Charlotte, NC, February 19, 2026
North Carolina’s economic landscape is thriving, with Charlotte at the forefront. Recent accolades highlight the state’s appeal to residents and businesses, evidenced by impressive rankings of multiple counties. Mecklenburg County’s growth in key sectors like finance and healthcare, alongside Cabarrus County’s industry diversification, underscores the region’s entrepreneurial spirit and supportive environment. As the state continues to attract talent and investment, community engagement remains vital for sustaining this momentum and fostering innovation across local economies.
Charlotte: North Carolina’s Economic Momentum Shines on a National Stage
North Carolina is once again making headlines, this time for its impressive economic landscape that positions it as a prime destination for residents and businesses alike. Recent reports from publications like The Business Journals have highlighted the state’s desirability, with one North Carolina county being recognized as the most desirable in the entire U.S. and an additional eleven counties ranking among the top 50 nationwide. This notable achievement underscores the power of local entrepreneurial spirit, strategic economic development, and community engagement in fostering robust growth across the Old North State.
This recognition reflects a broader trend of economic dynamism within North Carolina, a testament to the resilient spirit of North Carolina entrepreneurs and the strategic efforts to cultivate a business-friendly environment. These rankings are not merely accolades; they are indicators of vibrant communities where innovation thrives, small businesses find fertile ground, and individuals can achieve their professional and personal aspirations. The state’s ability to attract and retain talent and investment speaks volumes about the foundations laid by supportive policies and a commitment to progress.
Fostering a Thriving Business Climate Across North Carolina
The consistent high performance of North Carolina counties in national desirability rankings is directly linked to a favorable climate for commerce and development. This environment is characterized by proactive economic development initiatives, a skilled workforce, and an emphasis on infrastructure that supports growth rather than hindering it. The benefits of limited regulation have allowed businesses, particularly Charlotte small business owners, to innovate and expand, contributing significantly to regional prosperity. This strategic approach ensures that companies can navigate the market with agility, fostering both job creation and investment.
Mecklenburg County: A Hub of Innovation and Growth
Mecklenburg County, home to Charlotte, stands as a prime example of North Carolina’s economic strength. The county has seen significant population growth, increasing by 1.39% from 2022 to 2023 to reach 1.13 million people. This growth is paralleled by an 8% increase in the number of people working from February 2020 to December 2023, and a substantial 47% increase from December 2007 to December 2023. Key employment sectors include Finance & Insurance, Health Care & Social Assistance, and Professional, Scientific, & Technical Services.
The median household income in Mecklenburg County experienced a 5.68% increase from $79,265 in 2022 to $83,765 in 2023. Similarly, the median property value rose by 10.9% from $334,700 in 2022 to $371,200 in 2023. Charlotte plays a central role in this regional success, capturing a significant share of metropolitan area job growth and demonstrating its increasing influence as an economic engine. Programs like the Charlotte Center City Small Business Innovation Fund exemplify the commitment to supporting local entrepreneurs, offering grants to small businesses to adapt and innovate in a changing economic landscape. These initiatives are crucial for building resilience and ensuring sustained economic vitality in the Charlotte NC business community.
Cabarrus County: Driving Industry Diversification and Investment
Just northeast of Charlotte, Cabarrus County showcases a focused approach to economic development through strategic partnerships that support local startups, existing businesses, and the recruitment of new industries. Once a center for textiles, Cabarrus County is now experiencing new growth in sectors such as automotive, bioscience, and food production. This diversification is attracting substantial investment, including billion-dollar manufacturing projects from companies like Red Bull/Rauch North America/Ball Corporation and Eli Lilly and Company. These investments are projected to generate more spending at small businesses, offer job advancement opportunities, and contribute to lower taxes for residents.
The Cabarrus Economic Development Corporation actively works to attract and grow diverse jobs with higher wages, targeting technology, pharmaceuticals, and business services. They also focus on encouraging suitable real estate development and supporting entrepreneurs by increasing access to funding and streamlining regulatory processes. Concord, the largest city in Cabarrus County, was recognized by WalletHub as one of the fastest-growing cities in the United States in 2017. The city also offers grant programs, business parks with immediate access to Interstate 85, and a streamlined permitting process, coupled with favorable municipal and county tax rates. These factors contribute to a robust environment for North Carolina economic growth.
Union County: A Blend of Rural Charm and Dynamic Economy
Union County, the second-largest county in the Charlotte-Mecklenburg region, exemplifies a harmonious blend of a relaxed lifestyle and a dynamic economy. Located conveniently near Charlotte-Douglas International Airport, Union County offers ample space for both residents and businesses to thrive and innovate. It is an emerging hub for international business, with a highly developed infrastructure and a strong focus on technology and innovation. The county’s economy is diverse, with prominent industries including precision/aerospace manufacturing, food systems/agribusiness, healthcare, office headquarters, and retail development.
The construction of the Monroe Expressway has significantly enhanced transportation, making business operations more efficient and spurring academic opportunities. Union County’s population exceeded 239,000 in 2020, up from approximately 202,000 a decade earlier. The Union County Chamber’s small business program offers education, networking, and promotion, underscoring the community’s commitment to nurturing local enterprises. Furthermore, the county has seen substantial aerospace investment, totaling $1.4 billion since 2002, and hosts the largest geographic aerospace cluster in North Carolina. This robust environment attracts global companies and contributes to the overall prosperity of the Charlotte region.
North Carolina’s Enduring Appeal
North Carolina’s consistent high rankings in state-level business desirability assessments further solidify its reputation. The state has been recognized as a top performer in CNBC’s “Top States for Business” rankings, achieving first place three times (2022, 2023, 2025) and second place twice (2021, 2024), demonstrating its consistent appeal. In 2024, Area Development’s “Top States for Doing Business” report ranked North Carolina fourth nationally, excelling in areas such as access to qualified labor, business incentive programs, favorable regulatory environment, and logistics and infrastructure. The state also ranks high for permitting speed, an essential factor for rapid business development.
These accolades reflect a strategic alignment of resources, policies, and community effort that positions North Carolina as a leader in economic development. The state’s commitment to supporting both large industries and Charlotte small business ventures through streamlined processes and incentive programs creates a fertile ground for innovation and long-term success. This balanced approach ensures sustainable growth, contributing to a high quality of life for its residents.
Looking Ahead: Sustaining Momentum
North Carolina’s strong showing in national desirability rankings, with one county leading the nation and eleven in the top 50, is a clear indicator of a flourishing economic ecosystem driven by entrepreneurial spirit and thoughtful policy. From Charlotte’s bustling financial sector to the diversifying industries of Cabarrus and Union counties, the state exemplifies how community involvement, private investment, and a welcoming regulatory landscape can foster remarkable growth and resilience.
As we celebrate these achievements, it is vital for residents and local leaders to continue championing the initiatives that make North Carolina such a desirable place to live and do business. Supporting local businesses, advocating for sensible economic policies, and engaging in community development efforts are key to sustaining this momentum. Let’s continue to nurture the environment where innovation thrives, personal achievement is celebrated, and North Carolina entrepreneurs can build the future.
Frequently Asked Questions
- Which North Carolina county was recognized as the most desirable in the U.S.?
- A North Carolina county was recognized as the most desirable in the entire U.S. by publications like The Business Journals.
- How many North Carolina counties ranked among the top 50 most desirable nationwide?
- An additional eleven North Carolina counties ranked among the top 50 most desirable nationwide.
- What are some key economic sectors experiencing growth in Mecklenburg County?
- Key employment sectors experiencing growth in Mecklenburg County include Finance & Insurance, Health Care & Social Assistance, and Professional, Scientific, & Technical Services.
- What industries are driving economic diversification in Cabarrus County?
- Cabarrus County is experiencing new growth in sectors such as automotive, bioscience, and food production.
- What is Union County’s role in the regional economy?
- Union County is the second-largest county in the Charlotte-Mecklenburg region and an emerging hub for international business, with prominent industries including precision/aerospace manufacturing, food systems/agribusiness, healthcare, office headquarters, and retail development.
- How has North Carolina performed in state-level business rankings?
- North Carolina has consistently ranked as a top performer in CNBC’s “Top States for Business” (first three times: 2022, 2023, 2025; second twice: 2021, 2024) and was ranked fourth nationally in Area Development’s 2024 “Top States for Doing Business” report.
Key Economic Features of Thriving North Carolina Counties
| County | Key Economic Drivers | Notable Growth Statistics/Features | Economic Development Focus |
|---|---|---|---|
| Mecklenburg County | Finance & Insurance, Health Care & Social Assistance, Professional, Scientific, & Technical Services | 1.39% population growth (2022-2023), 5.68% median household income growth (2022-2023), Charlotte as a regional economic center. | Small business innovation funds, support programs for entrepreneurs. |
| Cabarrus County | Automotive, Bioscience, Food Production, Manufacturing | Attracting billion-dollar manufacturing investments, recognized as a fast-growing city (Concord). | Strategic partnerships, new industry recruitment, entrepreneurial support, streamlined regulatory processes. |
| Union County | Precision/Aerospace Manufacturing, Food Systems/Agribusiness, Healthcare, Office Headquarters, Retail Development | $1.4 billion in aerospace investment since 2002, largest geographic aerospace cluster in NC, significant population growth. | Highly developed infrastructure, focus on technology and innovation, workforce development. |
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Author: HERE Charlotte
The CHARLOTTE STAFF WRITER represents the experienced team at HERECharlotte.com, your go-to source for actionable local news and information in Charlotte, Mecklenburg County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Lovin' Life Music Festival, Charlotte Pride festival, and major sporting tournaments at Bank of America Stadium. Our coverage extends to key organizations like the Charlotte Regional Business Alliance and Foundation for the Carolinas, plus leading businesses in finance and entertainment that power the local economy such as Bank of America and NASCAR. As part of the broader HERE network, including HEREAsheville.com, HEREGreensboro.com, HERERaleigh.com, and HEREOBX.com, we provide comprehensive, credible insights into North Carolina's dynamic landscape.
