Doing Business in Charlotte

Charlotte is the largest city in North Carolina, with a population of over 879,000 people, and serves as the seat of Mecklenburg County. Often referred to as the Queen City, the name alludes to it being a hornet’s nest of activity by a British general. There are over 96,000 businesses in Mecklenburg County, employing over 650,000 residents. The city is home to the NASCAR Hall of Fame, Billy Graham Library, Bank of America Stadium, and Sullenberger Aviation Museum.

North Carolina Business Incentives

The state offers a variety of incentives to attract new companies, retain existing ones, and capture the attention of growing corporations. These incentives are available to Charlotte companies, making targeted machinery investments, creating new jobs, and more. A summary of the available tax credits and deductions includes the Historic Preservation Tax Credit, Exemption for Qualifying Data Centers, Jobs Development Investment Grant, and the One North Carolina Fund.

Charlotte Business Organizations

There are also several organizations, chambers, and associations focused on the development of commerce in the area. These groups serve the diverse needs of businesses in different industries facing unique challenges. This includes the Charlotte Area Chamber of Commerce, Charlotte City Center Partners, Charlotte Regional Business Alliance, Charlotte Angel Fund, and the Small Business and Technology Development Center.

Charlotte Business Community

Charlotte is a vibrant city with a diverse and growing business community. The city’s business environment is shaped by a mix of industries, a strong financial sector, a burgeoning technology scene, and a rapidly expanding population. Here is an overview of Charlotte’s business community:

  • Finance and Banking – Charlotte is a major financial hub in the United States. It is home to the headquarters of several major financial institutions, including Bank of America and Wells Fargo. The city’s financial sector is a significant contributor to its economy and job market.
  • Technology and Innovation – In recent years, Charlotte has been making strides in the technology and innovation sector. The city has seen growth in industries like fintech, healthcare IT, and cybersecurity. Organizations like the Charlotte Research Institute and various startup incubators are fostering innovation in the area.
  • Energy and Utilities – Charlotte is home to Duke Energy, one of the largest energy companies in the United States. The energy sector plays a crucial role in the city’s economy, and Charlotte has made efforts to promote clean energy and sustainability.
  • Healthcare – The healthcare sector is another important part of Charlotte’s business community. The city is home to several major healthcare systems and hospitals, including Atrium Health and Novant Health, which contribute significantly to the local economy.
Map of Charlotte, NC

Interesting Facts About Charlotte

  • The first Family Dollar store opened its doors in the city in 1959.
  • The first piece of gold discovered in North America was uncovered in Charlotte by Conrad Reed in 1799.
  • The first prosthetic hand with finger control was surgically attached to the patient in Charlotte in 2016 by Drs. Glenn Gaston and Bryan Loeffler.

Charlotte Accounting Services

When a Charlotte organization experiences a compliance challenge or financial reporting need, they turn to Calvetti Ferguson to help. Whether a start-up or established business, our firm can help with routine compliance issues to more complicated “once in a lifetime” events. The combination of practical experience combined with technical expertise allows team members to bring a fresh perspective to conventional challenges.

Below is a summary of the accounting, assurance, tax, and advisory (risk and transaction) offered to Charlottte businesses, including:

Contact us

Calvetti Ferguson works with companies, private equity firms, and high-net-worth individuals nationwide. Regardless of the complexity of your compliance, assurance, advisory, or accounting needs, our team is ready to help. Please complete the form below, and we will follow up with you shortly.