The Charlotte Region is truly global. With more than 250,000 foreign-born residents and more than 1,000 internationally owned businesses operating in the region, our region provides the diverse and thriving economic, social and cultural environment international businesses need to grow. As a financial and emerging tech and manufacturing hub, the region welcomes and provides a strategic location for accessing key United States markets. Charlotte Douglas International Airport offers more than 700 daily nonstop flights to major North American and international markets, making the Charlotte region an ideal center for growth. The region is positioned in two “Best States for Business� with one of the lowest corporate tax rates in the nation, a competitive and affordable cost of living providing flexibility for business innovation, relocation and expansion.
Q1 2019
N T E R N AT I O N A L F I R M S I N T H E C H A R L O T T E R E G I O N
INTERNATIONAL FIRMS IN THE CHARLOTTE REGION
10 OR FEWER COMPANIES
INTERNATIONAL COMPANIES BY PARENT COUNTRY COUNTRY OF PARENT COMPANY
COMPANIES
LOCATIONS
REGIONAL EMPLOYMENT
Germany
217
258
20,990
United Kingdom
121
166
8,735
Canada
102
123
5,966
Japan
84
94
8,076
Switzerland
59
71
4,211
France
59
67
4,206
Italy
60
62
2,403
The Netherlands
47
59
4,575
China
57
58
2,750
Sweden
38
49
3,490
Ireland
23
30
5,163
Australia
20
24
1,153
India
18
18
227
Austria
15
17
874
Belgium
17
17
667
Brazil
12
16
1,468
Mexico
12
16
626
Luxembourg
9
15
549
Denmark
13
14
659
Taiwan
12
12
193
Other*
84
95
5,189
Grand Total
1,079
1,281
82,170
Source: Charlotte Regional Business Alliance, 2019. Other*: Countries with less than 10 companies in the Region - Bermuda, Colombia, Czech Republic, Finland, Honduras, Iceland, Indonesia, Israel, Kuwait, Latvia, Lebanon, Liechtenstein, Malaysia, Monaco, New Zealand, Norway, Poland, Portugal, Saudi Arabia, Scotland, Singapore, South Africa, South Korea, Spain, Turkey, United Arab Emirates, and Venezuela
11-25
26-50
51-100
100+
INTERNATIONAL COMPANIES & INDUSTRIES
Manufacturing ...........................................................52% Wholesale Trade..........................................................16% Professional, Scientific, and Technical Services ......13% Transportation and Warehousing ............................... 6% Other ...........................................................................13%
INTERNATIONAL COMMUNITY/MIGRATION • 256,776 Foreign-Born in the Region • 7,000+ people from other countries move to Mecklenburg County and bordering counties between 2017-2018
IMPORTS-EXPORTS IN THE REGION North Carolina: $9.1 billion North Carolina Goods Exports to Europe
Source: JobsEQ, U.S. Census Bureau & Charlotte Regional Business Alliance
ACCESS
For you & your business (by Airport and/or Truck): • 700+ Daily Flights to more than 150 destinations including 34 direct international flights • Reach 53% of the U.S. population within 2 hours by plane or 12 hours by truck Source: Airport Activity & Charlotte Business Alliance
$14.5 billion North Carolina Good Imports to Europe
South Carolina:
COMPETITIVE TAXES
$9.1 billion South Carolina Goods Exports to Europe
• Corporate Tax: 2.5% • Personal Income Tax: 5.25% • Sales Use Tax Rate: 7.25% • Property Tax Rate: $1.3119 per $100 valuation Source: C2ER 2018 Annual Averages
$15.1 billion South Carolina Good Imports to Europe Source: Transatlantic Report & Charlotte Regional Business Alliance, 2019
Charlotte, NC-SC:
TOP 10 INTERNATIONAL BUSINESS EMPLOYERS IN THE REGION
Regional Employment
County
6,104
Regional
COMPANY
REGIONAL EMPLOYMENT
COUNTY
Ingersoll Rand Co Ltd
1,900
Mecklenburg
48%
$17.1 Billion in Real Exports, 48% increase from 2003-2017
40
52,000+ in Direct Export-Supported Jobs, 40% increase from 2003-2017
70
109,300+ in Total Export-Supported Jobs, 70% increase from 2003-2017
%
%
TOP 5 INDUSTRIES BY REAL EXPORTS (MIL) 2017
Siemens Energy Inc
1,725
Mecklenburg
EY
1,350
Mecklenburg
MANN + HUMMEL Filtration Technology
1,317
Gaston
Schaeffler Group USA Inc
1,300
York
Compass Group North America
1,230
Mecklenburg
HMSHost
1,000
Regional
RESINS & SYNTHETIC RUBBERS: 720 (4.2%)
Giti Tire Group
1,000
Chester
Aon Hewitt
1,000
Regional
MANAGEMENT & CONSULTING: 640 (3.7%)
MOTOR VEHICLE PARTS: 780 (4.5%) ENGINE & POWER EQUIPMENT: 770 (4.5%) CREDIT ISSUANCE & LENDING: 770 (4.5%)
Source: Global City Initiatives, Brookings Institution & JP Morgan Chase, 2018
U.S. FDI Majority-owned U.S. affiliates (MOUSAs) of foreign-multinational enterprises
RECENT MAJOR FDI ANNOUNCEMENTS
MANUFACTURING
International Business in the Charlotte Region Alexander County Iredell County
Taylorsville
Hickory
77
Statesville
40
Salisbury
Newton
Catawba County
Mooresville
85
321 Lincolnton
Lincoln County
Kannapolis Huntersville
74
Concord
Albemarle
Cabarrus County
Shelby
Cleveland County
Rowan County
85
Gastonia
Stanly County
Gaston County
York County
Chester
Mint Hill
Mecklenburg County Indian Trail Union County
Fort Mill
Rock Hill
Chester County
Charlotte
485
Indian Land
Waxhaw
77 Lancaster County Lancaster
Monroe
Anson County
74
NC SC
Pageland
Chesterfield County
>7%
5-7%
3-5%
0.1-3%
FDI Research & Development in the Region Oerlikon, additive manufacturer and global provider of surface solutions, equipment, advanced materials and materials processing, has grown its presence in the region with its new 125,000 square foot research and development facility in Huntersville, North Carolina. About 60 people currently work in the facility and a total of more than 90 fully functional employees will be employed over the next three years. The $55 million Innovation Hub & Advanced Component Production facility will serve as a cornerstone of the company’s additive manufacturing business in the U.S. and will use high-tech tools, rapid prototyping and metal and plastics 3D printing to help customers create new components and transform production processes.
330 S. Tryon Street Charlotte, NC 28202 704.378.1300 www.charlotteregion.com
Germany Dentsply Sirona 320 Jobs • $3M Tristone Flow Tech 302 Jobs • $23.6M Isotopen Technologien Muchen 137 Jobs • $17M
China Prinston Pharmaceuticals 127 Jobs • $3M PROFESSIONAL & FINANCIAL SERVICES
France AXA 550 Jobs • $18M
United Kingdom EY 375 Jobs • $8.2M