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Objective:  Promote Economic Opportunity

                        

"I help make Charlotte a beautiful place to live and work."

Boun Yong Vongsa
Pesticide applicator
Engineering & Property Management
Employed 5 years

Image of Engineering Employee

 

  • Funding for the City's Capital Investment Plan for FY2004-2008 totals $2.3 billion, a decrease of 12% directly attributable to the economic downturn and decrease in revenues

Successes

  • New businesses along business corridors increased by 36.7%.  Twenty businesses have opened in the Plaza-Central, Morehead Street, Davidson Street and South End areas.  Since 1999, more than 75 businesses have opened along these corridors
  • Water and sewer rates remained among the lowest when compared with rates in cities of similar size.  The average monthly residential water and sewer bill is $40.06
  • Small business loans and grants awarded by the City's Neighborhood Development Department helped 75 businesses and created 46 new job

  • The recent addition of American Trans Air (ATA) improved Charlotte/Douglas International Airport's low-fare service offerings






 



 



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Challenges:

  • Hotel room sales fell for the third consecutive year, from 4.7 million in FY2000 to 3.9 million in FY2003.  This decrease is due to an overall decline in travel and tourism and increased competition from hotels elsewhere in the region
  • Percentage of Charlotte area jobs remaining within Mecklenburg County fell short of the targeted 46%.  Approximately 419,491 (44.7%) jobs in the Charlotte metropolitan area are in Mecklenburg County
  • Cost of air travel continued to challenge business attraction and retention efforts.  However, the hub operation service still draws companies to the area
Photo of Trolley


 



 



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