York Exp Mfg 80McVeigh & Mangum Engineering Inc. Mecklenburg New Engineering 5Spantek Lincoln New Mfg 25Peak 10 Inc Mecklenburg Exp Data Center 5PolyAmerica Chester New/restart Mfg 400CorrEnergy Biodiesel Plant Lincoln New Energy 11

August-09Fifth Third Mecklenburg Exp Finance/retail 50BestSweet Iredell Exp Mfg 15Carolina Ingredients, Inc York (frm Meck) Exp Mfg 25Hendrick Motorsports Cabarrus Exp Motorsports 5Zenta Mecklenburg Exp Finance/Services 400Ethan Allen Catawba Exp/recall Mfg 352NaviSite Mecklenburg New Data Center 51Morgan Stanly Mecklenburg Exp Finance N/ABiotage LLC Mecklenburg New US HQ/Mfg 21Heil Screw Products Catawba New Mfg 10Competition Accessories York New HQ/Distribution 40Camber Ridge (tire testing) N/A New Research/Development 15-20Neighborhood Assistance Corp. of America Mecklenburg Exp (2nd) Finance/Mortgage 1000Ostec Industries Lincoln New Mfg 5Husqvarna Mecklenburg Exp HQ N/AHof Textiles Lincoln Exp Mfg 16

September-09Teknek Mecklenburg New Mfg 6Citizens South Union Exp Financial/retail N/ASCR-Tech Mecklenburg Exp Mfg/Energy 61

Charlotte USA Business Activity: Announced Investments, Layoffs & Closures



Acacia Home and Garden Catawba Exp Mfg N/ACaye Home Furnishings Alexander New Mfg 128GAI Consultants Mecklenburg New Engineering 20Westinghouse Electric Co Mecklenburg Exp Energy 20Argix Mecklenburg Exp Trucking 25Industrial Timber Alexander Exp Mfg 17Jet Project Ltd Mecklenburg New Call Center 2North Carolina Foam & Sales Alexander New Mfg 20Mountain Khakis Gaston Exp Dist/Warehouse N/AU.S. Bancorp Mecklenburg Exp Financial services 70UFS Holdings-Premiere Fibers Anson Exp Mfg 20

October-09International Medical Equipment & Service Inc York Exp Healthcare 5Red Ventures Lancaster Exp HQ 1000Biodiesel Production Company Mecklenburg New Energy-biodiesel N/ALiburdi Dimetrics Iredell New HQ/Mfg 80CBLPath Cabarrus New Healthcare 10Kinro (Drew Industries Inc.) Chester New Mfg N/ALegrand York Distribution Center 185Rug and Home Cabarrus Exp HQ/Dist/Warehouse 40-75Premier Inc Mecklenburg Exp HQ/Healthcare 300Komet USA York Exp USHQ Med Device Mfg 0Solamere Advisors Mecklenburg New Financial services 11USDA Human Nutrition Center Cabarrus New Gov/Healthcare 150New Finish, Inc. Stanly Exp Mfg 0Johnson & Wales University Mecklenburg Exp Education N/AFiServe Catawba New Financial Serv/CallCen. 419Highland Industries Inc. Chesterfield Exp Mfg textiles 20

November-09Piedmont Rubber Recycling Iredell Exp Environment 48Legacy Furniture Group Catawba Exp Mfg furniture 50Critical Systems Mecklenburg New Commercial safety sys. 30Magna Composites Rowan Exp Mfg auto parts 162Freightliner Gaston Rehire Mfg auto parts 25Mallard Creek Polymers Cabarrus Exp Med Devices 10Bell Lines Inc Cleveland Exp Trucking 400Bank of America Home Loans Mecklenburg Exp Financial Services 143NouvEON Mecklenburg Exp Energy/Tech 50Secure EDI Mecklenburg Exp Healthcare/IT 42


BY THE NUMBERS

Source: Compiled by CRP staff from various news sources, press releases and company announcements



QualTech Industries Cleveland Exp Machine shop 30Lash Group Mecklenburg Exp Health-care 500 (150p)PGT Rowan Exp Mfg/Energy 165SBM Solar Inc. Cabarrus Exp Mfg/Energy 60BB&T Rowan Exp Finance N/A

December-09Sennebogen Lincoln Exp Mfg cranes 26Duke Energy Corporate Training Center Cleveland Exp Energy 75-125The Babcock & Wilcox Co. Mecklenburg New Energy/HQ 12Greyne Custom Wood Co. Lancaster Exp Mfg/wood flooring 35Paragon Films Alexander Exp Plastics/plastic film 15Capital Advisors Inc Mecklenburg Exp/Spinoff Financial Services 13AME, Inc. (Move from Rock Mill and Exp) Chester Exp Mfg dept/warehouse N/ACygnus Asset Management Mecklenburg New FS-wealth mngmt 4Geosyntec Consultnant Mecklenburg New Cosulting/Engineer 20Electrolux Mecklenburg New NAHQ 738Narenco Mecklenburg New Energy-renewable 30Talon System Iredell New Mfg/furnitre 150CEM Corp Union Exp Mfg/med device 50Zenta Mortgage Services Mecklenburg Exp Financial Services 1000

January-10Advanced Green Technologies Mecklenburg Exp Energy N/AWilbert Plastic Services Gaston New HQ/Mfg 41Composite Resources York Exp Mfg 50Husqvarna Mecklenburg Exp NAHQ/Mfg 160Belk Mecklenburg Exp HQ/retail 39Harmony Labs Cabarrus Exp Pharma mfg 40Concord Global Trading Iredell New Wlsle/Retail funiture N/AExtend-A-Haul Rowan Exp Mfg/truck parts 10-50Convergys Corp Catawba Exp Call center 120

CelguardMecklenburg/ Cabarrus Exp Energy/Batteries 289

Monsanto Co. Cabarrus New Research/health 12W.A. Brown and Son Rowan Rehire Mfg 20Advanced Disposal Mecklenburg New Environmental Serv. N/A

February-10Kewaunee Scientific Corporation Iredell Expansion Mfg-lab equipment 100Solaris Industries Inc. Cleveland New Mfg-steel tubes 40Defense Venture Group Lancaster Move from Meck HQ/Mfg armored vehic. 220Bradman Lake York Move from Meck Mfg-food packaging 50Wastequip Inc., Mecklenburg New Mfg-waste container N/A

BY THE NUMBERSCharlotte USA Business Activity: Announced Investments, Layoffs & Closures


March-10The Garretson Firm Mecklenburg Exp Legal Serv/health care 30Turman Commercial Painters Mecklenburg Exp Commerical Painters N/ALongitude 80 Dairies LLP (Stamey Farms with Toni Dairy Industry SA) Iredell New Yogurt production 32Triad Racing Technology Iredell New Engine shop/mtrspts 56Pierre Foods, Inc Catawba Exp Mfg/Dist food 500Continental Tires The Americas Lancaster Exp Mfg auto parts 50Siemens Energy Mecklenburg Exp Mfg gas turbine 825Turbotec Catawba Exp Mfg heat exchangers 73Robbins-Gioia Mecklenburg Exp Financial Services n/aSonoco Recycling Inc Mecklenburg Exp Material recovery 0Hammerhead Iredell New Film studio n/aColfax Corporation (IMO Pump) Union Exp Mfg pump/valve 0Atlas Copco York/Meck Exp Dist. Center in Meck 8Industrial Fabricators/Dixon Products Gaston Exp Mfg pipe 50Hewitt Associates Mecklenburg Exp Consulting/FS/IT 463

BY THE NUMBERS

Company County Layoff/Closure Type Lost JobsJuly-09

Humana Inc/KMG Lancaster LY Finance/Insurance 29Stock Building Supply Gaston CL Supplier 15Red Horse Racing LLC Iredell CL Motorsports 28Richard Petty Motorsports Iredell LY Motorsports 9Constar Chesterfield LY Mfg 11Toray York LY Mfg 5Jason Finishing Group Conover CL Mfg 43ZF Lemforder Lancaster CL Mfg 108

August-09Ticona Polymers Cleveland LY Mfg 100Celanese Cleveland LY Mfg 100Doosan Mecklenburg CL HQ/Construction N/AIngold, Inc Catawba CL Construction N/ACross Automation Gaston LY Tech N/AFederal Reserve Mecklenburg LY Finance 52Altec Industries Rowan Exp Mfg 15Advanced Tubing Technology, Inc. Iredell LY Mfg N/A

September-09UNC Chapel Hill - Research Campus Cabarrus LY Health/Life Sciences N/AGuardian Freight Catawba LY Transportation 10Power Curbers, Inc. Rowan LY Construct/Services 45

October-09N.C. Research Campus (UNC-CH) Cabarrus LY Life Science 6Sealer Agents Waterproofing Union LY Construction 20OneCare Co. (Esseplast USA) Mecklenburg CL Mfg 55Hooker Furniture Corp. Rowan CL Mfg 23

November-09MI Windows and Doors Rowan CL Mfg 110W.A. Brown & Son Rowan CL Mfg 100Red Ventures Mecklenburg Moved Technology 25Terex Corporation York LY Mfg 65

December-09GMAC Mecklenburg LY Financial Services 45Color Ad Packaging Union CL Mfg/plastic-bag 85Tree.com Mecklenburg LY Financial service/tech N/APre-Build East Mecklenburg CL Building materials 65Weber Automotive Chesterfield LY Mfg 30Signature Event Group York CL Event Mngmt 7


BY THE NUMBERS

Company County Layoff/Closure Type Lost JobsJanuary-10

Coastal Federal Credit Untion Meck/Cabarrus CL Financial Services N/ANASCAR Scene/NASCAR Illustrated Cabarrus Merge Motorsports/Media 18Haldex Iredell CL Mfg 91Charlotte Observer Mecklenburg LY Media 25Glen Raven Iredell LY Textile Mfg 41The Herald York LY Media 7Dana Holdings Corp Iredell LY Mfg/engineering 25Clayton Homes Stanly CL Mfg/Modular Homes 94

February-10Sun Chemical Corp Mecklenburg CL Mfg-inks and coatings 75GMAC (Semperian) Mecklenburg LY FS call center-auto 71Taylored Chemical Products Cleveland CL Chemicals 40Orthofix International Mecklenburg CL Med device 6

March-10Maxon Furniture Inc Rowan CL Mfg furniture 132CommScope Catawba LY Mfg cable 85AbitibiBowater York LY paper mill 30Berry Plastics Corp Mecklenburg CL Mfg packaging 73Pass Seymour/Legrand Cabarrus LY Mfg/Dist wiring 163


Source: Compiled by CRP staff from various news sources, press releases and company announcements