Charlotte's Web of Headquarters

North Carolina's Polymers Center for Excellence in Charlotte offers training, R&D and other services for the state's flourishing plastics industry.

In Charlotte, perhaps new development will salve the sting of losing the NBA's Hornets to New Orleans. The Queen City continues to garner headquarters relocations.
        Sata America, a Silicon Valley distributor of industrial printers, is moving east and will eventually employ 50 in Charlotte.
        PCI Wedeco, a Germany-based industrial technology company, will move its U.S. headquarters and manufacturing operations here, bringing about 200 jobs.
        Southern Engineering, a steel fabrication company, will expand to a 235,000-sq.-ft. (21,832 sq.-m.) facility and add 20 jobs by the end of the year.
        Charlotte netted about a dozen headquarters relocations in 2001. One of the largest was the Billy Graham ministry, which will move 450 jobs from Minneapolis. Also moving south was SPX Corp., which moved from Muskegon, Mich.
        The CoStar Group reports office vacancy rates in the Charlotte metro area continued to climb during the first quarter. The region's office vacancy rate has set records for three consecutive quarters and was at 13.2 percent in May. CoStar says Charlotte added nine new office buildings totaling 134,633 sq. ft. (12,507.8 sq. m.) during the quarter.
        One final Charlotte sports note: the city will host the inaugural Continental Tire Bowl on Dec. 28. The bowl's namesake is yet another firm headquartered in Charlotte. Pitting a team from the ACC vs. a team from the Big East, it will be the first major college football bowl in the Carolinas.

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