From Our History to the Future of Southeast USA Forging an Integrated Economic Growth Strategy for the Next 50 Years
www.cltglobal.com
Friday, May 8, 2015
Global Vision Leaders Group Prepared by John Paul Galles – jgalles@greatercharlottebiz.com – 704-676-5850 x 102 More Resources at: www.cltglobal.com Gardner-Webb University
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Charlotte - Trade & Tryon • At its most fundamental, Charlotte exists because of its location. It’s located at a crossroads of trading paths which were Indian paths, and before that, most likely, animal migratory paths. • Charlotte was built on the high ground between two creeks. In Europe, castles would have been built on the location, but in America, we built towns. The crossroads of what is now Trade and Tryon was situated on a trading path called the Great Wagon Road that ran along the Piedmont from Philadelphia through Lancaster County on the east side of the Appalachians. • The trading path, about 745 miles long, ran through Charlotte on its way to Augusta. In the early 1700s, it was the path that the new immigrants took south after they arrived in either New York or Philadelphia. Friday, May 8, 2015
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Four Booms • Boom No. 1: Gold! - Charlotte’s location along the Great Wagon Road made it an important supply center throughout the Revolutionary War, but its first real economic boom came in the 1790s as gold was discovered in Cabarrus and Mecklenburg counties.
• Boom No. 2: Military Base - Camp Greene is built in 1917 in just a few months on the acreage of the Dowd Farm and 60,000 men from all over the country arrived by train into Charlotte. “Each one of these soldiers,” says Saunders, “was getting $8.00 a month and $4.00 had to go home, but he had $4.00 he could spend here.”
• Boom No. 3: Electricity & Textiles – Led by the generation of electricity, Buck Duke launched its third economic boom (1904-1925) as a leading power provider and a regional textile center. Threads, elastic, fibers, and fabric were being produced. Some of the materials were sent to Michigan to be put in automobiles. Some were used in NC cities for the furniture upholstery. And much was used to make clothing ranging from socks to pants to sweaters.
• Boom No. 4: Banking - Charlotte’s fourth economic boom resulted in becoming the second largest banking center in the country. But it all started because some very entrepreneurial bankers, named Hugh McColl and Ed Crutchfield, decided (1958) they had to get bigger, and to do that they had to cross state lines.
• Following the recession of 2007 and 2008 – Jim Rogers of Duke Energy worked to create an Energy Consortium to make Charlotte an Energy Capital. – What’s Next???
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Major Change Factors •
The fall of the Berlin Wall paved the way for German reunification, which was formally concluded on 3 October 1990.
•
The dissolution of the Soviet Union was formally enacted on December 26, 1991.
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Free Trade Agreements Australian FTA Bahrain FTA CAFTA-DR (Dominican Republic-Central America FTA) Chile FTA Colombia FTA Israel FTA - 1985 Jordan FTA KORUS FTA - 2011 Morocco FTA North American Free Trade Agreement (NAFTA) - 1994 Oman FTA Panama TPA Peru TPA Singapore FTA Transatlantic Trade and Investment Partnership (T-TIP) Trans-Pacific Partnership Friday, May 8, 2015
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Let’s Examine How Our World is Changing! A new McKinsey Global Institute (MGI) report,
“Global flows in a digital age: How trade, finance, people, and data connect the world economy,” examines the inflows and outflows of goods, services, finance, and people, as well as the data and communication flows that underlie them all, for 195 countries around the world. (April 2014)
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Global flows . . . $26 trillion flow of goods, services, and finance in 2012, equal to 36% of global GDP Up to $450 billion added to global GDP growth each year by flows—and 40% more benefit for the most connected countries than the least connected 63% of global goods flows through the top 50 routes in 1990, down to 54% in 2011 18-fold increase in cross-border Internet traffic between 2005 and 2012
. . . by the numbers Friday, May 8, 2015
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Companies Choose to Export Because‌
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Charlotte region as a global hub! Global Vision The economic vision for the Charlotte region’s future is to become “a global hub of commerce�: a great inland port city leveraging its financial, energy, health care, educational, entrepreneurial, manufacturing, and logistical resources to world prominence Friday, May 8, 2015
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Charlotte region as a global hub How will we do this? 1. “Create things” by adopting entrepreneurialism and innovation as core values of the region and provide support for innovation and new business. 2. “Make things” by growing an advanced manufacturing base and providing world class employees through exemplary education and training success. 3. “Move things” through the new intermodal center at the Charlotte-Douglas International Airport. We will move people and goods faster, cheaper and more efficiently through the consolidation of train, truck, air and ship transportation. Friday, May 8, 2015
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N.C. Department of Commerce Designated Prosperity Zones
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S.C. Department of Commerce – MSA Map By contrast, SC recognizes MSAs particularly the greater Charlotte region - as important to economic development.
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Charlotte is at the heart of the Carolinas – the central commercial urban area.
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Richard Florida’s view of Southeast USA between 2009 and 2060! 2009
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2060
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As the mega-region has been dubbed, “Char-lanta” already has an economy larger than South Korea's, with more than a trillion dollars in output.
The combined business product from within the Piedmont Atlantic region totals about $1.3 Trillion…about the size of the total product from South Korea
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The combined business product from within the Piedmont Atlantic region totals about $1.3 Trillion…about the size of the total product from South Korea.
Raleigh
Charlotte Atlanta Birmingham
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Converging Factors Affecting our Future Making Charlotte a Global Hub for International Trade – An Inland Port for Logistical Growth 1. Location, Location, Location 2. Further Expansion of Charlotte Douglas International Airport $1.4 Billion 3. Capitalize on our new Norfolk Southern (NS) Intermodal Center 4. Access to Air, Roads, Rails, Ports and Population Centers 5. Expansion of the Panama Canal – Post-Panamax Ships and Beyond 6. NS & City of Charlotte investment of $136 million for roads and utilities in and around the airport and the Intermodal Center 7. 12,000 Acres Available for Development 8. Over 1,000 international companies located in the greater Charlotte region 9. Future U.S./European/Pacific Free Trade Agreements – TPP & TTIP 10. BEST Workforce Training programs at CPCC, Community Colleges & Technical Schools in NC-SC– NEW Collaborative Friday, May 8, 2015
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CLT – Airport – Growing On Demand 44.3 Million Passengers Per Year Pass Through Charlotte Douglas International Airport *Growing from 95 gates to 163 gates *Growing to 5 parallel runways. *By 2038, CLT will be equal to Hartsfield and O’Hare today.
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Charlotte Douglas International Airport Post 2025 DemandDriven Increase In Number of Gates to 163 Adding two 12,000foot runways
Future Gate Expansion
Preparation for Future Gate Expansion Friday, May 8, 2015
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*Charlotte is the only major distribution center midway between the Northeast, Midwest and Florida markets.
Charlotte business can reach 60% of the U.S. population within two hours by air and 24 hours by truck.
*Within 650 miles of Charlotte are 164 million U.S. and Canadian consumers and 55 of the country’s top 100 metropolitan areas. Friday, May 8, 2015
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Corridors of Commerce: Easy Access to Highways, Railroads, Air and Sea
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American Airlines/US Airways Merger Approved in December 2013 CLT is the 6th busiest airport in the United States. CLT is the 2nd busiest hub in the American Airlines footprint. CLT ranks 33rd in the United States for freight traffic.
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American / U. S. Airways Commercial Routes
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NS Charlotte Regional Intermodal Facility Opened December 2013
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NS Intermodal in Charlotte New Terminal
Airport Terminal Opened 12/09/13
Uptown Terminal Closed
Acreage
~170 acres Expansion options
~40 acres
Pad Tracks
3, totaling 13,225’ 3, totaling 5,300’ Expandable to 6
Support Tracks
8, totaling 24,810’
N/A
Parking Spots
1,328 on site
600
¼ mile from I-85
4 miles from I-85
Highway Access
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Old Terminal
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Charlotte
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Norfolk Southern Rails Buffalo
Albany Boston
Detroit
Chicago
Central Illinois
Kansas City
St Louis
Scranton Cleveland Bethlehem New York / New Jersey Harrisburg Toledo Pittsburgh Philadelphia Greencastle Baltimore Columbus Cincinnati Inland Virginia Louisville
Georgetown Norfolk Greensboro Huntsville
Memphis
Inland Charlotte South Carolina
Intermodal Network
Atlanta Birmingham
Dallas Shreveport
New Orleans
Charleston Savannah
Jacksonville
Haulage Extensions Intermodal Terminals On-Dock Access Interchange Gateways
Central Florida Friday, May 8, 2015
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Miami
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Charlotte’s Top Intermodal Shippers
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Expansion of Panama Canal Scheduled for Opening Early 2016
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Just for Comparison - Visualize this!
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Southeast USA Logistical Advantages
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Southeast Deep Water Ports
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Port of Charleston – Doubling in Size by 2019 equal to Savannah
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PORT OF SAVANNAH •
Garden City Terminal: The Southeast Gateway for the U.S. Friday, May 8, 2015
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Southeast USA - Deep Water Ports Savannah, Charleston & Norfolk
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Weekly Container Services (Currently)
35 4
27 38 10
41 – NY/NJ 38 – Savannah 35 – Norfolk 27 – Charleston 23 – Miami 10 – Jacksonville 4 – Wilmington
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Significant Land with Easy Access to CLT, the Intermodal Center, I-485, I-85 and I-77 is Vacant/Available for Growth Charlotte has over 12,000 acres available for development. Gaston County has substantially more land for development. York County also has substantial land for development.
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Alliance Texas
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BNSF Logistics Park – Joliet, Illinois (Just outside of Chicago)
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We have a STRONG Pitch!
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Here is another STRENGTH!
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In the Greater Charlotte Region We have the Best of Both Worlds – Quality of Life! Carolina Beaches
Blue Ridge Mountains
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Global Positioning How Do We Get In The Game?
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International Rankings by Site Selection Magazine & IBM – Dec. 2013
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From Our History to the Future of Southeast USA Forging an Integrated Economic Growth Strategy for the Next 50 Years
www.cltglobal.com
Friday, May 8, 2015
Global Vision Leaders Group Prepared by John Paul Galles – jgalles@greatercharlottebiz.com – 704-676-5850 x 102 More Resources at: www.cltglobal.com Gardner-Webb University
CLTglobal Video
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